2118 16th 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
Investment property for sale in Lubbock at 2118 16th St, Lubbock, TX, 79401 listed at $115,419 pairs $1,160/mo rent with a $565/mo payment to leave $324/mo cash flow. Total monthly income runs $1,160/mo, and annual cash flow reaches $3,890/yr on $38,261 cash to close. Return on cash invested measures 30.08% in year one, and rental yield registers 12.06% at a $115,419 basis. Equity gained on principal adds $745/yr, and annual property appreciation at 5% supports $31,888 by year five. Five-year ROI tracks 158.88% and total cumulative return in cash totals $60,789. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,160/mo property income relative to a $565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,372 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