2809 Elgin AveLubbockTX79410
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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 2809 Elgin Ave, Lubbock, TX, 79410 earns $219/mo cash flow from $1,819/mo rent with a $1,101/mo payment. Total monthly income totals $1,819/mo, and annual cash flow totals $2,631/yr on $74,588 capital. ROI tracks 23.44% on current figures, and rental yield reads 9.7% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 123.02% and total cumulative return in cash sums $91,761. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,819/mo property income instead of your personal income.
Single Family
Built in 1943
8,712 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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