406 N Zenith AveLubbockTX79403
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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 406 N Zenith Ave, Lubbock, TX, 79403 listed at $220,000 pairs $1,982/mo rent with a $1,077/mo payment to leave $417/mo cash flow. Total monthly income runs $1,982/mo, and annual cash flow reaches $5,008/yr on $72,930 cash to close. Return on cash invested measures 26.78% in year one, and rental yield registers 10.81% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 140.9% and total cumulative return in cash totals $102,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,982/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2023
8,276 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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