934 E Municipal DrLubbockTX79403
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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 934 E Municipal Dr, Lubbock, TX, 79403 offers $1,579/mo rent that, after a $908/mo payment, leaves $260/mo cash flow. Total monthly income is $1,579/mo, and annual cash flow is $3,120/yr on $61,467 cash. Return on cash invested measures 24.98% in year one, and rental yield stands at 10.22% at a $185,422 entry. Equity gained on principal adds $1,197/yr while 5% annual appreciation compounds into $51,229 by year five. Five-year ROI records 131.25% and total cumulative return in cash reaches $80,679. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,579/mo property income versus a $908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,840 sqft 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: Stacey Rogers • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552128
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.