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Owner FinancedNo Credit Check

Home in Lubbock , TX

$1,300,000
Address undisclosed, Lubbock, Texas 79401
0
Bedrooms
0
Bathrooms
0
Sq Ft
1957
Year Built
Contact for Details
Monthly Payment

About This Property

OFF-MARKET | TEXAS | 175-Door Single-Family Rental Portfolio | 9% CAP | Value-Add | Creative ➕ Extremely rare opportunity to acquire a stabilized 175-door SFR rental portfolio in Lubbock, TX with major value-add potential and flexible creative financing options. This portfolio is professionally managed, 90% occupied, delivering $1.097M NOI with immediate upside through rent increases (currently ±20% below market). Highlights: • 175 Doors (150 SFRs + additional units) • 9% CAP on actuals • 2025 Projections: $1.795M GI – Contact for details Exp = $1.097M NOI • Stabilized & Turnkey: Long-standing property management in place • Value-Add Upside: Improve operations + increase rents • Tax Advantages: Strong depreciation + bonus depreciation benefits • FSBO Bonus: Contact for details to anyone who brings buyer to closing Creative Financing Structure: • Hybrid Deal Structure • $9.6M Loan at 7.48% (≈ $63K/mo) • $1.2M Seller Carry 2nd at 3% (≈ Contact for details/mo) • Multiple down-payment structures: – 10% down = 18% cash-on-cash return – 20% down = 10% cash-on-cash return – LLC purchase option + assumable debt available Price: $12,000,000 + fee Requirements: POF required for full financials Serious investors only. This is one of Texas’ strongest turnkey portfolio plays with built-in upside and flexible financing options.

Features & Highlights

Creative Listing
Subject-To
Seller Financing
Hybrid
Low Entry Fee

Financing Details

Down Payment
Contact for Details
Monthly Payment
Contact for Details
Financing Type
Subject To
Credit Check
None Required

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