4608 Avenue C UNIT 1LubbockTX79404
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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 4608 Avenue C UNIT 1, Lubbock, TX, 79404 uses $34,145 cash to close to unlock $9,572/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $504/mo payment keeps the spread at $798/mo. Purchase price stands at $103,000, and rental yield measures 17.83% with $1,530/mo rent. Return on cash invested shows 47.94% in year one, and 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 254.44% and total cumulative return in cash records $86,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $504/mo payment rather than investor’s personal income.
Single Family
Built in 2018
5,588 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79404, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 2,063 (49.4%) |
| Renter Occupied HU | 1,486 (35.6%) |
| Vacant Housing Units | 630 (15.1%) |
| Median Home Value | $85,163 |
| Average Home Value | $152,648 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,572
Multi-Family
147
Businesses
723
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Listed by: Scott Toman • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202410928
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.