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$272,615

NAL Estimated Property Value

7004 Miami Ave, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,295 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.47 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Double Oven, Dishwasher, Exhaust Fan, Gas Water Heater
FlooringTile, Vinyl

Exterior

Exterior FeaturesLighting, Private Entrance, Rain Gutters
Lot Size10,408 sqft

Building Information

Year Built1968
Garage Spaces2

Land Information

APNR43171
Lot Number7810
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 781
Census Tract001908
Assessed Land Value$31,920
Assessed Improvement Value$240,695
Assessment Year2025

About this property

Welcome to this gorgeous Melonie Park home with a new roof (Aug. 2025 installed), fresh exterior paint, new rain gutters, recently laid Luxury Vinyl Plank, and touches of Mid Century Modern flavor. From the Grand Cathedral Living Room to the cozy Formal Living/Dining, this home has flair! The Brick of the fireplace, the beams on the ceiling, and the wallpaper in the bathrooms are all vintage and beautiful. The Living room even has plantation shutters. The kitchen is ready for a Red Raider lover, complete with double ovens, a cooktop, and a new dishwasher. There is a separate mudroom entry from the garage into the laundry that leads to the side yard as well. The three bedrooms are spacious with walk-in closets. The Primary bedroom has plantation shutters. The Primary bathroom has plenty of counter space and a large closet with a tub and shutters, too. The secondary bedrooms share a Jack/Jill bathroom with a large shower. The covered back patio is a wonderful place for outdoor living. This backyard is a great space for a lovely garden or enjoying the West Texas mornings and evenings. The home also gives plenty of parking and a convenient circle drive as well. Other newer updates include: replaced sewer line (2012), a newer garage door opener, a newly installed garbage disposal, a freshly stained fence, a recently replaced fan and motor in AC unit, also, a new hot water heater in 2022, and put in new spigots in front and back yards. Don't miss this well-priced home among the public parks and quaint charm of the Melonie Park neighborhood. Call for an appointment asap!

Investor Tools

Property Icon
$272,615
Estimated Property Value
$210,773Estimated Mortgage Balance
$61,842Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,636 /month
Positive
Cash Flow Estimate:
$545 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,271
$272,615
2025
$31,920
$240,695
$272,615
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,271
$272,615

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$212,000
No
First
Jan 8, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,773
$61,842
22%
77%
$1,272/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,272/mo
+$398/mo
7.4%

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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