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$167,000

NAL Estimated Property Value

8601 Memphis Drive 46, Lubbock, TX, 79423

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths685 Sq Ft
price_per_sqft$87.45 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Free-Standing Range
FlooringTile

Exterior

Lot Size2,041 sqft

Building Information

Year Built1983
Roof Type105

Land Information

APNR41337
Lot Number470
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE TR D1 UNIT 47 BLD H OF RAINTREE MANOR
Census Tract010504
Assessed Land Value$5,613
Assessed Improvement Value$92,393
Assessment Year2025

About this property

Nice 1 bedroom condo in desirable southwest Lubbock. Great location for students or small family. Close to shopping, nice restaurants, and is a reasonable drive to Texas Tech and the medical district. Large park with a great walking track & playground is 2 blocks away!! This home has all tile flooring, laundry hook ups, and a pretty private patio on the pool! Pool on the property.

Investor Tools

Property Icon
$167,000
Estimated Property Value
$0Estimated Mortgage Balance
$167,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,002 /month
Positive
Cash Flow Estimate:
$334 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$577
$98,006
2025
$5,613
$92,393
$98,006
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$577
$98,006

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$167,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,110/mo
N/A
+$1,110/mo
8.0%

City: Lubbock

8601 Memphis Drive 46 | Property Details | No Agent List