7420 Fir 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 7420 Fir Ave, Lubbock, TX, 79404 uses $43,062 cash to close to unlock $661/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $979/mo, and a $636/mo payment keeps the spread at $55/mo. Purchase price stands at $129,900, and rental yield measures 9.04% with $979/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash records $48,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $979/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1981
7,840 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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