3424 Fordham 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 3424 Fordham St, Lubbock, TX, 79415 at $224,900 posts ROI 26.5% with $409/mo cash flow from $2,009/mo rent. Total monthly income equals $2,009/mo, and annual cash flow records $4,914/yr on $74,554 to close. Return on cash invested measures 26.5% and rental yield reads 10.72% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 139.41% and total cumulative return in cash totals $103,933.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,009/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
8,254 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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Listed by: Vanessa Perez • Aycock Realty Group, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411752
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.