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$260,000

NAL Estimated Property Value

6215 Louisville Dr, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,160 Sq Ft
price_per_sqft$78.47 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Electric Cooktop
FlooringCarpet, Vinyl

Exterior

Lot Size8,054 sqft

Building Information

Year Built1964
Roof Type105
Garage Spaces2

Land Information

APNR26790
Lot Number1720
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 172
Census Tract001908
Assessed Land Value$24,500
Assessed Improvement Value$166,769
Assessment Year2025

About this property

One owner home located on cue-de-sac, two living areas with fireplace in step-down living area. Great plan with tremendous potential for adding updates of buyer's choice. Private courtyard is in front with both living areas having natural light looking out onto courtyard. New Fence 2018 and New roof installed July 2019.

Investor Tools

Property Icon
$260,000
Estimated Property Value
$175,542Estimated Mortgage Balance
$84,458Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,775
$191,269
2025
$24,500
$166,769
$191,269
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,775
$191,269

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$196,000
No
First
Dec 16, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,542
$84,458
32%
68%
$1,176/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,176/mo
+$494/mo
7.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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6215 Louisville Dr | Property Details | No Agent List