4644 Fordham StLubbockTX79416
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 4644 Fordham St, Lubbock, TX, 79416 offers a 12.8% rental yield on a $141,100 purchase with $1,505/mo rent. Total monthly income registers $1,505/mo, and a $691/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,796/yr on $46,775 to close, and return on cash invested stands at 32.3% in year one. Equity gained on principal adds $911/yr while 5% annual appreciation supports $38,983 over five years. Portfolio math shows five-year ROI at 170.8% and total cumulative return in cash at $79,892. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,505/mo property income against a $691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices