4013 48th StLubbockTX79413
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4013 48th St, Lubbock, TX, 79413 in Lubbock earns a respectable 9.19% gross yield at $339,000, but after the $1,524/mo mortgage the net cash flow is $186/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.08) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $93,659 over five years, making equity the dominant return driver. Total projected return: $80,287.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.8% |
| Monthly Cash Flow | $186 | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,639 |
| Total Monthly Debt Service | $2,276 |
| DSCR Ratio | 0.72x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79413, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,338 (100%) |
| Owner Occupied HU | 4,852 (52.0%) |
| Renter Occupied HU | 3,610 (38.7%) |
| Vacant Housing Units | 876 ( 9.4%) |
| Median Home Value | $227,136 |
| Average Home Value | $307,053 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,130
Multi-Family
674
Businesses
459
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
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79413, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,338 (100%) |
| Owner Occupied HU | 4,852 (52.0%) |
| Renter Occupied HU | 3,610 (38.7%) |
| Vacant Housing Units | 876 ( 9.4%) |
| Median Home Value | $227,136 |
| Average Home Value | $307,053 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,130
Multi-Family
674
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Dykes • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556103
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.