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$269,000

7806 87th Street, Lubbock, TX, 79424

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,706 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.68 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Gas Range
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,600 sqft

Building Information

Year Built2016
Roof Type105
Garage Spaces2

Land Information

APNR326601
Lot Number2220
SubdivisionCambridge Way
Land UseResidential
Legal DescriptionCAMBRIDGE WAY L 222
Census Tract010412
Assessed Land Value$23,760
Assessed Improvement Value$224,619
Assessment Year2025

About this property

Tired of only seeing "cookie cutter" homes?? Welcome to 7806 87th St., where thoughtful upgrades and custom designs are in every inch of this house. Move in Ready, featuring 3 Bedrooms and 2 Bathrooms with a uniquely modern feel that you will NOT find in this price range. In 2026 ***Freshly Painted Fascia, New North Facing Windows, New 7FT Privacy Fence, Fresh Paint Throughout Interior and NEW Carpet ! In 2025 NEW ROOF*** Inside, the home feels light, open and welcoming with a flowing layout and design for both everyday living and entertaining. The KITCHEN is centrally located with Samsung stainless steel appliances, custom backsplash, granite countertops, wine rack and large pantry. The LIVING AREA has room for all, with electric fireplace and cool LED light in the tray ceiling. The PRIMARY SUITE is spacious and tucked away for privacy and features "Sun Up/Sun Down Shades", and a Special Ceiling - ENSUITE BATH is a dream with Double Vanity, Walk in Shower, built-in Bluetooth Speakers, and THREE CLOSETS (one being an IDEAL shoe closet!). Additional Two Bedrooms are spacious with custom ceilings and nice sized closets. Shared Hall Bathroom well equipped w/ double vanity, granite countertops, floor to ceiling tile in the shower and fabulous storage. The Backyard is ready for year round enjoyment with covered patio, privacy fence and extra concrete on the side yard. MORE TO LOVE: South Plains Electric Provider, Security System, Frenship ISD-Zoned for Frenship High School, NEW United Grocery store Coming Soon only .8 Miles Away. This Area is growing fast with Covenant Park being built that will have bowling, pickle ball, brewery plus more...all within 1 mile! Schedule a tour TODAY!

Investor Tools

$199,042Estimated Mortgage Balance
$83,958Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,698 /month
Positive
Cash Flow Estimate:
$566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,403
$248,379
2025
$23,760
$224,619
$248,379
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,403
$248,379

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Fha
$220,924
Yes
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,042
$83,958
29%
70%
$1,325/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,325/mo
+$115/mo
6.1%

City: Lubbock

7806 87th Street | Property Details | No Agent List