9108 Ridgely AveLubbockTX79424
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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 9108 Ridgely Ave, Lubbock, TX, 79424 uses $122,324 cash to close to unlock $10,872/yr annual cash flow and $906/mo monthly cash flow. Total monthly income runs $3,533/mo, and a $1,806/mo payment keeps the spread at $906/mo. Purchase price stands at $369,000, and rental yield measures 11.49% with $3,533/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 151.71% and total cumulative return in cash records $185,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,533/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 2013
10,454 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
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Listed by: Jessica Dykes • Realty Refined
Mls Name: LBMLS
Mls Provider:
Mls ID: #202560385
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.