2923 138th StLubbockTX79423
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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
Rental property for sale in Lubbock at 2923 138th St, Lubbock, TX, 79423 generates $1,890/mo in rent, after a $1,373/mo payment. Total monthly income is $1,890/mo. Return on cash invested sits at 18.18% in year one, and rental yield is 8.08% on a $280,565 entry. Equity gained on principal adds $1,810/yr, while 5% annual appreciation builds toward $77,515 over five years. Five-year ROI reaches 94.9% and total cumulative return in cash sums $88,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,890/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
6,538 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
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Listed by: Hillary Martin • Southern Magnolia Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411479
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.