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$1,380,908

NAL Estimated Property Value

8405 County Road 6940, Lubbock, TX, 79407

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths6,543 Sq Ft
price_per_sqft$152.07 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Disposal, Double Oven, Dishwasher, Gas Range, Indoor Grill, Microwave, Water Heater
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesBarbecue, Outdoor Grill
Lot Size3.24 acres

Building Information

Year Built2008
Roof Type105
Garage Spaces6

Land Information

APNR153406
Lot Number1660
SubdivisionLlano Estates
Land UseResidential
Legal DescriptionLLANO ESTATES L 166
Census Tract010419
Assessed Land Value$58,000
Assessed Improvement Value$1,347,555
Assessment Year2025

About this property

Magnificent custom home in Llano Estates! Located on 3 acres, this home has everything you're looking for. Incredible attention to detail, yet comfortable to live in. The spacious isolated master retreat boasts a private fireplace and a luxurious bath with generous his & her closets. The other bedrooms all have their own private bathrooms. The gourmet kitchen is open to the family room and is perfect for entertaining. You'll love the home theater in the basement, separate wine cellar, separate study and an incredible heated and cooled bonus space upstairs. The back yard is stunning and features a beautiful pool and outdoor kitchen. Attached 4 car garage and a separate 2 car garage can hold all your toys. A 30 x 60 barn / workshop completes this amazing property. Call for a private showing today!

Investor Tools

Property Icon
$1,380,908
Estimated Property Value
$244,974Estimated Mortgage Balance
$1,135,934Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,285 /month
Positive
Cash Flow Estimate:
$2,762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,013
$1,380,908
2025
$58,000
$1,347,555
$1,405,555
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,013
$1,380,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Stand Alone Second / Subordinate Position
$143,625
No
First
Jul 3, 2019
Aug 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,974
$1,135,934
82%
18%
$1,458/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,458/mo
+$214/mo
1.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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