7306 Hickory AveLubbockTX79404
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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 7306 Hickory Ave, Lubbock, TX, 79404 uses $54,698 cash to close to unlock $2,785/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,420/mo, and a $808/mo payment keeps the spread at $232/mo. Purchase price stands at $165,000, and rental yield measures 10.33% with $1,420/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 131.54% and total cumulative return in cash records $71,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,420/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 2003
10,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79404, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 2,063 (49.4%) |
| Renter Occupied HU | 1,486 (35.6%) |
| Vacant Housing Units | 630 (15.1%) |
| Median Home Value | $85,163 |
| Average Home Value | $152,648 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,572
Multi-Family
147
Businesses
723
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Listed by: Brady Johnson • Better Homes and Gardens
Mls Name: LBMLS
Mls Provider:
Mls ID: #202408434
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.