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$360,178

NAL Estimated Property Value

7002 Miami Ave, Lubbock, TX, 79413

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,983 Sq Ft
price_per_sqft$98.89 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Electric Range, Stainless Steel Appliance(s)
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size9,306 sqft

Building Information

Year Built1968
Roof Type105
Garage Spaces2

Land Information

APNR43146
Lot Number7800
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 780
Census Tract001908
Assessed Land Value$28,980
Assessed Improvement Value$331,198
Assessment Year2025

About this property

Located in Melonie Park - one of the most desired Lubbock neighborhoods and centrally located with easy access to Loop 289. This home offers a great opportunity to renovate and create!! There are 5 bedrooms - two downstairs including the primary bedroom. The 5th bedroom is adjacent to the primary bedroom and bath and would make a perfect office, nursery or area to extend the primary bath. Two large living areas make this a great space to entertain large gatherings. A circular drive is handy for off street parking. The backyard has a covered back patio, wood privacy fence and a large storage shed. Just a few blocks from Kastman Park and Miller Elementary

Investor Tools

Property Icon
$360,178
Estimated Property Value
$0Estimated Mortgage Balance
$360,178Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,161 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,801
$360,178
2025
$28,980
$331,198
$360,178
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,801
$360,178

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$360,178
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
6.5%

City: Lubbock

7002 Miami Ave | Property Details | No Agent List