2005 69th 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 2005 69th St, Lubbock, TX, 79412 uses $69,151 cash to close to unlock $2,731/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,711/mo, and a $1,021/mo payment keeps the spread at $228/mo. Purchase price stands at $208,600, and rental yield measures 9.84% with $1,711/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $57,632 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash records $86,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,711/mo property income covering a $1,021/mo payment rather than investor’s personal income.
Single Family
Built in 1963
8,001 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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