Last 24 Hours
$149,000
7420 Ivory Ave, Lubbock, TX, 79404
On Market
3 Beds
2 Bath
1,129 Sq Ft
$131.98 / sqft
Built in 2009Property Lead Type:
Must-SellAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Garage Available
Heating Central
CoolingExterior
Exterior FeaturesNone
Lot Size7,856 sqft
Building Information
Year Built2009
Roof Type105
Garage Spaces546
Land Information
APNR98491
Lot Number710
SubdivisionRobbie Marion Heights
Land UseResidential
Legal DescriptionROBBIE MARION HTS L 71
Census Tract002500
Assessed Land Value$1,800
Assessed Improvement Value$146,791
Assessment Year2025
About this property
This 3/2/2 would be a perfect addition to your rental portfolio! One of the newer homes in this neighborhood, and has been a occupied rental for many years. It has been well taken care of by the current tenant and ready for someone else to call home.
Investor Tools
$72,450Estimated Mortgage Balance
$87,550Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,629
$148,591
2025
$1,800
$146,791
$148,591
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,629
$148,591
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstcapital Bank Of Texas Na
Open End Mortgage / Open End With Future Advance Clause
$84,000
No
First
Aug 15, 2019
Aug 2029
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$72,450
$87,550
54%
45%
$504/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$504/mo
+$921/mo
10.7%
12.4%