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$259,900

6906 16th Street, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.2 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Purifier, Water Softener Owned, Gas Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size5,700 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR342829
Lot Number1180
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 118
Census Tract000406
Assessed Land Value$35,000
Assessed Improvement Value$195,054
Assessment Year2025

About this property

Welcome to 6906 16th Street in the desirable Burgamy Park neighborhood of Lubbock. Built in 2024, this beautiful 3 bedroom, 2 bathroom home offers a thoughtfully designed open concept floor plan that seamlessly connects the living, dining, and kitchen areas, creating an inviting space perfect for everyday living and entertaining. This home is in like new condition and features numerous upgrades throughout, including granite countertops, custom cabinetry, quality finishes, and abundant natural light. The spacious living area offers a cozy fireplace, while the kitchen provides ample counter space and storage for convenience and style. Additional highlights include a two car attached garage, covered patio, and a well maintained yard. Conveniently located near shopping, dining, and schools, this home combines modern comfort with an excellent location in Burgamy Park. Move in ready and meticulously cared for, 6906 16th Street is ready to welcome its next owner.

Investor Tools

$196,478Estimated Mortgage Balance
$75,522Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

Chelsea Timmens

Home Grown Real Estate Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$174/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$723
$230,054
2025
$35,000
$195,054
$230,054
No

Tax History

Year
Tax Paid
Assessed Value
2024
$723
$230,054

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$200,000
No
First
May 9, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,478
$75,522
27%
72%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,200/mo
+$440/mo
7.2%

City: Lubbock