4610 55th DrLubbockTX79414
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
Investment property for sale in Lubbock at 4610 55th Dr, Lubbock, TX, 79414 offers a 10.53% rental yield on a $179,999 purchase with $1,580/mo rent. Total monthly income registers $1,580/mo, and a $881/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,500/yr on $59,670 to close, and return on cash invested stands at 22.42% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,730 over five years. Portfolio math shows five-year ROI at 118.8% and total cumulative return in cash at $70,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,580/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
3,484 sqft lot
$N/A/sqft
$175 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jana Lowdermilk • Jerry J. Kitten Broker
Mls Name: LBMLS
Mls Provider:
Mls ID: #202558043
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.