2108 Main StLubbockTX79401
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
Total monthly income runs $1,118/mo, and a $1,051/mo payment. Purchase price stands at $214,700, and rental yield measures 6.25% with $1,118/mo rent. Return on cash invested shows 13.01% in year one, and 5% annual appreciation builds toward $59,318 over five years. Five-year ROI reaches 67.16% and total cumulative return in cash records $47,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $1,051/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Flenniken • Kim & Company, REALTORS
Mls Name: LBMLS
Mls Provider:
Mls ID: #202557589
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.