7601 62nd StLubbockTX79407
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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 7601 62nd St, Lubbock, TX, 79407 uses $117,020 cash to close to unlock $6,030/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $3,013/mo, and a $1,728/mo payment keeps the spread at $503/mo. Purchase price stands at $353,000, and rental yield measures 10.24% with $3,013/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $97,527 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $154,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,013/mo property income covering a $1,728/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79407, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,476 (100%) |
| Owner Occupied HU | 5,713 (42.4%) |
| Renter Occupied HU | 6,302 (46.8%) |
| Vacant Housing Units | 1,461 (10.8%) |
| Median Home Value | $221,609 |
| Average Home Value | $266,239 |
Housing Distribution
Address Breakdown
Residential
13,949
Single Family
9,684
Multi-Family
4,265
Businesses
637
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Listed by: Paige Terry • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202415440
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.