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$387,000

NAL Estimated Property Value

9709 Memphis Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,291 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$74.14 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave, Water Heater
FlooringCarpet, Laminate, Tile

Building Information

Year Built1988
Roof Type105
Garage Spaces2

Land Information

APNR98758
Lot Number7950
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 795
Census Tract010504
Assessed Land Value$12,800
Assessed Improvement Value$370,379
Assessment Year2025

About this property

Double doors grace the entrance of this lovely home. A large tiled entry on the interior leads to the living room, formal dining room and guest bedrooms. The second bedroom has a surprise walk-in closet that can also double as an office. The floors in the bedrooms, living room and formal dining room are laminate. The kitchen shows off the beautiful oak cabinetry, the recently reglazed countertops and breakfast bar. There are Phantom screens on the back door and garage allowing for cross ventilation. In the formal dining, there is a wall of lighted cabinets and special ceiling treatment. The 60 Samsung tv in the living room stays, as does the entertainment center, tv and components in the master bedroom. The basement offers a second living area. Be sure to notice the master bath with a large walk-in shower, two walk-in closets and a whirlpool tub. Retreat to the backyard where you will find low maintenance grounds, a covered patio with 3 skylights and a large workshop. Beautiful!

Investor Tools

Property Icon
$387,000
Estimated Property Value
$125,711Estimated Mortgage Balance
$261,289Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,322 /month
Positive
Cash Flow Estimate:
$774 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,558
$383,179
2025
$12,800
$370,379
$383,179
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,558
$383,179

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Conventional
$160,000
No
First
Apr 15, 2016
May 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,711
$261,289
67%
32%
$960/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$960/mo
+$590/mo
4.8%

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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9709 Memphis Ave | Property Details | No Agent List