6304 14th 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 6304 14th St, Lubbock, TX, 79416 uses $54,681 cash to close to unlock $3,256/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $807/mo payment keeps the spread at $271/mo. Purchase price stands at $164,950, and rental yield measures 10.51% with $1,444/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $45,573 over five years. Five-year ROI reaches 136.05% and total cumulative return in cash records $74,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1998
6,098 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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