515 51st 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 515 51st St, Lubbock, TX, 79404 offers a 9.28% rental yield on a $127,500 purchase with $986/mo rent. Total monthly income registers $986/mo, and a $624/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $952/yr on $42,266 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 116.2% and total cumulative return in cash at $49,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $986/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,969 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: Irma Carrasco • JPAR
Mls Name: LBMLS
Mls Provider:
Mls ID: #202554611
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.