1608 29th StLubbockTX79411
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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 1608 29th St, Lubbock, TX, 79411 generates $1,216/mo in rent and, after a $587/mo payment, leaves $363/mo in cash flow. Total monthly income is $1,216/mo, and annual cash flow is $4,356/yr on $39,780 invested. Return on cash invested sits at 30.86% in year one, and rental yield is 12.16% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 162.76% and total cumulative return in cash sums $64,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,216/mo property income rather than buyer’s personal income.
Multi Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79411, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 945 (27.2%) |
| Renter Occupied HU | 1,880 (54.0%) |
| Vacant Housing Units | 654 (18.8%) |
| Median Home Value | $137,262 |
| Average Home Value | $164,770 |
Housing Distribution
Address Breakdown
Residential
2,785
Single Family
2,762
Multi-Family
23
Businesses
230
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Listed by: Cy Valdez • Reside Real Estate Co.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553325
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.