1308 61st StLubbockTX79412
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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 1308 61st St, Lubbock, TX, 79412 earns $198/mo cash flow from $1,108/mo rent with a $627/mo payment. Total monthly income totals $1,108/mo, and annual cash flow totals $2,379/yr on $42,432 capital. ROI tracks 25.52% on current figures, and rental yield reads 10.39% at a $128,000 purchase. Equity gained on principal adds $826/yr, and 5% annual appreciation supports $35,364 over five years. Five-year ROI reaches 134.19% and total cumulative return in cash sums $56,939. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,108/mo property income instead of your personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79412, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,222 (100%) |
| Owner Occupied HU | 2,625 (42.2%) |
| Renter Occupied HU | 2,944 (47.3%) |
| Vacant Housing Units | 653 (10.5%) |
| Median Home Value | $113,395 |
| Average Home Value | $152,337 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,388
Multi-Family
465
Businesses
326
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Listed by: Garrett Kligora • Focus Realty Advisors, Inc.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202415320
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.