3703 22nd PlLubbockTX79410
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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 3703 22nd Pl, Lubbock, TX, 79410 uses $56,355 cash to close to unlock $868/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,336/mo, and a $832/mo payment keeps the spread at $72/mo. Purchase price stands at $170,000, and rental yield measures 9.43% with $1,336/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash records $63,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,336/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,583 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: Shelley Huffman • Lubbock Select Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556870
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.