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$298,432

8605 Miami Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,141 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.77 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Electric Cooktop, Exhaust Fan, Electric Oven, Range Hood
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,000 sqft

Building Information

Year Built1986
Roof Type114
Garage Spaces2

Land Information

APNR63499
Lot Number4320
SubdivisionKings Gate
Land UseResidential
Legal DescriptionKINGS GATE L 432
Census Tract010504
Assessed Land Value$25,000
Assessed Improvement Value$273,432
Assessment Year2025

About this property

This 3/2/2 garden home inside the Kings Gate neighborhood is just down the street from Charles Guy park. With tall ceilings and plantation shutters throughout, this home is ready to welcome you! With two dining areas, you could use the formal dining as an office or flex space. The formal dining area that sits adjacent to the kitchen is separated with French doors. The large living area is very spacious with a great fireplace and patio doors that lead to the side yard. The primary suite is oversized with the ensuite bath having a large soaking tub, separate shower, double vanities and a walk in closet. The kitchen is spacious with an abundance of cabinets and its own dining area. The xeriscaped front yard with automatic sprinkler system in front and side make yard maintenance a breeze. The garage features an abundance of custom storage. New roof fall of 2025.

Investor Tools

Property Icon
$298,432
Estimated Property Value
$0Estimated Mortgage Balance
$298,432Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,791 /month
Positive
Cash Flow Estimate:
$597 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,254
$298,432
2025
$25,000
$273,432
$298,432
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,254
$298,432

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$298,432
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
6.2%

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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8605 Miami Ave | Property Details | No Agent List