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$169,000

NAL Estimated Property Value

8601 Memphis Drive #31, Lubbock, TX, 79423

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths690 Sq Ft
price_per_sqft$86.81 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesOther
Lot Size2,055 sqft

Building Information

Year Built1983
Roof Type105

Land Information

APNR101903
Lot Number30
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE TR D1 UNIT 3 BLD B OF RAINTREE MANOR
Census Tract010504
Assessed Land Value$5,651
Assessed Improvement Value$91,865
Assessment Year2025

Investor Tools

Property Icon
$169,000
Estimated Property Value
$98,227Estimated Mortgage Balance
$70,773Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,014 /month
Positive
Cash Flow Estimate:
$338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$231/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,925
$97,516
2025
$5,651
$91,865
$97,516
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,925
$97,516

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Open End Mortgage / Open End With Future Advance Clause
$105,600
No
First
Aug 26, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,227
$70,773
41%
58%
$634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,110/mo
$634/mo
+$476/mo
7.9%

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.

Explore Texas Explore This Area
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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8601 Memphis Drive #31 | Property Details | No Agent List