The Elgin Plan, Everest HeightsLubbockTX79424
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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 The Elgin Plan, Everest Heights, Lubbock, TX, 79424 earns $546/mo cash flow from $2,338/mo rent with a $1,233/mo payment. Total monthly income totals $2,338/mo, and annual cash flow totals $6,557/yr on $83,535 capital. ROI tracks 27.76% on current figures, and rental yield reads 11.13% at a $251,990 purchase. Equity gained on principal adds $1,626/yr, and 5% annual appreciation supports $69,620 over five years. Five-year ROI reaches 146.18% and total cumulative return in cash sums $122,111. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,338/mo property income instead of your personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79424, Lubbock, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,278 (100%) |
| Owner Occupied HU | 16,106 (66.3%) |
| Renter Occupied HU | 6,693 (27.6%) |
| Vacant Housing Units | 1,479 ( 6.1%) |
| Median Home Value | $289,463 |
| Average Home Value | $348,962 |
Housing Distribution
Address Breakdown
Residential
24,084
Single Family
19,900
Multi-Family
4,184
Businesses
1,756
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