513-2 E 49th StLubbockTX79404
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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 513-2 E 49th St, Lubbock, TX, 79404 uses $38,205 cash to close to unlock $4,206/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,170/mo, and a $564/mo payment keeps the spread at $351/mo. Purchase price stands at $115,250, and rental yield measures 12.18% with $1,170/mo rent. Return on cash invested shows 30.92% in year one, and 5% annual appreciation builds toward $31,841 over five years. Five-year ROI reaches 163.15% and total cumulative return in cash records $62,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,170/mo property income covering a $564/mo payment rather than investor’s personal income.
Multi Family
Built in 2017
4,356 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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