1609 60th StLubbockTX79412
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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 1609 60th St, Lubbock, TX, 79412 listed at $112,500 pairs $1,066/mo rent with a $551/mo payment to leave $250/mo cash flow. Total monthly income runs $1,066/mo, and annual cash flow reaches $2,996/yr on $37,294 cash to close. Return on cash invested measures 27.94% in year one, and rental yield registers 11.37% at a $112,500 basis. Equity gained on principal adds $726/yr, and annual property appreciation at 5% supports $31,082 by year five. Five-year ROI tracks 147.35% and total cumulative return in cash totals $54,952. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,066/mo property income relative to a $551/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79412, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,222 (100%) |
| Owner Occupied HU | 2,625 (42.2%) |
| Renter Occupied HU | 2,944 (47.3%) |
| Vacant Housing Units | 653 (10.5%) |
| Median Home Value | $113,395 |
| Average Home Value | $152,337 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,388
Multi-Family
465
Businesses
326
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Listed by: Susan Shakespeare • WestMark Companies
Mls Name: LBMLS
Mls Provider:
Mls ID: #202551582
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.