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$80,000

3217 Baylor St, Lubbock, TX, 79415

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.89 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling

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

Interested in this property?

Mark Murray

Reside Real Estate Co.

ContactContact

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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%

City: Lubbock