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$301,662

NAL Estimated Property Value

7918 Louisville Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,147 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.35 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size8,475 sqft

Building Information

Year Built1972
Garage Spaces2

Land Information

APNR48908
Lot Number1840
SubdivisionMelonie Park South
Land UseResidential
Legal DescriptionMELONIE PARK SOUTH L 184
Census Tract001904
Assessed Land Value$24,000
Assessed Improvement Value$277,662
Assessment Year2025

About this property

Beautiful home in established Melonie Park South! This 3/2/2 with a mother in law suite in the back is updated and ready to sale. Walking in the home from the beautiful front yard leads into a step down living room with vaulted ceilings and gas burning fire place. Living features a cutout with storage perfect for a home office/study area. The master suite has a large walk-in closet and bathroom with a tiled shower and double vanity. This home has a mother in law suite in the backyard that features a half bath is right next to the large covered patio and deck. The back yard is landscaped beautifully with a divided yard and pond. The perfect place to spend those West Texas evenings. This home is located off of 82nd and Indiana making it minutes away from the loop, shopping, and entertainment. Alarm system comes with remote capabilities. Garage contains 220V wiring. New Water heater in 2018, new AC/Heat evaporator 2018, new insulated windows 2010, new roof 2019, new paint 2020.

Investor Tools

Property Icon
$301,662
Estimated Property Value
$180,112Estimated Mortgage Balance
$121,550Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,810 /month
Positive
Cash Flow Estimate:
$603 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$543/month
$170/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,004
$301,662
2025
$24,000
$277,662
$301,662
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,004
$301,662

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Conventional
$202,730
No
First
Aug 3, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,112
$121,550
40%
60%
$1,216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,386/mo
+$164/mo
6.2%

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.

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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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7918 Louisville Ave | Property Details | No Agent List