221 Cherry AveLubbockTX79403
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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 221 Cherry Ave, Lubbock, TX, 79403 listed at $108,000 pairs $865/mo rent with a $529/mo payment to leave $97/mo cash flow. Total monthly income runs $865/mo, and annual cash flow reaches $1,159/yr on $35,802 cash to close. Return on cash invested measures 23.15% in year one, and rental yield registers 9.61% at a $108,000 basis. Equity gained on principal adds $697/yr, and annual property appreciation at 5% supports $29,838 by year five. Five-year ROI tracks 121.49% and total cumulative return in cash totals $43,496. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $865/mo property income relative to a $529/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79403, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,498 (100%) |
| Owner Occupied HU | 4,117 (54.9%) |
| Renter Occupied HU | 2,411 (32.2%) |
| Vacant Housing Units | 970 (12.9%) |
| Median Home Value | $84,502 |
| Average Home Value | $161,874 |
Housing Distribution
Address Breakdown
Residential
6,443
Single Family
5,977
Multi-Family
466
Businesses
426
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