Corbin Plan, Escondido CrossingLubbockTX79407
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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 Corbin Plan, Escondido Crossing, Lubbock, TX, 79407 uses $70,842 cash to close to unlock $9,124/yr annual cash flow and $760/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,046/mo payment keeps the spread at $760/mo. Purchase price stands at $213,700, and rental yield measures 12.8% with $2,280/mo rent. Return on cash invested shows 32.79% in year one, and 5% annual appreciation builds toward $59,041 over five years. Five-year ROI reaches 173.15% and total cumulative return in cash records $122,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,046/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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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