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$403,000

7303 74th St, Lubbock, TX, 79424

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,229 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$180.8 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size30,750 sqft

Building Information

Year Built2018
Roof Type105
Garage Spaces675

Land Information

APNR99201
Lot Number270
SubdivisionRancho Verde Estates
Land UseResidential
Legal DescriptionRANCHO VERDE ESTATES L 27
Census Tract010412
Assessed Land Value$37,500
Assessed Improvement Value$315,100
Assessment Year2025

About this property

Rancho Verde... Fabulous Place to Build your dream Home! Deed restrictions allow for up to 2 horses per lot. Frenship ISD ~2,000 sq ft minimum~

Investor Tools

Property Icon
$403,000
Estimated Property Value
$180,000Estimated Mortgage Balance
$242,433Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,418 /month
Positive
Cash Flow Estimate:
$806 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$678/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,122
$352,600
2025
$37,500
$315,100
$352,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,122
$352,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Conventional
$180,000
No
First
Oct 14, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,567
$242,433
60%
40%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,080/mo
+$610/mo
5.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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7303 74th St | Property Details | No Agent List