33 Wilshire BlvdLubbockTX79416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 33 Wilshire Blvd, Lubbock, TX, 79416 uses $143,374 cash to close to unlock $12,925/yr annual cash flow and $1,077/mo monthly cash flow. Total monthly income runs $4,207/mo, and a $2,117/mo payment keeps the spread at $1,077/mo. Purchase price stands at $432,500, and rental yield measures 11.67% with $4,207/mo rent. Return on cash invested shows 28.92% in year one, and 5% annual appreciation builds toward $119,492 over five years. Five-year ROI reaches 152.59% and total cumulative return in cash records $218,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,207/mo property income covering a $2,117/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5,558 sqft lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lainie S. Eilenberger • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202406093
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.