4611 Canton AveLubbockTX79413
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
Rental property for sale in Lubbock at 4611 Canton Ave, Lubbock, TX, 79413 priced at $127,500 converts $1,391/mo rent into $484/mo cash flow after a $624/mo obligation. Total monthly income equals $1,391/mo, and annual cash flow totals $5,812/yr on $42,266 invested. Return on cash invested prints 33.66% in year one, and rental yield reads 13.09% against a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation compiles into $35,226 by year five. Five-year ROI reaches 177.87% and total cumulative return in cash sums $75,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,391/mo property income covering a $624/mo payment, not borrower’s personal income.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79413, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,338 (100%) |
| Owner Occupied HU | 4,852 (52.0%) |
| Renter Occupied HU | 3,610 (38.7%) |
| Vacant Housing Units | 876 ( 9.4%) |
| Median Home Value | $227,136 |
| Average Home Value | $307,053 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,130
Multi-Family
674
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices