2406 Avenue TLubbockTX79411
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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 2406 Avenue T, Lubbock, TX, 79411 priced at $159,500 pairs $1,454/mo rent with $319/mo cash flow after a $781/mo payment. Total monthly income equals $1,454/mo, and annual cash flow comes to $3,833/yr on $52,874 invested. Return on cash invested is 27.16% in year one, and rental yield stands at 10.94% on a $159,500 basis. Equity gained on principal adds $1,029/yr, and 5% annual appreciation accumulates to $44,067 by year five. Five-year ROI measures 142.98% and total cumulative return in cash reaches $75,601. For financing, Ziffy Mortgage’s DSCR program evaluates $1,454/mo property income against a $781/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79411, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 945 (27.2%) |
| Renter Occupied HU | 1,880 (54.0%) |
| Vacant Housing Units | 654 (18.8%) |
| Median Home Value | $137,262 |
| Average Home Value | $164,770 |
Housing Distribution
Address Breakdown
Residential
2,785
Single Family
2,762
Multi-Family
23
Businesses
230
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Listed by: Sean Miller • Better Homes and Gardens
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552615
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.