$225,000
5610 88th St, Lubbock, TX, 79424
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Exterior
Exterior FeaturesOther
Lot Size6,510 sqft
Building Information
Year Built1985
Roof Type105
Garage Spaces2
Land Information
APNR135582
Lot Number590
SubdivisionChaparral The
Land UseResidential
Legal DescriptionCHAPARRAL THE L 59
Census Tract010409
Assessed Land Value$18,600
Assessed Improvement Value$205,205
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
$238,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,428 /month
Positive
Cash Flow Estimate:
$476 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,960
$223,805
2025
$18,600
$205,205
$223,805
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,960
$223,805
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$238,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
7.3%
