$99,000 · LUBBOCK, TX 79416
Works for flippers · Works for landlords

Sold

$99,000Asking price

3 bd · 2 ba · 1,317 sq ft · built 1984

LUBBOCK, TX 79416

No contract on file

via InvestorLift Classic

Listed Sep 22

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $185,320
Asking price: −$99,000
RepairsMiddle of the seller’s $25,000 – $35,000. Ours: $14,500 – $30,000: −$30,000
Loan, holding, closing20% down, 12% interest, 2 points, 72 days: −$11,988
Profit23.9% of ARV · flippers want 10%+: $44,332
Works

Works for a flipper up to $123,000.

INTEGRITY HOMES TX LLC

Joshua Brackeen

No reviews yet

Comps

Sales

Rents

ARV $185,320

From the listing

The seller picked no comps. Investimate’s own value for this home is $199,000.

The sales behind this value are shown to members.

ARV $185,320

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

INTEGRITY HOMES TX LLC

Joshua Brackeen

No reviews yet

Seller Description

LUBBOCK 3/2 VALUE-ADD OPPORTUNITY

Occupied 3-bedroom, 2-bath single-family property with strong potential for a fix-and-flip, BRRRR, or long-term rental strategy.

Built in 1984, the property sits on a 7,020-square-foot lot and includes an attached 2-car garage and wood-burning fireplace. The property reportedly has no known major issues and requires a light renovation, with estimated repairs of approximately $25,000–$35,000.

INVESTMENT NUMBERS

Starting Price: $99,000
Buy It Now Price: $110,000
Estimated ARV: $185,320
Estimated Repairs: $25,000–$35,000
Estimated All-In Basis at Starting Price: $124,000–$134,000*
Potential Gross Project Spread at Starting Price: $51,320–$61,320*
Starting Price per Square Foot: Approximately $75**
Projected ARV per Square Foot: Approximately $141**

PROPERTY HIGHLIGHTS

3 bedrooms / 2 bathrooms
Approximately 1,317 square feet**
Built in 1984
7,020-square-foot lot
Single-family residence
Attached 2-car garage
Wood-burning fireplace
Light rehab
Seller reports no known major issues
Inspection report available
Near Northridge Elementary School
Convenient to United Supermarkets
Near Shadow Hills Golf Course
Potential Fix-and-Flip, BRRRR, or Rental opportunity

ACCESS AND SHOWINGS

The property is currently occupied. Do not visit the property, walk the grounds, or disturb the occupants without a confirmed appointment.

Buyers must speak with an Integrity Homes team member before the complete address and access information are released. Showings will be coordinated within an agreed one-hour arrival window.

A possible open house may be scheduled next week. Contact Joshua for the latest showing information.

Joshua Brackeen(806) 515-3575

Contact Joshua to request the inspection report, additional property information, or showing availability.

IMPORTANT INFORMATION

Property is offered as-is. Buyer and buyer’s representatives must independently inspect and verify the property’s condition, square footage, measurements, repair costs, ARV, market rent, taxes, title, school information, and all other details.

*All-in basis and gross project spread exclude financing, holding, closing, resale, commissions, taxes, and other transaction expenses. Figures are estimates and do not represent projected net profit.

**Price-per-square-foot calculations are based on the provided living area of 1,317 square feet and must be updated if the correct square footage is 1,820 square feet.