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$137,000

2216 2nd Pl, Lubbock, TX, 79415

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,146 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.55 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Electric Range, Refrigerator, Washer
FlooringLaminate, Tile

Exterior

Exterior FeaturesOther
Lot Size6,286 sqft

Building Information

Year Built2004
Roof Type105
Garage Spaces1

Land Information

APNR103592
Lot Number23
SubdivisionPerkins
Land UseResidential
Legal DescriptionPERKINS BLK 2 L 23
Census Tract000202
Assessed Land Value$1,478
Assessed Improvement Value$148,049
Assessment Year2025

About this property

or sale all-brick 2004 3/2/1 house in great condition, new roof and paint. Located in a quite family neighborhood within a 15 minute walk to TTU and Tech stadium with a $1,700/mo rental history. Features: - Class 3 roof installed October 2026 (includes a transferrable 5 year labor warranty and a premium-reducing insurance class form). - Exterior and interior painting, plus updated fixtures. Home facts: - 1,146 sq ft living area, 273 sq ft garage. Land size 6,263 sq ft. Built in 2004. - 3 bedrooms, 2 full bathrooms with walk-in showers, 1 car garage (uncovered driveway fits an additional 2 cars), fenced front and backyard with a firepit, partially zero-scaped with a rock-path all along the home leading out to the back alley. - Master bedroom has 2 windows and a large walk-in closet, the other 2 bedrooms each have a window and an extra-wide closet. - Broom closet and a utility closet with included washer/dryer. - Ceramic tile flooring in common areas, kitchen and bathrooms. Laminate flooring in all 3 bedrooms. No carpets or vinyl. - Central heating A/C, furnace is natural gas (original, works great). - 50 gal natural gas water heater (installed 2017, works great). - High-plain area, not in a flood zone. - Appraised at $156,426 by the Lubbock Central Appraisal District. Energy efficiency (occupancy of 3 adults): - 4 large north-facing windows and great insulation. - $45/mo electricity (12 month averaged monthly usage). - $36/mo natural gas (12 month averaged monthly usage). Included: - Appliances: Kenmore washer & electric dryer, Whirlpool 30" french-door refrigerator 19.7 cu. ft, Whirlpool 4.8cu. ft electric range with a filtered circulating vent, dishwasher not included but there is space/hook-up for it. - Furniture: 3 heavy duty wire-mesh garage shelves, sleeper sofa, large L-shaped desk, 2 kitchen counter stools, plus misc shelving. - Decor: 3 large painting, small pictures, mirrors plus misc decor. - Misc: vacuum, steam-mop, lots of garden implements with a storage rack, a bin full of extras (keys, locks, plumbing, electrical and other home essentials) and gallons of matching exterior and interior paint.

Investor Tools

$0Estimated Mortgage Balance
$130,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$822 /month
Positive
Cash Flow Estimate:
$274 /month

Interested in this property?

Joe Iley

Mission Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$136/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$987
$109,369
2025
$1,478
$148,049
$149,527
No

Tax History

Year
Tax Paid
Assessed Value
2025
$987
$109,369

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$130,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,480/mo
N/A
+$1,480/mo
13.7%

City: Lubbock