3450 Itasca 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 3450 Itasca St, Lubbock, TX, 79415 uses $61,294 cash to close to unlock $23,270/yr annual cash flow and $1,939/mo monthly cash flow. Total monthly income runs $3,254/mo, and a $905/mo payment keeps the spread at $1,939/mo. Purchase price stands at $184,900, and rental yield measures 21.12% with $3,254/mo rent. Return on cash invested shows 57.87% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 307.71% and total cumulative return in cash records $188,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,254/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 2018
3,981 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: Dustin C. Flores • Brilliant Brokerage, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202410039
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.