7702 Kirby AveLubbockTX79424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7702 Kirby Ave, Lubbock, TX, 79424 uses $139,197 cash to close to unlock $5,631/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $3,455/mo, and a $2,055/mo payment keeps the spread at $469/mo. Purchase price stands at $419,900, and rental yield measures 9.87% with $3,455/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 125.77% and total cumulative return in cash records $175,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,455/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 2012
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79424, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,278 (100%) |
| Owner Occupied HU | 16,106 (66.3%) |
| Renter Occupied HU | 6,693 (27.6%) |
| Vacant Housing Units | 1,479 ( 6.1%) |
| Median Home Value | $289,463 |
| Average Home Value | $348,962 |
Housing Distribution
Address Breakdown
Residential
24,084
Single Family
19,900
Multi-Family
4,184
Businesses
1,756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices