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$332,000

NAL Estimated Property Value

8505 Miami Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,242 Sq Ft
price_per_sqft$100.36 / sqft
Year BuiltBuilt in 1991

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

Exterior

Lot Size5,000 sqft

Building Information

Year Built1991
Roof Type114
Garage Spaces2

Land Information

APNR63838
Lot Number4380
SubdivisionKings Gate
Land UseResidential
Legal DescriptionKINGS GATE L 438
Census Tract010504
Assessed Land Value$25,000
Assessed Improvement Value$285,407
Assessment Year2025

About this property

Don't miss this rare find in highly desirable Crown Point in Kings Gate subdivision. This home was built by Galen Kerr and is handicapped assessable. Featuring a large living room with wall fireplace and built-in bookshelves*Stereo sound system*Formal dining room off of living area and both have views of private side patio with a water feature, mature landscaping*Large country style kitchen with gas cooktop and working island plus abundant storage*Spacious Breakfast area in kitchen with tile flooring*Plantation shutters. The master suite is isolated with huge bath and dressing areas. His and her closets, whirlpool tub, and large shower. The 2 guest bedrooms are connected by a Jack and Jill bathroom. The second guest bedroom has a Murphy bed and can double for an office area. The exterior patio is flagstone and has a water feature. The roof is a lifetime metal roof that is about 5 years old. Don't miss out on this home!

Investor Tools

Property Icon
$332,000
Estimated Property Value
$228,007Estimated Mortgage Balance
$103,993Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,992 /month
Positive
Cash Flow Estimate:
$664 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,196
$310,407
2025
$25,000
$285,407
$310,407
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,196
$310,407

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phh Mortgage Services Corp
Conventional
$229,000
No
First
Feb 13, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,007
$103,993
31%
69%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,373/mo
+$177/mo
5.6%

City: Lubbock

8505 Miami Ave | Property Details | No Agent List