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$140,000

NAL Estimated Property Value

8406 Avenue V, Lubbock, TX, 79423

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,015 Sq Ft
price_per_sqft$147.78 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Range
FlooringCeramic Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,328 sqft

Building Information

Year Built1992
Roof Type114
Garage Spaces1

Land Information

APNR36697
Lot Number570
SubdivisionPrairie Point East
Land UseResidential
Legal DescriptionPRAIRIE POINT EAST L 57
Census Tract010506
Assessed Land Value$21,000
Assessed Improvement Value$107,721
Assessment Year2025

About this property

Welcome to this 2-bedroom, 2-bathroom home with a 1-car garage, boasting just over 1,000 square feet. Featuring hard flooring throughout, this home's interior exudes an up-to-date, low-maintenance appeal. The kitchen boasts a stylish butcher block countertop and brand-new appliances, making this space move in ready. Spacious rooms provide ample living space, while the large, fenced-in backyard offers privacy and plenty of room for outdoor activities. Whether you're an investor, a student, or a first-time homeowner, this home is an ideal opportunity to own in a desirable location. Don't miss out on this gem!

Investor Tools

Property Icon
$140,000
Estimated Property Value
$136,973Estimated Mortgage Balance
$3,027Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,984
$128,721
2025
$21,000
$107,721
$128,721
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,984
$128,721

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Fha
$139,428
Yes
First
May 9, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,973
$3,027
2%
98%
$836/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$836/mo
+$714/mo
13.3%

City: Lubbock

8406 Avenue V | Property Details | No Agent List