2306 Fir AveLubbockTX79404
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 2306 Fir Ave, Lubbock, TX, 79404 at $782,215 posts ROI 0.83% with from $1,438/mo rent. Total monthly income equals $1,438/mo. Return on cash invested measures 0.83% and rental yield reads 2.21% at the current $782,215. Equity gained on principal adds $5,048/yr, and 5% annual appreciation supports $216,112 by year five. Five-year ROI prints 1.7% and total cumulative return in cash totals $4,384. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,438/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1963
0.42 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rohit Mittal • eXp Realty LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202406709
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.