3121 37th 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 3121 37th St, Lubbock, TX, 79413 earns $89/mo cash flow from $1,013/mo rent with a $636/mo payment. Total monthly income totals $1,013/mo, and annual cash flow totals $1,066/yr on $43,095 capital. ROI tracks 22.38% on current figures, and rental yield reads 9.35% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 117.29% and total cumulative return in cash sums $50,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,013/mo property income instead of your personal income.
Single Family
Built in 1958
6,534 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: Siairra Tharp • Southern Magnolia Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552976
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.