904 Tulane StLubbockTX79403
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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 904 Tulane St, Lubbock, TX, 79403 with 5% annual appreciation on a $199,000 basis while $1,661/mo rent supports operations. Total monthly income totals $1,661/mo and a $974/mo payment preserves $246/mo for cash returns. Annual cash flow comes to $2,951/yr on $65,969 deployed, and return on cash invested reaches 24.38% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 10.02%. Five-year ROI measures 128.03% and total cumulative return in cash totals $84,462.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,661/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79403, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,498 (100%) |
| Owner Occupied HU | 4,117 (54.9%) |
| Renter Occupied HU | 2,411 (32.2%) |
| Vacant Housing Units | 970 (12.9%) |
| Median Home Value | $84,502 |
| Average Home Value | $161,874 |
Housing Distribution
Address Breakdown
Residential
6,443
Single Family
5,977
Multi-Family
466
Businesses
426
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Listed by: Jaden Timmons • Progressive Properties
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553513
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.