3602 E 3rd PlLubbockTX79403
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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
Rental property for sale in Lubbock at 3602 E 3rd Pl, Lubbock, TX, 79403 priced at $131,000 converts $1,396/mo rent into $465/mo cash flow after a $641/mo obligation. Total monthly income equals $1,396/mo, and annual cash flow totals $5,575/yr on $43,427 invested. Return on cash invested prints 32.75% in year one, and rental yield reads 12.79% against a $131,000 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation compiles into $36,193 by year five. Five-year ROI reaches 172.94% and total cumulative return in cash sums $75,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,396/mo property income covering a $641/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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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