2509 61st StLubbockTX79413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2509 61st St, Lubbock, TX, 79413 uses $65,969 cash to close to unlock $2,255/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $974/mo payment keeps the spread at $188/mo. Purchase price stands at $199,000, and rental yield measures 9.67% with $1,603/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 122.36% and total cumulative return in cash records $80,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79413, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,338 (100%) |
| Owner Occupied HU | 4,852 (52.0%) |
| Renter Occupied HU | 3,610 (38.7%) |
| Vacant Housing Units | 876 ( 9.4%) |
| Median Home Value | $227,136 |
| Average Home Value | $307,053 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,130
Multi-Family
674
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Wood • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556802
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.