1924 23rd 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 1924 23rd St, Lubbock, TX, 79411 generates $1,211/mo in rent and, after a $502/mo payment, leaves $482/mo in cash flow. Total monthly income is $1,211/mo, and annual cash flow is $5,778/yr on $34,016 invested. Return on cash invested sits at 36.9% in year one, and rental yield is 14.16% on a $102,612 entry. Equity gained on principal adds $662/yr, while 5% annual appreciation builds toward $28,350 over five years. Five-year ROI reaches 195.21% and total cumulative return in cash sums $66,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,211/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,564 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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