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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%

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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6505 Fm 2378 | Property Details | No Agent List