8319 24th 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
Rental property for sale in Lubbock at 8319 24th St, Lubbock, TX, 79407 generates $1,382/mo in rent and, after a $902/mo payment, leaves $72/mo in cash flow. Total monthly income is $1,382/mo, and annual cash flow is $859/yr on $61,072 invested. Return on cash invested sits at 21.32% in year one, and rental yield is 9% on a $184,230 entry. Equity gained on principal adds $1,189/yr, while 5% annual appreciation builds toward $50,899 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash sums $68,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,382/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
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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