Joanna Plan, WestmontLubbockTX79407
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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 Joanna Plan, Westmont, Lubbock, TX, 79407 priced at $297,950 pairs $2,980/mo rent with $862/mo cash flow after a $1,458/mo payment. Total monthly income equals $2,980/mo, and annual cash flow comes to $10,339/yr on $98,770 invested. Return on cash invested is 30.38% in year one, and rental yield stands at 12% on a $297,950 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,318 by year five. Five-year ROI measures 160.19% and total cumulative return in cash reaches $158,224. For financing, Ziffy Mortgage’s DSCR program evaluates $2,980/mo property income against a $1,458/mo payment instead of your W2s, 1099s, or Tax returns.
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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