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$216,000

NAL Estimated Property Value

8314 Gary Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,018 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$76.76 / sqft
Year BuiltBuilt in 1975

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, Cooktop, Disposal, Dishwasher, Electric Cooktop, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size6,900 sqft

Building Information

Year Built1975
Roof Type114
Garage Spaces2

Land Information

APNR35888
Lot Number840
SubdivisionPotomac Park
Land UseResidential
Legal DescriptionPOTOMAC PARK L 84
Census Tract010505
Assessed Land Value$16,200
Assessed Improvement Value$189,490
Assessment Year2025

About this property

WOW! This amazing 3/2/2 has been completely remodeled and looks fantastic! Inside you will find two large living areas with tons of storage, an isolated master bedroom, and 2 extra bedrooms. The modern and contemporary look of the vinyl plank flooring, the light fixtures, the beautiful bathrooms, and the inviting kitchen make this home quite a find! The kitchen has granite countertops, new stainless appliances, and the new refrigerator conveys with the property. This home is found in a great neighborhood with a large park and a playa lake just down the street. Show and Sell this great house! Bring Offers!

Investor Tools

Property Icon
$216,000
Estimated Property Value
$130,566Estimated Mortgage Balance
$85,434Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$340/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$205,690
2025
$16,200
$189,490
$205,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$205,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clearpath Lending
Arm (Adjustable Rate Mortgage)
$165,700
No
First
Nov 29, 2017
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,566
$85,434
39%
60%
$655/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$655/mo
+$895/mo
8.6%

City: Lubbock

8314 Gary Ave | Property Details | No Agent List