610 N County Road 1600LubbockTX79416
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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 610 N County Road 1600, Lubbock, TX, 79416 offers a 13.65% rental yield on a $148,700 purchase with $1,691/mo rent. Total monthly income registers $1,691/mo, and a $728/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,601/yr on $49,294 to close, and return on cash invested stands at 35.33% in year one. Equity gained on principal adds $960/yr while 5% annual appreciation supports $41,083 over five years. Portfolio math shows five-year ROI at 186.78% and total cumulative return in cash at $92,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,691/mo property income against a $728/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
0.77 Acres 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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