About This Home
This 3-bedroom, 1-bathroom single family at 6120 Avenue R in Lubbock, TX is listed for $95,000 ($66 per sqft). Built in 1953, the home offers 1,436 sqft of living space on a 0.18 acres lot.
Key Features
- Built in 1953
- 0.18 acre lot
Property Details
Amenities
Welcome to 6120 Ave R - a strong opportunity for both investors and buyers looking for value in an established Lubbock neighborhood. This property is currently tenant-occupied and generating $1,250/month in rental income, which is above typical rent for the area-offering immediate cash flow from day one.
Even more attractive, it's priced at approximately 77% of its estimated market value, giving you built-in equity and long-term upside. Situated in the Bayless Atkins area, this home benefits from its central location with easy access to schools, parks, shopping, and major roadways.
It's a consistent rental pocket with steady demand, making it a reliable choice for investors. For investors, this is a turnkey rental with strong performance already in place. For future homeowners, this could be a smart buy-step into a property with equity, collect income now, and plan for personal use down the road. Properties that offer cash flow + equity + location convenience are getting harder to find at this price point.
Monthly Cost Estimate
$508/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6120 Avenue R
Lubbock, TX 79412
Property Details
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 6120 Avenue R is listed at $95,000 ($66/sqft). The estimated monthly payment is $508 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1953, 0.18 acre lot.
This property is listed by Felicia Estrada and can be reached at 2102741825.
