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Days38Days on Market
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$149,999

8705 Vernon Ave, Lubbock, TX, 79423

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths921 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.87 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Free-Standing Electric Range, Refrigerator, Washer
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size5,504 sqft

Building Information

Year Built1991
Roof Type114
Garage Spaces1

Land Information

APNR84423
Lot Number220
SubdivisionPrairie Point East
Land UseResidential
Legal DescriptionPRAIRIE POINT EAST L 22
Census Tract010506
Assessed Land Value$21,000
Assessed Improvement Value$101,986
Assessment Year2025

About this property

Fully furnished and ready for occupancy!! This home has operated as a successful short term rental for 3+ years. Remodeled and updated, this would be a great addition to an investment portfolio or a great first time home or housing for students. 2 bedrooms and 1 bath with carpet being 3 years old. All appliances (fridge, washer & dryer ) included. Spacious outdoor space with hot tub under the covered patio. The garage has AC ventilation and insulated garage door. Could easily be converted to another bedroom or living space if needed. Storm shelter is on the back patio. Fully furnished including lawn care equipment, cleaning supplies, decor, toiletries, linens and cooking utensils--EVERYTHING!!!

Investor Tools

Property Icon
$127,000
Estimated Property Value
$0Estimated Mortgage Balance
$127,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

Interested in this property?

Renee Burgett

Exit Realty of Lubbock

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$109/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$676
$114,455
2025
$21,000
$101,986
$122,986
No

Tax History

Year
Tax Paid
Assessed Value
2025
$676
$114,455

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$127,000
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
14.6%

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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8705 Vernon Ave | Property Details | No Agent List