Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$292,000

NAL Estimated Property Value

7203 Memphis Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,718 Sq Ft
price_per_sqft$106.7 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range

Exterior

Lot Size8,040 sqft

Building Information

Year Built1979
Garage Spaces2

Land Information

APNR54083
Lot Number3680
SubdivisionMelonie Park South
Land UseResidential
Legal DescriptionMELONIE PARK SOUTH S3.96'OF L 367 & N63'OF 368
Census Tract001904
Assessed Land Value$19,430
Assessed Improvement Value$259,072
Assessment Year2025

About this property

Absolutely awesome investment opportunity in great location! Each unit of this duplex has 3/2.5/2, fireplace, patio, great backyard area, easy access to the park, and much more.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$188,145Estimated Mortgage Balance
$103,855Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$543/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,057
$278,502
2025
$19,430
$259,072
$278,502
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,057
$278,502

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank And Trust Co Inc
Commercial
$203,000
No
First
Jun 3, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,145
$103,855
35%
64%
$1,218/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,218/mo
+$602/mo
7.5%

City: Lubbock

7203 Memphis Ave | Property Details | No Agent List