1508 Avenue LLubbockTX79401
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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 1508 Avenue L, Lubbock, TX, 79401 priced at $210,000 pairs $1,499/mo rent with $6/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,499/mo, and annual cash flow comes to $66/yr on $69,615 invested. Return on cash invested is 20% in year one, and rental yield stands at 8.57% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 104.59% and total cumulative return in cash reaches $72,808. For financing, Ziffy Mortgage’s DSCR program evaluates $1,499/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1928
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79401, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,519 (100%) |
| Owner Occupied HU | 395 ( 8.7%) |
| Renter Occupied HU | 3,286 (72.7%) |
| Vacant Housing Units | 838 (18.5%) |
| Median Home Value | $155,000 |
| Average Home Value | $238,885 |
Housing Distribution
Address Breakdown
Residential
2,394
Single Family
1,605
Multi-Family
789
Businesses
854
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Listed by: Dennis Carrizales • Coldwell Banker Trusted Adviso
Mls Name: LBMLS
Mls Provider:
Mls ID: #202200042
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.