2805 53rd StLubbockTX79413
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
Investment Highlights
Investment property for sale in Lubbock at 2805 53rd St, Lubbock, TX, 79413 offers a 2.16% rental yield on a $965,000 purchase with $1,740/mo rent. 7% in year one. Equity gained on principal adds $6,227/yr while 5% annual appreciation supports $266,612 over five years. Portfolio math shows five-year ROI at 1.02% and total cumulative return in cash at $3,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $4,723/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vickie Noyola Al-Souki • West Texas, REALTORS
Mls Name: LBMLS
Mls Provider:
Mls ID: #202551986
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.