5731 93rd StLubbockTX79424
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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 5731 93rd St, Lubbock, TX, 79424 uses $62,985 cash to close to unlock $2,782/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $930/mo payment keeps the spread at $232/mo. Purchase price stands at $190,000, and rental yield measures 10% with $1,583/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 127.75% and total cumulative return in cash records $80,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1984
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79424, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,278 (100%) |
| Owner Occupied HU | 16,106 (66.3%) |
| Renter Occupied HU | 6,693 (27.6%) |
| Vacant Housing Units | 1,479 ( 6.1%) |
| Median Home Value | $289,463 |
| Average Home Value | $348,962 |
Housing Distribution
Address Breakdown
Residential
24,084
Single Family
19,900
Multi-Family
4,184
Businesses
1,756
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