2119 Main St UNIT 5LubbockTX79401
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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 2119 Main St UNIT 5, Lubbock, TX, 79401 at $279,000 posts ROI 32.74% with $989/mo cash flow from $3,358/mo rent. Total monthly income equals $3,358/mo, and annual cash flow records $11,868/yr on $92,489 to close. Return on cash invested measures 32.74% and rental yield reads 14.44% at the current $279,000. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 by year five. Five-year ROI prints 174.72% and total cumulative return in cash totals $161,599.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,358/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2005
2,077 sqft lot
$N/A/sqft
$3,900 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: Clay Enger • Coldwell Banker Trusted Adviso
Mls Name: LBMLS
Mls Provider:
Mls ID: #202408476
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.