2302 Slide RdLubbockTX79407
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2302 Slide Rd, Lubbock, TX, 79407 in Lubbock hard to pass up. The 15.88% gross yield on a $289,000 purchase results in $3,824/mo in rent and $1,661/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.94). Annual cash flow of $19,931, five-year appreciation of $79,845, and $2,662/yr in equity build-up combine for a projected total cumulative return of $218,092.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.9% | 6.8% |
| Monthly Cash Flow | $1,661 | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,824 |
| Total Monthly Debt Service | $2,048 |
| DSCR Ratio | 1.87x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1977
4,190 sqft lot
$N/A/sqft
$1,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79407, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,476 (100%) |
| Owner Occupied HU | 5,713 (42.4%) |
| Renter Occupied HU | 6,302 (46.8%) |
| Vacant Housing Units | 1,461 (10.8%) |
| Median Home Value | $221,609 |
| Average Home Value | $266,239 |
Housing Distribution
Address Breakdown
Residential
13,949
Single Family
9,684
Multi-Family
4,265
Businesses
637
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
Townhouse
Built in 1977
4,190 sqft lot
$N/A/sqft
$1,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79407, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,476 (100%) |
| Owner Occupied HU | 5,713 (42.4%) |
| Renter Occupied HU | 6,302 (46.8%) |
| Vacant Housing Units | 1,461 (10.8%) |
| Median Home Value | $221,609 |
| Average Home Value | $266,239 |
Housing Distribution
Address Breakdown
Residential
13,949
Single Family
9,684
Multi-Family
4,265
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices