303 51st StLubbockTX79404
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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 303 51st St, Lubbock, TX, 79404 uses $34,145 cash to close to unlock $6,008/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,233/mo, and a $504/mo payment keeps the spread at $501/mo. Purchase price stands at $103,000, and rental yield measures 14.37% with $1,233/mo rent. Return on cash invested shows 37.51% in year one, and 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 198.46% and total cumulative return in cash records $67,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,233/mo property income covering a $504/mo payment rather than investor’s personal income.
Single Family
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79404, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 2,063 (49.4%) |
| Renter Occupied HU | 1,486 (35.6%) |
| Vacant Housing Units | 630 (15.1%) |
| Median Home Value | $85,163 |
| Average Home Value | $152,648 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,572
Multi-Family
147
Businesses
723
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