2112 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
Rental property for sale in Lubbock at 2112 Main St, Lubbock, TX, 79401 priced at $210,000 converts $1,118/mo rent into after a $1,028/mo obligation. Total monthly income equals $1,118/mo. Return on cash invested prints 8.95% in year one, and rental yield reads 6.39% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 46.98% and total cumulative return in cash sums $32,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,118/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Condo
Built in 2007
1,742 sqft lot
$N/A/sqft
$3,120 annually 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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Listed by: Rania Zeitouni • WestMark Companies
Mls Name: LBMLS
Mls Provider:
Mls ID: #202501612
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.