7007 Utica PlLubbockTX79424
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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 7007 Utica Pl, Lubbock, TX, 79424 priced at $199,900 converts $1,626/mo rent into $172/mo cash flow after a $978/mo obligation. Total monthly income equals $1,626/mo, and annual cash flow totals $2,059/yr on $66,267 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 9.76% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 120.97% and total cumulative return in cash sums $80,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,626/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1976
7,840 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: Doug Duncan • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202550160
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.