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$299,000

6921 Elephant Rd, Lubbock, TX, 79407

SoldInfo
7/17/26
Beds3 Beds
Baths2 Bath
Baths1,728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.17 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Electric Range
FlooringCarpet

Exterior

Exterior FeaturesStorage

About this property

Motivated seller looking for a quick close! A great opportunity to own 2.5 acres with home and shop in Smyer ISD. Private well and septic. This home is a loving and welcoming space with a corner fireplace in the living room and spacious, open kitchen with fantastic wood cabinetry and island with bar seating. Two guest rooms and the hall bath were remodeled in 2018. The shop is insulated and has electricity with overhead door. All appliances convey. *Siding on exterior needs to be repaired/replaced* Seller is willing to provide a seller credit toward exterior siding repairs with an acceptable offer. Don't miss this incredible opportunity to secure a great home with built-in equity.

Investor Tools

Property Icon
$299,000
Estimated Property Value
$0Estimated Mortgage Balance
$299,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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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6921 Elephant Rd | Property Details | No Agent List