3120 49th 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
Rental property for sale in Lubbock at 3120 49th St, Lubbock, TX, 79413 generates $4,416/mo in rent and, after a $1,395/mo payment, leaves $2,389/mo in cash flow. Total monthly income is $4,416/mo, and annual cash flow is $28,671/yr on $94,478 invested. Return on cash invested sits at 50.26% in year one, and rental yield is 18.59% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 266.83% and total cumulative return in cash sums $252,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,416/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,936 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: Katie Jo Schafer • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202407596
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.