Last 24 Hours
$501,000
NAL Estimated Property Value8422 Wayne Ave, Lubbock, TX, 79424
Off Market
3 Beds
3 Bath
3,657 Sq Ft
Single Family Residence
$121.41 / sqft
Built in 1980Property Lead Type:
Off-Market ListAbsentee OwnerMove-In Ready
Highlights
Interior
Bedrooms 3
Bathrooms Full 3
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesCooktop, Disposal, Dishwasher
FlooringCarpet, Vinyl
Exterior
Lot Size11,989 sqft
Building Information
Year Built1980
Garage Spaces2
Land Information
APNR93961
Lot Number910
SubdivisionLakeridge Country Club Estates
Land UseResidential
Legal DescriptionLAKERIDGE C C EST L 91
Census Tract010502
Assessed Land Value$75,000
Assessed Improvement Value$360,057
Assessment Year2025
About this property
Completely remodeled in LakeRidge! *Sold before issue*
Investor Tools
$501,000
Estimated Property Value
$370,849Estimated Mortgage Balance
$130,151Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,006 /month
Positive
Cash Flow Estimate:
$1,002 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,039
$435,057
2025
$75,000
$360,057
$435,057
No
Tax History
Year
Tax Paid
Assessed Value
2024
$7,039
$435,057
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$420,000
No
First
May 19, 2020
Jun 2050
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,849
$130,151
25%
74%
$2,519/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$2,519/mo
$-1,079/mo
3.4%
12.4%