1937 66th 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 1937 66th St, Lubbock, TX, 79412 uses $41,438 cash to close to unlock $3,534/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,258/mo, and a $612/mo payment keeps the spread at $295/mo. Purchase price stands at $125,000, and rental yield measures 12.08% with $1,258/mo rent. Return on cash invested shows 28.44% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 150.66% and total cumulative return in cash records $62,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,258/mo property income covering a $612/mo payment rather than investor’s personal income.
Multi Family
Built in 1965
8,276 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: Tomas Rodriguez • Southern Magnolia Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553422
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.