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$515,000

4412 16th St, Lubbock, TX, 79416

$582,182 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.05 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Double Oven, Dishwasher, Microwave, Oven, Water Softener Owned

Exterior

Exterior FeaturesPrivate Entrance, Playground, Private Yard, Rain Gutters
Lot Size18,000 sqft

Building Information

Year Built1953
Roof Type105
Garage Spaces2

Land Information

APNR50759
Lot Number6
SubdivisionWest Gate Drive
Land UseResidential
Legal DescriptionWEST GATE DRIVE BLK 10 L 6
Census Tract000403
Assessed Land Value$80,000
Assessed Improvement Value$260,365
Assessment Year2026

About this property

Rare opportunity in the highly desired Rushland Park neighborhood! Situated on one of the larger lots in the area at just under half an acre, this beautifully maintained property offers a spacious 4-bedroom, 2-bath main home along with a separate 2-bedroom, 1-bath back house. The main home features updated hardwood floors, all new windows, a Class 4 roof, spacious bedrooms, lots of storage, and two large living areas, including one with a beautiful fireplace overlooking the backyard. The property is surrounded by mature trees and offers an incredible amount of outdoor space. The back house includes its own kitchen, private entrance, and separate yard, making it perfect for extended family, guests, or potential rental income. Conveniently located just minutes from Texas Tech, Covenant, and UMC, this unique property offers the perfect combination of space, flexibility, and location. Schedule your private showing today!

Investor Tools

$4,085Estimated Mortgage Balance
$415,915Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$582,182
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

Interested in this property?

Josh Lashaway

Williams & Company Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,808
$340,365
2026
$80,000
$260,365
$340,365
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,808
$340,365

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Edward Jones Mortgage Llc
Conventional
$55,698
No
First
Oct 26, 2012
Nov 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,085
$415,915
99%
1%
$340/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$340/mo
+$1,910/mo
6.4%

City: Lubbock

4412 16th St | Property Details | No Agent List