2703 78th StLubbockTX79423
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.21% yield at 2703 78th St, Lubbock, TX, 79423 in Lubbock is solid, but the $840/mo payment compresses net cash flow to $60/mo at $186,850. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $51,623 by year five, and $1,721/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $75,697.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.8% |
| Monthly Cash Flow | $60 | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,434 |
| Total Monthly Debt Service | $1,300 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
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
Single Family
Built in 1977
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maelyn McDaniel • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552140
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.