2102 Main StLubbockTX79401
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 2102 Main St, Lubbock, TX, 79401 in Lubbock is a conservative rental investment at $215,000. Rental yield 6.24%. A 1.16 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $59,401; $1,980/yr in principal paydown supplements. Total projected return: $40,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.8% |
| Monthly Cash Flow | $(671) | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,118 |
| Total Monthly Debt Service | $1,703 |
| DSCR Ratio | 0.66x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
1,742 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79401, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,519 (100%) |
| Owner Occupied HU | 395 ( 8.7%) |
| Renter Occupied HU | 3,286 (72.7%) |
| Vacant Housing Units | 838 (18.5%) |
| Median Home Value | $155,000 |
| Average Home Value | $238,885 |
Housing Distribution
Address Breakdown
Residential
2,394
Single Family
1,605
Multi-Family
789
Businesses
854
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
Condo
Built in 2008
1,742 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79401, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,519 (100%) |
| Owner Occupied HU | 395 ( 8.7%) |
| Renter Occupied HU | 3,286 (72.7%) |
| Vacant Housing Units | 838 (18.5%) |
| Median Home Value | $155,000 |
| Average Home Value | $238,885 |
Housing Distribution
Address Breakdown
Residential
2,394
Single Family
1,605
Multi-Family
789
Businesses
854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Broadus • McDougal, REALTORS
Mls Name: LBMLS
Mls Provider:
Mls ID: #202550462
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.