Marie Plan, ViridianLubbockTX79423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marie Plan, Viridian, Lubbock, TX, 79423 priced at $274,950 converts $3,389/mo rent into $1,434/mo cash flow after a $1,346/mo obligation. Total monthly income equals $3,389/mo, and annual cash flow totals $17,202/yr on $91,146 invested. Return on cash invested prints 38.78% in year one, and rental yield reads 14.79% against a $274,950 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,964 by year five. Five-year ROI reaches 205.27% and total cumulative return in cash sums $187,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,389/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79423, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,321 (100%) |
| Owner Occupied HU | 12,924 (63.6%) |
| Renter Occupied HU | 5,958 (29.3%) |
| Vacant Housing Units | 1,439 ( 7.1%) |
| Median Home Value | $281,816 |
| Average Home Value | $334,598 |
Housing Distribution
Address Breakdown
Residential
20,552
Single Family
19,043
Multi-Family
1,509
Businesses
1,411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices