3008 45th 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 3008 45th St, Lubbock, TX, 79413 uses $43,758 cash to close to unlock $4,553/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $646/mo payment keeps the spread at $379/mo. Purchase price stands at $131,999, and rental yield measures 11.98% with $1,318/mo rent. Return on cash invested shows 30.31% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 159.9% and total cumulative return in cash records $69,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,840 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: Amalia Villalobos • Dalton Wade, Inc.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202559154
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.