2004 31st 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
Investment property for sale in Lubbock at 2004 31st St, Lubbock, TX, 79411 uses $38,089 cash to close to unlock $3,424/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,102/mo, and a $562/mo payment keeps the spread at $285/mo. Purchase price stands at $114,900, and rental yield measures 11.51% with $1,102/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 152.36% and total cumulative return in cash records $58,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,102/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,969 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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