Off-Market Property at 8103 Topeka Ave, Lubbock, TX, 79424

8103 Topeka Ave, Lubbock, TX, 79424

$289,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $206 per day and long-term for an average of $1,821 per month, based on similar listings in the area. Estimated short-term cap rate of 3.6%. Estimated long-term cap rate of -0.9%. Located in the desirable Quaker Heights neighborhood, this charming 3-bedroom, 2-bathroom home offers an inviting open-concept layout that seamlessly merges comfort with functionality. Recently updated throughout, the house features new paint and flooring that provide a fresh, modern look. The welcoming hallway sets the tone with its clean lines and updated finishes. Step into the kitchen and you'll immediately notice the high-end granite countertops, custom cabinets, and new appliances, all complemented by new flooring. The kitchen opens up to the living area, facilitating easy interaction between these two central spaces. The living room is the heart of the home, featuring a beautiful fireplace and tall ceilings, and new vinyl flooring that adds a touch of elegance. This space is both cozy and expansive, along with the large backyard which is perfect for entertaining.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$150
Rental Policy
daily
Yearly Taxes
$4136
Bedrooms
3
Bathrooms
2
SQFT
1,903
Furnished
unknown
Year built
1976
Listing Status
Off Market
MLS
202409594

Short-term Rental Potential
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$34,812

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$151

Price/SQFT

Long-term Rental Potential
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$21,852

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,821/mo

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