1918 15th StLubbockTX79401
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 1918 15th St, Lubbock, TX, 79401 offers a 9.04% rental yield on a $165,000 purchase with $1,243/mo rent. Total monthly income registers $1,243/mo, and a $808/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $831/yr on $54,698 to close, and return on cash invested stands at 21.43% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 112.28% and total cumulative return in cash at $61,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,243/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices