804 Lubbock StNewcastleTX76372
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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 Newcastle at 804 Lubbock St, Newcastle, TX, 76372 uses $34,476 cash to close to unlock $8,646/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $1,460/mo, and a $509/mo payment keeps the spread at $720/mo. Purchase price stands at $104,000, and rental yield measures 16.85% with $1,460/mo rent. Return on cash invested shows 44.99% in year one, and 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 238.6% and total cumulative return in cash records $82,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,460/mo property income covering a $509/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76372, Newcastle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 293 (53.4%) |
| Renter Occupied HU | 91 (16.6%) |
| Vacant Housing Units | 165 (30.1%) |
| Median Home Value | $155,500 |
| Average Home Value | $224,659 |
Housing Distribution
Address Breakdown
Residential
274
Single Family
274
Multi-Family
0
Businesses
33
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Listed by: John Paclik • Weatherbee Real Estate
Mls Name: NTREIS
Mls ID: #20703450
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.