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$159,000

NAL Estimated Property Value

9002 Ave Q, Lubbock, TX, 79423

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,309 Sq Ft
price_per_sqft$122.23 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Free-Standing Electric Range, Free-Standing Range
FlooringVinyl

Exterior

Lot Size39,640 sqft

Building Information

Year Built1965
Garage Spaces2

Land Information

APNR54492
SubdivisionFairview Acres
Land UseResidential
Legal DescriptionFAIRVIEW ACS BLK 14 NE141.25'X 280
Census Tract010506
Assessed Land Value$12,740
Assessed Improvement Value$122,398
Assessment Year2025

About this property

Welcome to this beautifully updated 2-bedroom, 1-bathroom home nestled on just under an acre of land! This home has undergone a complete transformation which includes new fixtures, granite countertops, new roof, new windows, new plumbing, new garage doors, and new vinyl plank flooring that seamlessly spans the entire living space. This property also offers a separate power meter and septic. The possibilities are endless! Don't miss the chance to make this your new home sweet home, call to schedule your showing today!

Investor Tools

Property Icon
$159,000
Estimated Property Value
$106,784Estimated Mortgage Balance
$52,216Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,625
$135,138
2025
$12,740
$122,398
$135,138
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,625
$135,138

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Open End Mortgage / Open End With Future Advance Clause
$113,000
No
First
May 1, 2023
May 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,784
$52,216
32%
67%
$678/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,110/mo
$678/mo
+$432/mo
8.4%

City: Lubbock

9002 Ave Q | Property Details | No Agent List