2710 61st StLubbockTX79413
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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 2710 61st St, Lubbock, TX, 79413 uses $63,814 cash to close to unlock $1,299/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,477/mo, and a $942/mo payment keeps the spread at $108/mo. Purchase price stands at $192,500, and rental yield measures 9.21% with $1,477/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 115.04% and total cumulative return in cash records $73,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $942/mo payment rather than investor’s personal income.
Single Family
Built in 1956
9,195 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
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Listed by: Glenn Allen • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #12038346
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