610 N County Road 1600LubbockTX79416
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 610 N County Road 1600, Lubbock, TX, 79416 in Lubbock speaks for itself: 13.64% gross on a $148,700 price, generating $1,691/mo in rent and $633/mo in net income after the $669/mo debt service. DSCR 2.53, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,600 stacks alongside $41,083 in projected five-year appreciation and $1,370/yr in principal reduction. Projected total cumulative return: $97,753.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.8% |
| Monthly Cash Flow | $633 | $450 |
City averages based on Lubbock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $998 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices