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$284,950

7802 87th Street, Lubbock, TX, 79424

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.49 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Range, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,438 sqft

Building Information

Year Built2016
Roof Type105
Garage Spaces2

Land Information

APNR326603
Lot Number2240
SubdivisionCambridge Way
Land UseResidential
Legal DescriptionCAMBRIDGE WAY L 224
Census Tract010412
Assessed Land Value$23,177
Assessed Improvement Value$236,604
Assessment Year2025

About this property

Welcome Home to this 3-bedroom, 2-bathroom residence plus a dedicated office, situated on a prime corner lot in the popular Cambridge Way neighborhood. Featuring a total of 1,932 square feet of living space, this 2018-built home offers a functional open-concept layout designed for a seamless flow between the main living area and the kitchen. The floor plan provides great versatility, with the isolated office serving as an ideal workspace and the bedrooms positioned for privacy. Located within the highly regarded Frenship Independent School District, this property places you in a sought-after area with quick access to the retail and dining hubs of Lubbock. This home offers a spacious footprint and a fantastic location for anyone looking to settle into an established community near top-tier schools.

Investor Tools

$178,272Estimated Mortgage Balance
$109,728Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

Interested in this property?

Doug Duncan

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$606/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,829
$259,781
2025
$23,177
$236,604
$259,781
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,829
$259,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Princeton Mortgage Corp
Conventional
$192,000
No
First
Jul 15, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,272
$109,728
38%
62%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,152/mo
+$288/mo
6.0%

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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7802 87th Street | Property Details | No Agent List