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$230,000

NAL Estimated Property Value

6505 Fm 2378, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,084 Sq Ft
price_per_sqft$124.54 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange, Dishwasher, Free-Standing Range, Microwave
FlooringCarpet, Hardwood, Laminate

Exterior

Lot Size9.78 acres

Building Information

Year Built1960
Roof Type105

Land Information

APNR309201
Land UseResidential
Legal DescriptionBLK D6 SEC 17 AB 407 TR D OF SW/4 ACS: 9.783
Census Tract010418
Assessment Year2025

About this property

Watch the beautiful Sunsets in this completely renovated Country property. Restrictions allow 1 large animal per acre. This cute 3 Bedroom, 1 bath and 2 space carport house has been painted inside and out with new carpet, new water heater, new electrical, new plumbing and new appliances. The house has a new front and back porch deck and sits on 9.78 acres. Lots of pine trees with a concrete slab that is plumbed for new shop. House is in the Frenship School District.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$92,734Estimated Mortgage Balance
$137,266Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$200/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,247
$165,824
2025
N/A
N/A
$262,335
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,247
$165,824

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Fha
$112,917
Yes
First
Sep 1, 2017
Oct 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,734
$137,266
59%
40%
$677/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$677/mo
+$748/mo
7.4%

City: Lubbock