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B+
NoAgentList RatingHow are grades calculated? Info

$109,000

6313 23rd St, Lubbock, TX, 79407

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths920 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.43 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesAwning(s)
Lot Size5,040 sqft

Building Information

Year Built1998
Roof Type114
Garage Spaces1

Land Information

APNR45757
Lot Number40
SubdivisionWest End Place
Land UseResidential
Legal DescriptionWEST END PL BLK 12 W50'OF L 4
Census Tract001714
Assessed Land Value$3,500
Assessed Improvement Value$88,978
Assessment Year2025

About this property

This 2-bedroom, 2-bath brick home at 6313 23rd St in Lubbock is a standout rental investment! Currently leased at $950/month through May 2024, this 920 sq ft property generates $11,400 in annual rental income—offering a 9.5% CAP Rate and ROI. With a low-maintenance layout, single-car garage, lots of off-street parking, in the popular Frenship ISD -- this property currently has a reliable tenant in place and is ready to start cash flowing from day one. Located just minutes from Texas Tech and local amenities, this area draws consistent rental demand. Priced competitively under market value, it offers built-in equity and strong performance potential. Whether you're a new or seasoned investor, this property is part of a rare 6-property portfolio package also featuring 6315 24th St, 6210 22nd St, 6212 22nd St, and duplexes at 4423 & 4425 31st St. Buy individually or as a complete set to scale your rental income instantly!

Investor Tools

Property Icon
$109,000
Estimated Property Value
$200,000Estimated Mortgage Balance
$0Estimated Equity
-83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,767
$92,478
2025
$3,500
$88,978
$92,478
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,767
$92,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wellington State Bank
Open End Mortgage / Open End With Future Advance Clause
$200,000
No
First
Nov 18, 2024
Nov 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,664
N/A
0%
179%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$1,200/mo
$-183/mo
11.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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6313 23rd St | Property Details | No Agent List