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$204,990

208 51st Street, Lubbock, TX, 79404

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,337 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.32 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,710 sqft

Building Information

Garage Spaces2

Land Information

APNR34154
Lot Number40
SubdivisionLyndale Acres
Land UseResidential
Legal DescriptionLYNDALE ACRES BLK 8 L 4
Census Tract002402
Assessed Land Value$12,500
Assessment Year2025

About this property

Welcome to Chapel Hill's newest build-to-rent community, where quality construction, modern design, and low-maintenance living come together. This brand-new home features 3 bedrooms, 2 bathrooms, and a 2-car garage with a thoughtfully designed open-concept floor plan built for today's lifestyle. The spacious living area flows seamlessly into the kitchen and dining spaces, creating the perfect setting for everyday living, entertaining, or relaxing at home. Contemporary finishes, energy-efficient features, and durable, high-quality materials were carefully selected to provide a home that is built to last while minimizing maintenance. Located with convenient access to Loop 289 and major thoroughfares, this home offers quick connections to Texas Tech University, University Medical Center, Covenant Health, shopping, dining, and everything Lubbock has to offer. Whether you're seeking a place to settle in for the long term or simply appreciate the benefits of new construction, Chapel Hill provides a comfortable, worry-free lifestyle in one of Lubbock's fastest-growing neighborhoods. Experience the difference of a purpose-built rental home designed with professional management, lasting quality, and everyday convenience in mind.

Investor Tools

$3,474,617Estimated Mortgage Balance
$110,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$48/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26
$12,500
2025
$12,500
N/A
$12,500
Yes (2017)

Tax History

Year
Tax Paid
Assessed Value
2025
$26
$12,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ignite Funding
Building Or Construction Loan
$3,500,000
No
First
Apr 2, 2026
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,474,617
N/A
0%
3159%
$20,985/mo

City: Lubbock

208 51st Street | Property Details | No Agent List