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$178,995

7412 5th Street, Unit 1, Lubbock, TX, 79416

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,306 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.06 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,031 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces1

Land Information

APNR343091
Lot Number380
SubdivisionHideaway Estates
Land UseResidential
Legal DescriptionHIDEAWAY ESTATES L 38
Census Tract010402
Assessed Land Value$15,093
Assessed Improvement Value$168,924
Assessment Year2025

About this property

Welcome to this well-maintained 3-bedroom, 2-bathroom home located in the highly sought-after Frenship ISD school district. Whether you're looking to expand your investment portfolio or secure a quality property with immediate rental income, this home is an outstanding opportunity. The property has been exceptionally well cared for and is in great condition, offering a functional floor plan with comfortable living spaces, spacious bedrooms, and a practical layout that appeals to a wide range of tenants and future homeowners alike. The kitchen provides ample cabinet and counter space, while the inviting living area creates a warm and welcoming atmosphere for everyday living. Outside, you'll find a generously sized yard with plenty of room to enjoy outdoor activities or future enhancements. Conveniently located near shopping, dining, parks, schools, and major roadways, this home combines comfort, convenience, and long-term value. For investors, this property offers immediate, stable cash flow with a tenant already in place at $1,300 per month through December 31, 2026, making it a true turnkey investment. Don't miss your chance to own a move-in-ready property in one of the area's most desirable school districts with reliable rental income already secured.

Investor Tools

Property Icon
$184,017
Estimated Property Value
$0Estimated Mortgage Balance
$54,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,104 /month
Positive
Cash Flow Estimate:
$368 /month

Interested in this property?

Michael Norsworthy

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,789
$184,017
2025
$15,093
$168,924
$184,017
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,789
$184,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plains Commerce Bank
Conventional
$138,743
No
First
Feb 24, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,977
$54,040
29%
71%
$832/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$832/mo
+$808/mo
10.7%

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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