2307 Cedar AveLubbockTX79404
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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
Rental property for sale in Lubbock at 2307 Cedar Ave, Lubbock, TX, 79404 generates $1,082/mo in rent and, after a $548/mo payment, leaves $286/mo in cash flow. Total monthly income is $1,082/mo, and annual cash flow is $3,429/yr on $37,128 invested. Return on cash invested sits at 29.14% in year one, and rental yield is 11.59% on a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 153.63% and total cumulative return in cash sums $57,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,082/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,969 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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