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$295,000

NAL Estimated Property Value

7009 Miami Ave, Lubbock, TX, 79413

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,670 Sq Ft
price_per_sqft$88.01 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave, Trash Compactor, Water Heater
FlooringTile

Exterior

Lot Size9,051 sqft

Building Information

Year Built1971
Garage Spaces2

Land Information

APNR43291
Lot Number7860
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 786
Census Tract001908
Assessed Land Value$28,035
Assessed Improvement Value$188,484
Assessment Year2025

About this property

What a wonderful place to call home. Step into this charming 4-bedroom, 2.5-bath property with mature trees and low maintenance landscaping. Entrance of home provides a brick courtyard and package drop for extra security and space for enjoying the beautiful West Texas Sunrise. This home is 2 blocks from City Park and walking distance to Jayne Ann Miller Elementary. Spacious kitchen with breakfast bar plus dining area. An inviting living area with skylights and lovely broad Fireplace. Do you need an office, playroom or bonus room? This property has it all. An isolated space that is tucked in near the Master Bedroom provides office tranquility. The massive bonus room fits whatever your needs maybe. Not to mention a half bath. Don't miss out on this opportunity to view this great property, schedule your showing today!!

Investor Tools

Property Icon
$295,000
Estimated Property Value
$203,216Estimated Mortgage Balance
$91,784Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,479
$216,519
2025
$28,035
$188,484
$216,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,479
$216,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Fha
$225,557
Yes
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,216
$91,784
31%
69%
$1,353/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,353/mo
+$607/mo
8.0%

City: Lubbock

7009 Miami Ave | Property Details | No Agent List