2116 15th 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
Total monthly income runs $1,070/mo, and a $2,447/mo payment. Purchase price stands at $500,000, and rental yield measures 2.57% with $1,070/mo rent. Return on cash invested shows 1.92% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 7.56% and total cumulative return in cash records $12,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,070/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Multi Family
Built in 1928
8,607 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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