$169,000
2005 22nd St, Lubbock, TX, 79411
On Market
Just Added
Property Lead Type:
Absentee Owner
Highlights
Interior
Exterior
Exterior FeaturesNone
Lot Size7,112 sqft
Building Information
Year Built1940
Roof Type105
Land Information
APNR109361
Lot Number3
SubdivisionMccrummen 2nd
Land UseResidential
Legal DescriptionMCCRUMMEN 2ND BLK 12 L 3
Census Tract001402
Assessed Land Value$25,000
Assessed Improvement Value$82,709
Assessment Year2025
About this property
Investment opportunity near Lubbock High School, Texas Tech University, and the Medical District. Front unit featuring 3 bedrooms, 1 bathroom with spacious backyard with new fencing and detached carport with side door access. Granite countertops, vinyl plank flooring, and more. Rear unit featuring a roomy 1 bedroom, 1 bathroom with separate rear parking and unit access. Main house currently leased.
Investor Tools
$146,656Estimated Mortgage Balance
$5,344Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,014 /month
Positive
Cash Flow Estimate:
$338 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,906
$107,709
2025
$25,000
$82,709
$107,709
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,906
$107,709
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lone Oak Bank Na
Purchase Money Mortgage
$156,000
No
First
Jun 13, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$146,656
$5,344
3%
96%
$936/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$936/mo
+$736/mo
13.2%
