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$258,614

NAL Estimated Property Value

7007 Miami Ave, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,404 Sq Ft
price_per_sqft$121.67 / sqft
Year BuiltBuilt in 1969

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
AppliancesDishwasher, Free-Standing Electric Range, Microwave, Range Hood
FlooringCarpet, Plank, Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size9,040 sqft

Building Information

Year Built1969
Garage Spaces2

Land Information

APNR43346
Lot Number7870
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 787
Census Tract001908
Assessed Land Value$28,000
Assessed Improvement Value$230,614
Assessment Year2025

About this property

Located in one of Lubbock's most sought-after neighborhoods, this 3-bedroom, 2-bathroom home is full of warmth and character. Featuring two living areas, a cozy fireplace with elegant beamed ceilings, and built-ins for extra storage, this home offers a fantastic floor plan. The large circle drive and two-car garage provide ample parking, while the low-maintenance yard makes upkeep a breeze. The expansive covered patio is the perfect spot to enjoy your morning coffee or entertain guests. Just minutes from Texas Tech, premier shopping, and dining.

Investor Tools

Property Icon
$258,614
Estimated Property Value
$205,575Estimated Mortgage Balance
$53,039Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,755 /month
Positive
Cash Flow Estimate:
$585 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,772
$258,614
2025
$28,000
$230,614
$258,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,772
$258,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$208,000
No
First
Sep 24, 2025
Sep 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,575
$53,039
20%
79%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,248/mo
+$422/mo
7.7%

City: Lubbock

7007 Miami Ave | Property Details | No Agent List