5714 Itasca StLubbockTX79416
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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 5714 Itasca St, Lubbock, TX, 79416 with 5% annual appreciation on a $203,500 basis while $1,800/mo rent supports operations. Total monthly income totals $1,800/mo and a $996/mo payment preserves $292/mo for cash returns. Annual cash flow comes to $3,504/yr on $67,460 deployed, and return on cash invested reaches 25.1% in year one. Equity gained on principal adds $1,313/yr, and five-year appreciation sums $56,223 alongside rental yield of 10.61%. Five-year ROI measures 132.38% and total cumulative return in cash totals $89,307.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,800/mo property income versus a $996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
10,345 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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Listed by: Angela Smith • WestMark Companies
Mls Name: LBMLS
Mls Provider:
Mls ID: #202413632
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.