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$210,000

8312 Elgin Ave, Lubbock, TX, 79423

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,501 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.91 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer
FlooringTile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,509 sqft

Building Information

Year Built1999
Roof Type105
Garage Spaces2

Land Information

APNR138759
Lot Number560
SubdivisionSummerfield
Land UseResidential
Legal DescriptionSUMMERFIELD L 56
Census Tract010505
Assessed Land Value$18,500
Assessed Improvement Value$187,078
Assessment Year2025

About this property

This low-maintenance garden home combines modern upgrades with thoughtful accessibility. The interior features a seamless flow with durable porcelain tile flooring throughout—no carpet in sight. The heart of the home is the kitchen, which comes equipped with a water softener and a reverse osmosis purification system for premium water quality. The primary suite has been intelligently remodeled with a handicap-accessible bathroom, providing ease of use without sacrificing style. Significant "big-ticket" updates offer total peace of mind: a Class 4 impact-resistant roof (August 2025) and a full HVAC replacement (2023). Outside, the xeriscaped yard eliminates the need for constant mowing, while the two-car garage is complemented by an extra parking pad, perfect for guests or a third vehicle.

Investor Tools

$0Estimated Mortgage Balance
$210,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,023
$205,578
2025
$18,500
$187,078
$205,578
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,023
$205,578

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$210,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
8.9%

City: Lubbock