11203 Granby AveLubbockTX79424
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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 11203 Granby Ave, Lubbock, TX, 79424 priced at $448,850 pairs $2,040/mo rent with after a $2,197/mo payment. Total monthly income equals $2,040/mo. Return on cash invested is 10.42% in year one, and rental yield stands at 5.45% on a $448,850 basis. Equity gained on principal adds $2,896/yr, and 5% annual appreciation accumulates to $124,009 by year five. Five-year ROI measures 53.25% and total cumulative return in cash reaches $79,229. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $2,197/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
6,555 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79424, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,278 (100%) |
| Owner Occupied HU | 16,106 (66.3%) |
| Renter Occupied HU | 6,693 (27.6%) |
| Vacant Housing Units | 1,479 ( 6.1%) |
| Median Home Value | $289,463 |
| Average Home Value | $348,962 |
Housing Distribution
Address Breakdown
Residential
24,084
Single Family
19,900
Multi-Family
4,184
Businesses
1,756
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Listed by: Jen L. Benavidez • Reside Real Estate Co.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411786
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.