2002 64th 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 2002 64th St, Lubbock, TX, 79412 offers a 20.53% rental yield on a $105,905 purchase with $1,812/mo rent. Total monthly income registers $1,812/mo, and a $518/mo payment leaves $1,059/mo available for distribution. Annual cash flow reaches $12,711/yr on $35,108 to close, and return on cash invested stands at 56.11% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,260 over five years. Portfolio math shows five-year ROI at 298.29% and total cumulative return in cash at $104,722. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,812/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,857 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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