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$191,000

NAL Estimated Property Value

8428 Fremont Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,569 Sq Ft
price_per_sqft$98.73 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Hardwood, Vinyl

Exterior

Exterior FeaturesBarbecue, Outdoor Grill

Building Information

Year Built1978
Roof Type105
Garage Spaces2

Land Information

APNR43062
Lot Number3510
SubdivisionPotomac Park
Land UseResidential
Legal DescriptionPOTOMAC PARK L 351
Census Tract010505
Assessed Land Value$20,250
Assessed Improvement Value$155,928
Assessment Year2025

About this property

This adorable 3/2/2 is family-perfect with lots of extras and just across from McCullough Park! The kitchen and eating area are open to the large den for fun family time, including movies (with surround sound) in front of the beautiful fireplace. The isolated master includes two closets, one a walk-in. The Samsung black stainless steel stove and side-by-side refrigerator are less than two years old! A new water heater was installed in 2018 and a new roof in September of this year. Beautiful faux wood blinds are in the kitchen, eating area, and both guest bedrooms. Enjoy the bluetooth color-changing exhaust fan in the guest bath and the Ring doorbell for greeting visitors, along with dusk-to-dawn porch lights and outdoor cameras for additional security. An Ecobee smart thermostat makes programming and remote control of temperatures a breeze. The large back yard includes two storage buildings for all the extra goodies. Sellers are ready to move on and are willing to look at all offers!

Investor Tools

Property Icon
$191,000
Estimated Property Value
$131,469Estimated Mortgage Balance
$59,531Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,291
$176,178
2025
$20,250
$155,928
$176,178
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,291
$176,178

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$146,791
Yes
First
Dec 1, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,469
$59,531
31%
69%
$881/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$881/mo
+$669/mo
9.7%

City: Lubbock

8428 Fremont Ave | Property Details | No Agent List