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$257,000

NAL Estimated Property Value

8704 Joliet Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,140 Sq Ft
price_per_sqft$102.76 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size7,150 sqft

Building Information

Year Built1978
Roof Type114
Garage Spaces2

Land Information

APNR83021
Lot Number2520
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 252
Census Tract010504
Assessed Land Value$10,400
Assessed Improvement Value$222,276
Assessment Year2025

About this property

SPACIOUS 3-Bedroom, 2-Bathroom Home With 2 Living Areas! Located in a charming neighborhood, you will appreciate the space this well-maintained home offers. The spacious living room features vaulted ceiling & corner fireplace. Kitchen offers updated countertops, breakfast bar & abundant storage. 2nd living area would make a great kids room, media room or home office. Large isolated master suite provides a connected small office plus an en-suite bathroom with large walk-in closet. Secondary bedrooms offer built-in desks & good storage. Updates include: exterior stucco, windows, custom blinds, utility room floor tile, driveway, sidewalk & backyard sod. Conveniently located in south central Lubbock!

Investor Tools

Property Icon
$257,000
Estimated Property Value
$186,548Estimated Mortgage Balance
$70,452Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,575
$232,676
2025
$10,400
$222,276
$232,676
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,575
$232,676

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$206,250
No
First
May 13, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,548
$70,452
27%
73%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,237/mo
+$313/mo
7.2%

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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8704 Joliet Ave | Property Details | No Agent List