Package Property 6th StLubbockTX79416
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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 Package Property 6th St, Lubbock, TX, 79416 priced at $1,275,000 converts $2,160/mo rent into after a $6,240/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 0.31% in year one, and rental yield reads 2.03% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Multi Family
Built in 2004
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79416, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,723 (100%) |
| Owner Occupied HU | 7,315 (43.7%) |
| Renter Occupied HU | 7,918 (47.3%) |
| Vacant Housing Units | 1,490 ( 8.9%) |
| Median Home Value | $228,755 |
| Average Home Value | $270,415 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
13,053
Multi-Family
2,322
Businesses
396
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