3707 Oakridge AveLubbockTX79407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3707 Oakridge Ave, Lubbock, TX, 79407 priced at $254,000 converts $3,010/mo rent into $1,204/mo cash flow after a $1,243/mo obligation. Total monthly income equals $3,010/mo, and annual cash flow totals $14,448/yr on $84,201 invested. Return on cash invested prints 37.07% in year one, and rental yield reads 14.22% against a $254,000 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation compiles into $70,176 by year five. Five-year ROI reaches 196.04% and total cumulative return in cash sums $165,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,010/mo property income covering a $1,243/mo payment, not borrower’s personal income.
Single Family
Built in 2019
5,170 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79407, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,476 (100%) |
| Owner Occupied HU | 5,713 (42.4%) |
| Renter Occupied HU | 6,302 (46.8%) |
| Vacant Housing Units | 1,461 (10.8%) |
| Median Home Value | $221,609 |
| Average Home Value | $266,239 |
Housing Distribution
Address Breakdown
Residential
13,949
Single Family
9,684
Multi-Family
4,265
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Callie Rocha • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202407497
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.