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$240,000

NAL Estimated Property Value

6406 Elkhart Ave, Lubbock, TX, 79424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,847 Sq Ft
price_per_sqft$89.31 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size8,901 sqft

Building Information

Year Built1985
Roof Type105
Garage Spaces2

Land Information

APNR57012
Lot Number750
SubdivisionFarrar Del Norte
Land UseResidential
Legal DescriptionFARRAR DEL NORTE L 75
Census Tract001712
Assessed Land Value$19,583
Assessed Improvement Value$201,996
Assessment Year2025

About this property

Great home in southwest Lubbock on a quiet street. This cute, light, bright 3/2/2 has a great layout. The kitchen has a breakfast bar and separate eating area. The den is a good size with a pretty fireplace. The laundry room has a great work space for crafts or a work from home area. This great home has a super home office as well. Come see this lovely home.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$140,414Estimated Mortgage Balance
$99,586Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,115
$221,579
2025
$19,583
$201,996
$221,579
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,115
$221,579

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Va
$168,496
Yes
First
Mar 12, 2018
Apr 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,414
$99,586
41%
59%
$1,011/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,011/mo
+$429/mo
7.2%

City: Lubbock

6406 Elkhart Ave | Property Details | No Agent List