4304 89th StLubbockTX79423
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 4304 89th St, Lubbock, TX, 79423 in Lubbock deserves attention. This $474,300 property earns $7,622/mo in rent, a 19.29% gross yield, and nets $4,219/mo after the $2,133/mo payment. DSCR 3.57 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $131,040 compounds alongside $4,368/yr in yearly equity build, for a total cumulative return of $453,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.3% | 6.8% |
| Monthly Cash Flow | $4,219 | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,622 |
| Total Monthly Debt Service | $3,215 |
| DSCR Ratio | 2.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1981
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
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 1981
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices