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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%

City: Lubbock

8601 Memphis Drive #31 | Property Details | No Agent List