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$352,000

NAL Estimated Property Value

8503 Knoxville Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,648 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.95 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Oven
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,059 sqft

Building Information

Year Built1976
Roof Type114
Garage Spaces2

Land Information

APNR85111
Lot Number3200
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 320
Census Tract010504
Assessed Land Value$10,964
Assessed Improvement Value$245,962
Assessment Year2025

About this property

This newly remodeled 4 bedroom 3 bath house in Raintree sits at the end of a quiet cul-de-sac. It has everything you could want- new landscaping, fresh paint, new countertops, tile, vinyl plank, carpet, lighting and so much more. Walk in to tall ceilings and large fireplace-the perfect gathering place. The isolated primary bedroom boasts a beautiful on suite bathroom which is new and fresh. You won't want to miss this one!

Investor Tools

Property Icon
$352,000
Estimated Property Value
$250,510Estimated Mortgage Balance
$101,490Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,951
$256,926
2025
$10,964
$245,962
$256,926
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,951
$256,926

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerifund Home Loans Inc
Conventional
$255,000
No
First
May 15, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,510
$101,490
28%
71%
$1,529/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,529/mo
+$291/mo
6.2%

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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8503 Knoxville Ave | Property Details | No Agent List