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$296,385

NAL Estimated Property Value

6920 Homestead Ave, Lubbock, TX, 79424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,196 Sq Ft
price_per_sqft$120.63 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Range, Water Heater
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size6,649 sqft

Building Information

Year Built1985
Roof Type105
Garage Spaces2

Land Information

APNR86512
Lot Number1810
SubdivisionStonegate
Land UseResidential
Legal DescriptionSTONEGATE L 181
Census Tract001717
Assessed Land Value$15,860
Assessed Improvement Value$280,525
Assessment Year2025

About this property

Rare find located in the city! This home has not only been completely remodeled, but also has a two story shop with a living area and bathroom upstairs. No attention to detail was missed when this house was remodeled. Granite countertops, completely redone kitchen(fridge included with sale), wood look vinyl flooring in common areas, newer carpet in bedrooms, fresh paint inside and out, new and upgraded doors, and much much more! A nice addition in the laundry room is a dedicated hot water heater for the sink and washing machine. Upstairs you will find a large master bedroom with a balcony perfect for enjoying the West Texas sunrise. Not only will you enjoy in the inside of this home but you'll appreciate the quiet backyard and sitting area with a pergola. Come take a tour and you will not be disappointed.

Investor Tools

Property Icon
$296,385
Estimated Property Value
$0Estimated Mortgage Balance
$296,385Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,778 /month
Positive
Cash Flow Estimate:
$593 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,396
$296,385
2025
$15,860
$280,525
$296,385
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,396
$296,385

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$296,385
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
5.8%

City: Lubbock

6920 Homestead Ave | Property Details | No Agent List