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$381,000

NAL Estimated Property Value

803 N Evanston Ave, Lubbock, TX, 79416

Off MarketInfo
Beds6 Beds
Baths6 Bath
Baths2,358 Sq Ft
price_per_sqft$112.38 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator

Exterior

Lot Size7,065 sqft

Building Information

Year Built2003
Garage Spaces4

Land Information

APNR173663
Lot Number2090
SubdivisionWestern Estates
Land UseResidential
Legal DescriptionWESTERN ESTATES L 209
Census Tract000409
Assessed Land Value$17,500
Assessed Improvement Value$192,843
Assessment Year2025

About this property

Looking for a great clean income producing property? Well this one sits in a cul-de-sac and has very easy access to Texas Tech, Medical District, Loop 289 and all the shopping and eating places you could imagine. This 3 bedroom, 3 bathroom and 2 car garage is already rented so you have instant cash flow going into the purchase. Both leases run thru end of July and August 2025. Open from the kitchen to the living room makes it a very easy flowing environment. 2 of the bedrooms have their own private bathroom and the 3rd bathroom is in the hallway for guest to use. This is a little bit different floorplan from all of the others in this area. You will like the differences. Come check it out.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$189,505Estimated Mortgage Balance
$191,495Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,868
$210,343
2025
$17,500
$192,843
$210,343
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,868
$210,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loan Funder Llc Series 89337
Commercial
$194,700
No
First
Nov 27, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,505
$191,495
50%
50%
$1,168/mo

City: Lubbock

803 N Evanston Ave | Property Details | No Agent List