3606 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 3606 E 3rd Pl, Lubbock, TX, 79403 priced at $130,000 pairs $1,968/mo rent with $1,044/mo cash flow after a $636/mo payment. Total monthly income equals $1,968/mo, and annual cash flow comes to $12,526/yr on $43,095 invested. Return on cash invested is 48.98% in year one, and rental yield stands at 18.17% on a $130,000 basis. Equity gained on principal adds $839/yr, and 5% annual appreciation accumulates to $35,917 by year five. Five-year ROI measures 259.92% and total cumulative return in cash reaches $112,011. For financing, Ziffy Mortgage’s DSCR program evaluates $1,968/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
7,113 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: #202402419
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.