Off-Market Property at 1118 42nd St, Lubbock, TX, 79412

1118 42nd St, Lubbock, TX, 79412

$208,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $184 per day and long-term for an average of $1,248 per month, based on similar listings in the area. Estimated short-term cap rate of 6.2%. Discover a stunning new construction home priced well below Market Price appraisal with captivating curb appeal. This open concept gem features a kitchen/dining combo, granite countertops, and vinyl plank flooring. With 3 bedrooms, 2 bathrooms, and a backyard storm shelter, safety and comfort are paramount. Step onto the covered patio and enjoy the newly fenced backyard. Meticulous craftsmanship and thoughtful design create a modern living experience. Don't miss the chance to call this place home visit today and be enchanted by its undeniable allure.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1678
Bedrooms
3
Bathrooms
2
SQFT
1,461
Furnished
unknown
Year built
2023
Listing Status
Off Market
MLS
202400850

Short-term Rental Potential
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$27,828

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$142

Price/SQFT

Long-term Rental Potential
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$14,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,248/mo

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