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$371,994

7408 Ivory Ave, Lubbock, TX, 79404

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,410 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.32 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop
FlooringHardwood, Tile

Exterior

Lot Size23,580 sqft

Building Information

Year Built2001
Roof Type105
Garage Spaces2

Land Information

APNR98656
Lot Number770
SubdivisionRobbie Marion Heights
Land UseResidential
Legal DescriptionROBBIE MARION HTS L 75 THRU 77
Census Tract002500
Assessed Land Value$3,660
Assessed Improvement Value$368,334
Assessment Year2025

About this property

Nice 4/2/2 located on three lots. This home was built in 2001 with 2410 square feet of living space. The isolated master bedroom has hard wood flooring, large master bath area. The other three bedrooms all have wood flooring. Large living area with a nice fireplace. Kitchen has lots of room and wood stained cabinets. The dining room is large enough for a large table. Large patio area. There is a total of three lots that comes with this property. Home comes with a one year home warranty.

Investor Tools

Property Icon
$371,994
Estimated Property Value
$113,499Estimated Mortgage Balance
$277,024Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,232 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,766
$371,994
2025
$3,660
$368,334
$371,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,766
$371,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Arm (Adjustable Rate Mortgage)
$113,499
No
First
Nov 1, 2017
Dec 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,970
$277,024
74%
26%
$576/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$576/mo
+$1,096/mo
5.4%

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.

Explore Texas Explore This Area
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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7408 Ivory Ave | Property Details | No Agent List