5513 16th PlLubbockTX79416
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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 5513 16th Pl, Lubbock, TX, 79416 uses $59,339 cash to close to unlock $2,871/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,512/mo, and a $876/mo payment keeps the spread at $239/mo. Purchase price stands at $179,000, and rental yield measures 10.14% with $1,512/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 130.06% and total cumulative return in cash records $77,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,512/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,405 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
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