6313 89th 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
Investment property for sale in Lubbock at 6313 89th St, Lubbock, TX, 79424 earns $399/mo cash flow from $3,762/mo rent with a $2,168/mo payment. Total monthly income totals $3,762/mo, and annual cash flow totals $4,792/yr on $146,855 capital. ROI tracks 23.17% on current figures, and rental yield reads 10.19% at a $443,000 purchase. Equity gained on principal adds $2,859/yr, and 5% annual appreciation supports $122,393 over five years. Five-year ROI reaches 122.2% and total cumulative return in cash sums $179,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,762/mo property income instead of your personal income.
Single Family
Built in 2013
7,405 sqft lot
$N/A/sqft
$700 annually 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: Jennifer Taylor • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202555507
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.