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$179,000

NAL Estimated Property Value

8308 Gary Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,410 Sq Ft
price_per_sqft$77.94 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Lot Size6,900 sqft

Building Information

Year Built1976
Roof Type114
Garage Spaces2

Land Information

APNR35819
Lot Number810
SubdivisionPotomac Park
Land UseResidential
Legal DescriptionPOTOMAC PARK L 81
Census Tract010505
Assessed Land Value$16,200
Assessed Improvement Value$158,518
Assessment Year2025

About this property

If you are looking for an, affordable move-in ready home? Don't miss this charming 3/2/2 home located in an established neighborhood. Large living room features vaulted ceiling, wide-plank laminate flooring & fireplace. Kitchen provides updated appliances. Isolated master bedroom offers walk-in closet. New carpet in all bedrooms. Spacious backyard provides storage building. Available for quick close!

Investor Tools

Property Icon
$179,000
Estimated Property Value
$81,940Estimated Mortgage Balance
$97,060Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,161
$174,718
2025
$16,200
$158,518
$174,718
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,161
$174,718

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$107,908
Yes
First
Apr 24, 2015
May 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,940
$97,060
54%
46%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
10.4%

City: Lubbock