3202 Salisbury AveLubbockTX79410
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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 3202 Salisbury Ave, Lubbock, TX, 79410 offers $1,264/mo rent that, after a $1,566/mo payment. Total monthly income is $1,264/mo. Return on cash invested measures 8.47% in year one, and rental yield stands at 4.74% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 42.7% and total cumulative return in cash reaches $45,291. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,264/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1978
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79410, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,270 (100%) |
| Owner Occupied HU | 1,453 (34.0%) |
| Renter Occupied HU | 2,184 (51.1%) |
| Vacant Housing Units | 633 (14.8%) |
| Median Home Value | $256,928 |
| Average Home Value | $293,500 |
Housing Distribution
Address Breakdown
Residential
3,947
Single Family
3,791
Multi-Family
156
Businesses
606
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Listed by: Scott Toman • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202417135
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.