$80,000
3217 Baylor St, Lubbock, TX, 79415
On Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Exterior
Exterior FeaturesOther
Lot Size6,500 sqft
Building Information
Year Built1939
Roof Type114
Land Information
APNR25650
Lot Number9
SubdivisionMcmillan Heights
Land UseResidential
Legal DescriptionMCMILLAN HTS BLK 5 L 9
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$44,950
Assessment Year2025
About this property
Loudermark Rentals represents a methodically assembled portfolio of 25 properties — 35 total rentable doors — across Lubbock, Texas. Every unit is currently rented and cash-flowing. These are well-maintained, tenant-occupied homes and units with established rental histories in a supply-constrained secondary market. This is not a collection of distressed assets or a value-add project in search of an operator: it is a stabilized, professionally managed portfolio ready to transfer income on day one, offered at $4,200,000.
Investor Tools
$0Estimated Mortgage Balance
$76,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$480 /month
Positive
Cash Flow Estimate:
$160 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,070
$60,450
2025
$15,500
$44,950
$60,450
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,070
$60,450
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$76,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
N/A
+$1,017/mo
16.1%
