7316 9th StLubbockTX79416
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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 7316 9th St, Lubbock, TX, 79416 uses $76,242 cash to close to unlock $8,644/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $2,377/mo, and a $1,126/mo payment keeps the spread at $720/mo. Purchase price stands at $229,990, and rental yield measures 12.4% with $2,377/mo rent. Return on cash invested shows 31.25% in year one, and 5% annual appreciation builds toward $63,542 over five years. Five-year ROI reaches 165% and total cumulative return in cash records $125,800. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,494 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
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Listed by: Derek Phelps • D.R. Horton, AMERICA'S Builder
Mls Name: LBMLS
Mls Provider:
Mls ID: #202409886
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.