7407 Magnolia 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 7407 Magnolia Ave, Lubbock, TX, 79404 with 5% annual appreciation on a $150,000 basis while $1,185/mo rent supports operations. Total monthly income totals $1,185/mo and a $734/mo payment preserves $119/mo for cash returns. Annual cash flow comes to $1,422/yr on $49,725 deployed, and return on cash invested reaches 22.77% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.48%. Five-year ROI measures 119.42% and total cumulative return in cash totals $59,382.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,185/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
1.53 Acres 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: Cole Whisenhunt • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553355
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.