3306 Duke StLubbockTX79415
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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 3306 Duke St, Lubbock, TX, 79415 uses $37,791 cash to close to unlock $3,148/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,073/mo, and a $558/mo payment keeps the spread at $262/mo. Purchase price stands at $114,000, and rental yield measures 11.29% with $1,073/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 148.82% and total cumulative return in cash records $56,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,073/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79415, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,356 (100%) |
| Owner Occupied HU | 2,928 (35.0%) |
| Renter Occupied HU | 4,417 (52.9%) |
| Vacant Housing Units | 1,011 (12.1%) |
| Median Home Value | $103,977 |
| Average Home Value | $252,752 |
Housing Distribution
Address Breakdown
Residential
6,145
Single Family
4,314
Multi-Family
1,831
Businesses
424
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