1616 N Dover 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 1616 N Dover Ave, Lubbock, TX, 79416 priced at $221,935 pairs $1,800/mo rent with $222/mo cash flow after a $1,086/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $2,664/yr on $73,571 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 9.73% on a $221,935 basis. Equity gained on principal adds $1,432/yr, and 5% annual appreciation accumulates to $61,317 by year five. Five-year ROI measures 123.55% and total cumulative return in cash reaches $90,895. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,086/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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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