10 Wilshire BlvdLubbockTX79416
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lubbock at 10 Wilshire Blvd, Lubbock, TX, 79416 priced at $384,900 pairs $2,803/mo rent with $10/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,803/mo, and annual cash flow comes to $115/yr on $127,594 invested. Return on cash invested is 20% in year one, and rental yield stands at 8.74% on a $384,900 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,341 by year five. Five-year ROI measures 104.74% and total cumulative return in cash reaches $133,647. For financing, Ziffy Mortgage’s DSCR program evaluates $2,803/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
4,159 sqft lot
$N/A/sqft
$675 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
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Listed by: Alicia Jameson • Michelle Kauffman Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202409652
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.