7809 Vernon AveLubbockTX79423
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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
Rental property for sale in Lubbock at 7809 Vernon Ave, Lubbock, TX, 79423 priced at $104,900 pairs $837/mo rent with $55/mo cash flow after a $513/mo payment. Total monthly income equals $837/mo, and annual cash flow comes to $657/yr on $34,774 invested. Return on cash invested is 21.8% in year one, and rental yield stands at 9.57% on a $104,900 basis. Equity gained on principal adds $677/yr, and 5% annual appreciation accumulates to $28,982 by year five. Five-year ROI measures 114.65% and total cumulative return in cash reaches $39,870. For financing, Ziffy Mortgage’s DSCR program evaluates $837/mo property income against a $513/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
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Listed by: Amy Baugh • Berkshire Hathaway HomeService
Mls Name: LBMLS
Mls Provider:
Mls ID: #202554680
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.