2418 40th StLubbockTX79412
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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 2418 40th St, Lubbock, TX, 79412 uses $58,013 cash to close to unlock $11,894/yr annual cash flow and $991/mo monthly cash flow. Total monthly income runs $2,254/mo, and a $857/mo payment keeps the spread at $991/mo. Purchase price stands at $175,000, and rental yield measures 15.46% with $2,254/mo rent. Return on cash invested shows 40.41% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 214.23% and total cumulative return in cash records $124,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,254/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,670 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79412, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,222 (100%) |
| Owner Occupied HU | 2,625 (42.2%) |
| Renter Occupied HU | 2,944 (47.3%) |
| Vacant Housing Units | 653 (10.5%) |
| Median Home Value | $113,395 |
| Average Home Value | $152,337 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,388
Multi-Family
465
Businesses
326
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Listed by: Josh T. Barrett • Progressive Properties
Mls Name: LBMLS
Mls Provider:
Mls ID: #202409579
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.