$229,950
5731 89th St, Lubbock, TX, 79424
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesCooktop, Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Range, Stainless Steel Appliance(s)
FlooringCarpet, Ceramic Tile, Laminate
Exterior
Exterior FeaturesDog Run
Lot Size6,906 sqft
Building Information
Year Built1983
Roof Type105
Garage Spaces2
Land Information
APNR64704
Lot Number10670
SubdivisionThe Meadows
Land UseResidential
Legal DescriptionTHE MEADOWS L 1067
Census Tract010409
Assessed Land Value$18,525
Assessed Improvement Value$211,646
Assessment Year2025
About this property
This home sets on a cul-de-sac. Enjoy the tranquility of the front porch. The living room is large and has a beamed cathedral ceiling and a gas fireplace. The kitchen is light & bright with stainless steel appliances and sink, metal backsplash, gas stove, loads of cabinet/counter space and a preachers cabinet. Relax in the isolated main bedroom. The other 2 bedrooms are spacious. The back yard has a covered patio, concrete footing under the entire fence, and a dog run. It also has a new roof (Aug. 2026).
Investor Tools
$57,360Estimated Mortgage Balance
$172,811Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,381 /month
Positive
Cash Flow Estimate:
$460 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,073
$230,171
2025
$18,525
$211,646
$230,171
No
Tax History
Year
Tax Paid
Assessed Value
2025
$4,073
$230,171
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Of Commerce
Unknown
$89,600
No
First
Aug 9, 2011
Aug 2014
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,360
$172,811
75%
25%
$538/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$538/mo
+$902/mo
7.5%
