2408 24th StLubbockTX79411
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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 2408 24th St, Lubbock, TX, 79411 uses $49,692 cash to close to unlock $6,105/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $1,575/mo, and a $734/mo payment keeps the spread at $509/mo. Purchase price stands at $149,900, and rental yield measures 12.61% with $1,575/mo rent. Return on cash invested shows 32.19% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 169.93% and total cumulative return in cash records $84,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,575/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6,098 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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