617 39th StLubbockTX79404
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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 617 39th St, Lubbock, TX, 79404 earns $338/mo cash flow from $1,369/mo rent with a $710/mo payment. Total monthly income totals $1,369/mo, and annual cash flow totals $4,051/yr on $48,068 capital. ROI tracks 28.34% on current figures, and rental yield reads 11.33% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 149.31% and total cumulative return in cash sums $71,768. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,369/mo property income instead of your personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79404, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 2,063 (49.4%) |
| Renter Occupied HU | 1,486 (35.6%) |
| Vacant Housing Units | 630 (15.1%) |
| Median Home Value | $85,163 |
| Average Home Value | $152,648 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,572
Multi-Family
147
Businesses
723
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Listed by: Jessica Dykes • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202555263
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.