1308 84th StLubbockTX79423
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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 84th St, Lubbock, TX, 79423 uses $62,654 cash to close to unlock $973/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $1,425/mo, and a $925/mo payment keeps the spread at $81/mo. Purchase price stands at $189,000, and rental yield measures 9.05% with $1,425/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 112.44% and total cumulative return in cash records $70,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,425/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
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Listed by: Renee Burgett • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552411
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.