3421 E Bates StLubbockTX79403
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 3421 E Bates St, Lubbock, TX, 79403 at $125,000 posts ROI 31.54% with $402/mo cash flow from $1,303/mo rent. Total monthly income equals $1,303/mo, and annual cash flow records $4,818/yr on $41,438 to close. Return on cash invested measures 31.54% and rental yield reads 12.51% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 166.61% and total cumulative return in cash totals $69,041.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,303/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2020
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79403, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,498 (100%) |
| Owner Occupied HU | 4,117 (54.9%) |
| Renter Occupied HU | 2,411 (32.2%) |
| Vacant Housing Units | 970 (12.9%) |
| Median Home Value | $84,502 |
| Average Home Value | $161,874 |
Housing Distribution
Address Breakdown
Residential
6,443
Single Family
5,977
Multi-Family
466
Businesses
426
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Listed by: Nicole Turnbow • Modern Day Living RE LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553521
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.