2914 E Colgate StLubbockTX79403
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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 2914 E Colgate St, Lubbock, TX, 79403 earns $125/mo cash flow from $1,090/mo rent with a $664/mo payment. Total monthly income totals $1,090/mo, and annual cash flow totals $1,504/yr on $44,968 capital. ROI tracks 23.25% on current figures, and rental yield reads 9.64% at a $135,649 purchase. Equity gained on principal adds $875/yr, and 5% annual appreciation supports $37,477 over five years. Five-year ROI reaches 122.09% and total cumulative return in cash sums $54,900. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,090/mo property income instead of your personal income.
Single Family
Built in 1961
7,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79403, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,498 (100%) |
| Owner Occupied HU | 4,117 (54.9%) |
| Renter Occupied HU | 2,411 (32.2%) |
| Vacant Housing Units | 970 (12.9%) |
| Median Home Value | $84,502 |
| Average Home Value | $161,874 |
Housing Distribution
Address Breakdown
Residential
6,443
Single Family
5,977
Multi-Family
466
Businesses
426
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