3606 32nd StLubbockTX79410
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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 3606 32nd St, Lubbock, TX, 79410 generates $1,735/mo in rent and, after a $661/mo payment, leaves $775/mo in cash flow. Total monthly income is $1,735/mo, and annual cash flow is $9,297/yr on $44,753 invested. Return on cash invested sits at 40.68% in year one, and rental yield is 15.42% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 215.51% and total cumulative return in cash sums $96,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,735/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
7,287 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
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Listed by: Stacey Rogers • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411989
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.