2208 E Main 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 2208 E Main St, Lubbock, TX, 79401 at $117,000 posts ROI 22.68% with $90/mo cash flow from $922/mo rent. Total monthly income equals $922/mo, and annual cash flow records $1,076/yr on $38,786 to close. Return on cash invested measures 22.68% and rental yield reads 9.46% at the current $117,000. Equity gained on principal adds $755/yr, and 5% annual appreciation supports $32,325 by year five. Five-year ROI prints 118.97% and total cumulative return in cash totals $46,141.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $922/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
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: Cole Whisenhunt • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202554899
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.