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$229,833

NAL Estimated Property Value

6908 Elkridge Ave, Lubbock, TX, 79413

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,013 Sq Ft
price_per_sqft$103.33 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesDog Run, Private Yard, Storage
Lot Size9,100 sqft

Building Information

Year Built1973
Roof Type105
Garage Spaces462

Land Information

APNR127493
Lot Number1070
SubdivisionLive Oak
Land UseResidential
Legal DescriptionLIVE OAK L 107
Census Tract002103
Assessed Land Value$32,000
Assessed Improvement Value$197,833
Assessment Year2025

About this property

This four bedroom, three bathroom home is conveniently located near Indiana Avenue in south central Lubbock. Outside, the mature landscaping creates a calm and comfortable environment. When you walk through the door you will be greeted by an open concept kitchen and living area next to a separate dining room. In the back of the home you will find the isolated master suite, a spacious bedroom with an attached bathroom. Another special feature of this house is that not only does that master bedroom have its own bathroom, there is another large bedroom with an ensuite bathroom. Call today to come tour this beautiful, spacious home for yourself!

Investor Tools

Property Icon
$229,833
Estimated Property Value
$205,320Estimated Mortgage Balance
$24,513Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,899
$229,833
2025
$32,000
$197,833
$229,833
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,899
$229,833

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Fha
$200,795
Yes
First
Dec 31, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,320
$24,513
10%
89%
$1,241/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,241/mo
+$719/mo
10.2%

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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6908 Elkridge Ave | Property Details | No Agent List