3407 24th StLubbockTX79410
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
Rental property for sale in Lubbock at 3407 24th St, Lubbock, TX, 79410 generates $1,740/mo in rent and, after a $1,128/mo payment, leaves $101/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $1,213/yr on $76,411 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 9.06% on a $230,500 entry. Equity gained on principal adds $1,487/yr, while 5% annual appreciation builds toward $63,683 over five years. Five-year ROI reaches 112.63% and total cumulative return in cash sums $86,060. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
8,319 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Garrett T. Kligora • Focus Realty Advisors, Inc.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202413669
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.