2621 23rd StLubbockTX79410
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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 2621 23rd St, Lubbock, TX, 79410 uses $124,313 cash to close to unlock $2,949/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,912/mo, and a $1,835/mo payment keeps the spread at $246/mo. Purchase price stands at $375,000, and rental yield measures 9.32% with $2,912/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 116.78% and total cumulative return in cash records $145,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,912/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1939
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79410, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,270 (100%) |
| Owner Occupied HU | 1,453 (34.0%) |
| Renter Occupied HU | 2,184 (51.1%) |
| Vacant Housing Units | 633 (14.8%) |
| Median Home Value | $256,928 |
| Average Home Value | $293,500 |
Housing Distribution
Address Breakdown
Residential
3,947
Single Family
3,791
Multi-Family
156
Businesses
606
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