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$167,000

NAL Estimated Property Value

8601 Memphis Drive A21, Lubbock, TX, 79423

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,009 Sq Ft
price_per_sqft$156.1 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Microwave, Refrigerator, Washer/Dryer

Exterior

Exterior FeaturesNone
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

Welcome to Unit A21at Raintree Manor Condominium - a fully furnished, move-in ready property leased at $1500/month through July 1, 2025. This updated condo is perfect for investors, students, second-home buyers, or smaller families. Located one block from The Premier Sportsplex Gym and two blocks from Charles A Guy Park, the location is unbeatable. The $130/month HOA fee covers water, trash, sewer, and grants access to the community pool and covered parking space. Whether you're looking for a turn-key rental or a personal home, this property checks all the boxes. Schedule your showing today!

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 A21 | Property Details | No Agent List