2117 Glenna Goodacre BlvdLubbockTX79401
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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 2117 Glenna Goodacre Blvd, Lubbock, TX, 79401 listed at $499,800 pairs $3,750/mo rent with a $2,446/mo payment to leave $152/mo cash flow. Total monthly income runs $3,750/mo, and annual cash flow reaches $1,824/yr on $165,684 cash to close. Return on cash invested measures 21.01% in year one, and rental yield registers 9% at a $499,800 basis. Equity gained on principal adds $3,225/yr, and annual property appreciation at 5% supports $138,086 by year five. Five-year ROI tracks 110.06% and total cumulative return in cash totals $182,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,750/mo property income relative to a $2,446/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
5,227 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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Listed by: Kristen Wright • Wright Realty and Design
Mls Name: LBMLS
Mls Provider:
Mls ID: #202557053
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.