2411 29th 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 2411 29th St, Lubbock, TX, 79411 offers a 10.8% rental yield on a $149,500 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $732/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,391/yr on $49,559 to close, and return on cash invested stands at 26.75% in year one. Equity gained on principal adds $965/yr while 5% annual appreciation supports $41,304 over five years. Portfolio math shows five-year ROI at 140.79% and total cumulative return in cash at $69,773. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $732/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
8,276 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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