7014 Wayne AveLubbockTX79424
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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 7014 Wayne Ave, Lubbock, TX, 79424 generates $1,502/mo in rent and, after a $940/mo payment, leaves $136/mo in cash flow. Total monthly income is $1,502/mo, and annual cash flow is $1,637/yr on $63,648 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 9.39% on a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 117.9% and total cumulative return in cash sums $75,040. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
7,700 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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