215 36th StLubbockTX79404
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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 215 36th St, Lubbock, TX, 79404 listed at $175,000 pairs $1,331/mo rent with a $857/mo payment to leave $86/mo cash flow. Total monthly income runs $1,331/mo, and annual cash flow reaches $1,033/yr on $58,013 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 9.13% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 113.7% and total cumulative return in cash totals $65,959. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,331/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2018
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79404, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 2,063 (49.4%) |
| Renter Occupied HU | 1,486 (35.6%) |
| Vacant Housing Units | 630 (15.1%) |
| Median Home Value | $85,163 |
| Average Home Value | $152,648 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,572
Multi-Family
147
Businesses
723
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