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$190,000

NAL Estimated Property Value

6916 Hope Ave, Lubbock, TX, 79424

SoldInfo
7/07/26
Beds3 Beds
Baths2 Bath
Baths1,401 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.32 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Free-Standing Range, Microwave, Range
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,696 sqft

Building Information

Year Built1986
Roof Type105
Garage Spaces2

Land Information

APNR85863
Lot Number1590
SubdivisionStonegate
Land UseResidential
Legal DescriptionSTONEGATE L 159
Census Tract001717
Assessed Land Value$16,120
Assessed Improvement Value$168,300
Assessment Year2025

About this property

Charming 3-bedroom, 2-bath home located in the highly sought-after Frenship School District! This well-loved home is full of character and has been beautifully maintained. The inviting layout offers comfortable living spaces, while the backyard is a standout feature with a spacious covered patio perfect for relaxing or entertaining. A full shop in the backyard provides endless possibilities for hobbies, storage, or workspace needs. It also has a new class 4 roof that will save you money on homeowners insurance. With its curb appeal, warmth, and functional extras, this super cute home is one you won't want to miss!

Investor Tools

Property Icon
$190,000
Estimated Property Value
$81,078Estimated Mortgage Balance
$108,922Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$261/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,178
$184,420
2025
$16,120
$168,300
$184,420
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,178
$184,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nora Leticia Lane
Stand Alone First / Home Equity First Lien
$97,061
No
First
Jun 22, 2018
Jul 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,078
$108,922
57%
43%
$582/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$582/mo
+$858/mo
9.1%

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.

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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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6916 Hope Ave | Property Details | No Agent List