2012 42nd StLubbockTX79412
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2012 42nd St, Lubbock, TX, 79412 uses $42,101 cash to close to unlock $1,806/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $622/mo payment keeps the spread at $150/mo. Purchase price stands at $127,000, and rental yield measures 9.96% with $1,054/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 127.12% and total cumulative return in cash records $53,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices