2516 2nd StLubbockTX79415
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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 2516 2nd St, Lubbock, TX, 79415 earns $294/mo cash flow from $1,090/mo rent with a $548/mo payment. Total monthly income totals $1,090/mo, and annual cash flow totals $3,525/yr on $37,128 capital. ROI tracks 29.4% on current figures, and rental yield reads 11.68% at a $112,000 purchase. Equity gained on principal adds $723/yr, and 5% annual appreciation supports $30,944 over five years. Five-year ROI reaches 155.02% and total cumulative return in cash sums $57,555. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,090/mo property income instead of your personal income.
Single Family
Built in 1958
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79415, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,356 (100%) |
| Owner Occupied HU | 2,928 (35.0%) |
| Renter Occupied HU | 4,417 (52.9%) |
| Vacant Housing Units | 1,011 (12.1%) |
| Median Home Value | $103,977 |
| Average Home Value | $252,752 |
Housing Distribution
Address Breakdown
Residential
6,145
Single Family
4,314
Multi-Family
1,831
Businesses
424
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