11400 Chicago Ave #KQP1EHLubbockTX79424
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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
Investment property for sale in Lubbock at 11400 Chicago Ave #KQP1EH, Lubbock, TX, 79424 uses $88,941 cash to close to unlock $6,135/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $2,419/mo, and a $1,313/mo payment keeps the spread at $511/mo. Purchase price stands at $268,300, and rental yield measures 10.82% with $2,419/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $74,126 over five years. Five-year ROI reaches 141.08% and total cumulative return in cash records $125,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,419/mo property income covering a $1,313/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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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