2106 Main StLubbockTX79401
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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 2106 Main St, Lubbock, TX, 79401 uses $78,731 cash to close to unlock $546/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $1,734/mo, and a $1,162/mo payment keeps the spread at $46/mo. Purchase price stands at $237,500, and rental yield measures 8.76% with $1,734/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 107.82% and total cumulative return in cash records $84,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,734/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,742 sqft lot
$N/A/sqft
No 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
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