$257,000
NAL Estimated Property Value8005 Elkhart Ave, Lubbock, TX, 79424
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size8,400 sqft
Building Information
Year Built1977
Roof Type105
Garage Spaces2
Land Information
APNR72457
Lot Number4040
SubdivisionFarrar Estates
Land UseResidential
Legal DescriptionFARRAR ESTATES L 404
Census Tract001713
Assessed Land Value$11,250
Assessed Improvement Value$237,613
Assessment Year2025
About this property
Well Maintained, One-Owner 3/2/2 Home with Office! As you enter this spacious home, you are quickly welcomed by the large dining area & kitchen with granite countertops. The enormous living room features brick fireplace, vaulted ceiling & skylights. Large isolated master suite features on-suite bathroom with double vanities, updated walk-in shower, large walk-in closet plus office space. Spacious secondary bedrooms. Beautiful backyard provides established landscaping and storage building.
Investor Tools
$257,000
Estimated Property Value
$154,766Estimated Mortgage Balance
$102,234Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,922
$243,001
2025
$11,250
$237,613
$248,863
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,922
$243,001
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Va
$168,842
Yes
First
Dec 27, 2021
Jan 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,766
$102,234
39%
60%
$1,013/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,013/mo
+$427/mo
6.7%
