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$161,000

NAL Estimated Property Value

9206 Elgin Ave, Lubbock, TX, 79423

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,536 Sq Ft
price_per_sqft$105.79 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size8,231 sqft

Building Information

Year Built1979
Roof Type105

Land Information

APNR111302
Lot Number2640
SubdivisionUniversity Pines
Land UseResidential
Legal DescriptionUNIVERSITY PINES L 264
Census Tract010505
Assessed Land Value$3,500
Assessed Improvement Value$137,669
Assessment Year2025

About this property

DUPLEX...Priced to Sell in South Lubbock! Unit A is Vacant...Two Bedroom, One Bath Featuring a Spacious Living Area with Fireplace Open to Kitchen, Fresh Paint and New Carpet, 2023; New Duct Work was Completed in 2023; Perfect Opportunity to Live in This Side and use Side B as a Rental Unit- Long-Term Tenant in Side B @ $595 per month...Same Floorplan...Two Bedroom, One Bath with Spacious Living Area Open to Kitchen, New Water Heater in 2023- Attached Carport with Storage- New Roof 2018- Each Unit has a Small Fenced Backyard- Solid Investment Opportunity!

Investor Tools

Property Icon
$161,000
Estimated Property Value
$131,742Estimated Mortgage Balance
$29,258Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$975 /month
Positive
Cash Flow Estimate:
$325 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,564
$141,169
2025
$3,500
$137,669
$141,169
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,564
$141,169

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Conventional
$135,000
No
First
Oct 27, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,742
$29,258
18%
82%
$968/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$968/mo
+$852/mo
13.6%

City: Lubbock

9206 Elgin Ave | Property Details | No Agent List