6306 94th 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
Rental property for sale in Lubbock at 6306 94th St, Lubbock, TX, 79424 generates $4,466/mo in rent and, after a $1,774/mo payment, leaves $1,888/mo in cash flow. Total monthly income is $4,466/mo, and annual cash flow is $22,662/yr on $120,169 invested. Return on cash invested sits at 38.77% in year one, and rental yield is 14.78% on a $362,500 entry. Equity gained on principal adds $2,339/yr, while 5% annual appreciation builds toward $100,152 over five years. Five-year ROI reaches 205.19% and total cumulative return in cash sums $246,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,466/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
6,899 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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Listed by: Roy Phelps • Coldwell Banker Trusted Adviso
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411532
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.