1320 N Colton 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 1320 N Colton Ave, Lubbock, TX, 79416 priced at $204,830 converts $1,800/mo rent into $343/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $4,116/yr on $67,901 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 10.55% against a $204,830 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,591 by year five. Five-year ROI reaches 136.56% and total cumulative return in cash sums $92,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,662 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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Listed by: Hillary Martin • Avenue Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202560069
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.