2817 40th 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 2817 40th St, Lubbock, TX, 79413 offers a 9.44% rental yield on a $104,977 purchase with $826/mo rent. Total monthly income registers $826/mo, and a $514/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $952/yr on $34,800 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $29,003 over five years. Portfolio math shows five-year ROI at 118.85% and total cumulative return in cash at $41,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $826/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
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
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Listed by: Celeste Patterson • 806Sales.com
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552741
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.