7602 61st 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 7602 61st St, Lubbock, TX, 79407 earns $680/mo cash flow from $3,149/mo rent with a $1,699/mo payment. Total monthly income totals $3,149/mo, and annual cash flow totals $8,165/yr on $115,097 capital. ROI tracks 27% on current figures, and rental yield reads 10.88% at a $347,200 purchase. Equity gained on principal adds $2,240/yr, and 5% annual appreciation supports $95,925 over five years. Five-year ROI reaches 142.11% and total cumulative return in cash sums $163,559. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,149/mo property income instead of your personal income.
Single Family
Built in N/A
N/A 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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