2802 62nd 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 2802 62nd St, Lubbock, TX, 79413 earns $496/mo cash flow from $1,740/mo rent with a $815/mo payment. Total monthly income totals $1,740/mo, and annual cash flow totals $5,947/yr on $55,195 capital. ROI tracks 30.68% on current figures, and rental yield reads 12.54% at a $166,500 purchase. Equity gained on principal adds $1,074/yr, and 5% annual appreciation supports $46,001 over five years. Five-year ROI reaches 162.35% and total cumulative return in cash sums $89,606. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,740/mo property income instead of your personal income.
Single Family
Built in 1956
7,379 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: Jared P. Pharr • eXp Realty LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202407544
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.