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$169,000

2005 22nd St, Lubbock, TX, 79411

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.32 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling

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

Interested in this property?

Mackenzie Siler

ERA Newlin & Company

ContactContact

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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%

City: Lubbock

2005 22nd St | Property Details | No Agent List