402 Utica DrLubbockTX79416
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 402 Utica Dr, Lubbock, TX, 79416 generates $2,205/mo in rent, after a $1,953/mo payment. Total monthly income is $2,205/mo. Return on cash invested sits at 14.17% in year one, and rental yield is 6.63% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 73.29% and total cumulative return in cash sums $96,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,205/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lee Mazurek • Williams & Company Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553806
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.