1920 16th StLubbockTX79401
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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 1920 16th St, Lubbock, TX, 79401 earns $274/mo cash flow from $2,940/mo rent with a $1,835/mo payment. Total monthly income totals $2,940/mo, and annual cash flow totals $3,285/yr on $124,313 capital. ROI tracks 22.55% on current figures, and rental yield reads 9.41% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 118.22% and total cumulative return in cash sums $146,967. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,940/mo property income instead of your personal income.
Single Family
Built in 2018
6,372 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
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Listed by: Sam Riddle • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202408019
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.