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$228,000

8608 Geneva Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,039 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$88.25 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave, Range
FlooringCarpet

Exterior

Lot Size10,912 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APNR41656
Lot Number2990
SubdivisionPotomac Park
Land UseResidential
Legal DescriptionPOTOMAC PARK L 299
Census Tract010505
Assessed Land Value$25,097
Assessed Improvement Value$197,834
Assessment Year2025

About this property

Brand new 50-yr. roof (8/20) AND a brand new price--$10,000 reduction! Hurry so you can pick the color you want. When you drive up, you'll notice the xera landscaping. Once you enter you're greeted by a large living room with a fireplace, a cathedral ceiling & a barn door that leads into a 22x10 sunroom that would make a great play area. There is also an office. The kitchen has a breakfast bar, solid surface countertops, a microwave, & a plethora of cabinet/counter space. The breakfast area has a bench seat to overlook the front yard. Get away from it all in the isolated master bedroom the has a step-in shower. The back yard has a grassy area, 2 pecan trees & and oak tree. It also has a gate for RV parking, a workshop (man cave) that has a 30 amp RV hookup. On the other side of the yard there is an 8x10 storage shed. This home has it all--beauty & practicality--it has additional foam insulation, energy efficient windows & storm doors. And an added feature are the plantation shutter

Investor Tools

Property Icon
$228,000
Estimated Property Value
$167,000Estimated Mortgage Balance
$79,029Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,919
$222,931
2025
$25,097
$197,834
$222,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,919
$222,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$167,000
No
First
Oct 20, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,971
$79,029
34%
65%
$1,002/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,002/mo
+$548/mo
8.2%

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.

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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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8608 Geneva Ave | Property Details | No Agent List