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$394,000

NAL Estimated Property Value

9306 Miami Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.5 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Water Heater
FlooringCarpet, Concrete, Hardwood

Exterior

Private PoolPrivate Pool
Lot Size9,570 sqft

Building Information

Year Built1987
Roof Type114
Garage Spaces3

Land Information

APNR65219
Lot Number2320
SubdivisionKings Gate
Land UseResidential
Legal DescriptionKINGS GATE L 232
Census Tract010504
Assessed Land Value$30,000
Assessed Improvement Value$336,000
Assessment Year2025

About this property

Location Location Location! Nestled in the popular Kings Gate neighborhood, 3 houses down from Charles Guy Park, this home has it all! 4/3/3 with a basement and a pool. Open living area with a formal dining room, plus a breakfast nook in the kitchen. Good sized bedrooms with one being an en-suite with it's own bathroom. The master bathroom has his and her closets, double sinks and a new heat regenerating bathtub. Enjoy the basement as a theater room or as shelter from West Texas storms. As you make your way out through the sunroom, you will find an entertainers dream back yard. Beautiful heated pool with new pool equipment and an in ground hot tub and a pergola. Other amazing amenities include 2 HVAC units, 2 water heaters (1 is 75 gallons), new 7ft privacy fence, remote fireplace, new dishwasher and kitchen faucet, sprinkler system with bluetooth wifi, outdoor outlet/hookup for a hot tub, storage room in the garage and a blue tuffshed. Don't miss this hidden gem!

Investor Tools

Property Icon
$394,000
Estimated Property Value
$357,885Estimated Mortgage Balance
$36,115Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,364 /month
Positive
Cash Flow Estimate:
$788 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$704/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,480
$366,000
2025
$30,000
$336,000
$366,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,480
$366,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$384,750
No
First
Aug 24, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,885
$36,115
9%
91%
$2,307/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$2,307/mo
$-487/mo
5.5%

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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9306 Miami Ave | Property Details | No Agent List