118 N Vicksburg AveLubbockTX79416
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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 118 N Vicksburg Ave, Lubbock, TX, 79416 offers $1,831/mo rent that, after a $1,493/mo payment. Total monthly income is $1,831/mo. Return on cash invested measures 15.9% in year one, and rental yield stands at 7.2% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 82.52% and total cumulative return in cash reaches $83,434. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,831/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
No 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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