1516 E 13th StLubbockTX79403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1516 E 13th St, Lubbock, TX, 79403 offers a 14% rental yield on a $115,700 purchase with $1,350/mo rent. Total monthly income registers $1,350/mo, and a $566/mo payment leaves $528/mo available for distribution. Annual cash flow reaches $6,330/yr on $38,355 to close, and return on cash invested stands at 36.41% in year one. Equity gained on principal adds $747/yr while 5% annual appreciation supports $31,966 over five years. Portfolio math shows five-year ROI at 192.61% and total cumulative return in cash at $73,873. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,350/mo property income against a $566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79403, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,498 (100%) |
| Owner Occupied HU | 4,117 (54.9%) |
| Renter Occupied HU | 2,411 (32.2%) |
| Vacant Housing Units | 970 (12.9%) |
| Median Home Value | $84,502 |
| Average Home Value | $161,874 |
Housing Distribution
Address Breakdown
Residential
6,443
Single Family
5,977
Multi-Family
466
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices