1206 N Essex 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 1206 N Essex Ave, Lubbock, TX, 79416 priced at $214,900 converts $1,713/mo rent into $185/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,713/mo, and annual cash flow totals $2,216/yr on $71,239 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 9.57% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 120.75% and total cumulative return in cash sums $86,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,713/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 2022
1,306 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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