2611 Baylor 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
Rental property for sale in Lubbock at 2611 Baylor St, Lubbock, TX, 79415 generates $1,140/mo in rent and, after a $565/mo payment, leaves $319/mo in cash flow. Total monthly income is $1,140/mo, and annual cash flow is $3,828/yr on $38,288 invested. Return on cash invested sits at 29.91% in year one, and rental yield is 11.84% on a $115,500 entry. Equity gained on principal adds $745/yr, while 5% annual appreciation builds toward $31,911 over five years. Five-year ROI reaches 157.64% and total cumulative return in cash sums $60,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
9,936 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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Listed by: Casey Klingensmith • Reside Real Estate Co.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202405306
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.