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$402,000

NAL Estimated Property Value

9303 Miami Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,457 Sq Ft
price_per_sqft$122.94 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Disposal, Double Oven, Dishwasher, Microwave
FlooringCarpet, Tile

Exterior

Lot Size8,800 sqft

Building Information

Year Built1987
Roof Type114
Garage Spaces2

Land Information

APNR66192
Lot Number2630
SubdivisionKings Gate
Land UseResidential
Legal DescriptionKINGS GATE L 263
Census Tract010504
Assessed Land Value$30,000
Assessed Improvement Value$307,117
Assessment Year2025

About this property

Kingsgate at its finest! This BEUTIFUL two story home is locataed just steps away from Charles A. Guy park. The breathtaking yard with craftful landscaping and mature trees is just the beginning of what makes this home amazing. Featuring two living areas, a double-sided fireplace and two dining areas, this home is great for entertaining. The gas range, double ovens, large island and specially designed kitchen storage make this kitchen a chef's dream. The isolated master bedroom has a large bathroom, added closet storage and a private entrance to the wonderful screened in porch, not included in sq footage. The additional downstairs room does not have a closet, but has a full bathroom, making this a perfect office or guest room. Each upstairs room has its own bathroom, one featuring double sinks and a dressing counter. The downstairs half-bath is fully remodeled & beautiful! Wait until you lay eyes on this backyard area, it will have you swooning. Don't miss this GEM!

Investor Tools

Property Icon
$402,000
Estimated Property Value
$376,042Estimated Mortgage Balance
$25,958Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$644/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,717
$337,117
2025
$30,000
$307,117
$337,117
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,717
$337,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American State Bank
Unknown
$585,000
No
First
Apr 15, 2011
Apr 2012

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,042
$25,958
6%
94%
$3,508/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$3,508/mo
$-1,688/mo
5.4%

City: Lubbock

9303 Miami Ave | Property Details | No Agent List