4605 38th StLubbockTX79414
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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 4605 38th St, Lubbock, TX, 79414 uses $49,725 cash to close to unlock $4,206/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $734/mo payment keeps the spread at $351/mo. Purchase price stands at $150,000, and rental yield measures 11.34% with $1,417/mo rent. Return on cash invested shows 28.37% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 149.47% and total cumulative return in cash records $74,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79414, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,694 (100%) |
| Owner Occupied HU | 2,652 (30.5%) |
| Renter Occupied HU | 5,100 (58.7%) |
| Vacant Housing Units | 942 (10.8%) |
| Median Home Value | $155,461 |
| Average Home Value | $177,521 |
Housing Distribution
Address Breakdown
Residential
8,295
Single Family
5,172
Multi-Family
3,123
Businesses
603
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Listed by: Mary McGuire • TODAY Realty, Inc.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202559801
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.