The Redrock Plan, ViridianLubbockTX79423
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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 The Redrock Plan, Viridian, Lubbock, TX, 79423 priced at $356,990 converts $2,975/mo rent into $437/mo cash flow after a $1,747/mo obligation. Total monthly income equals $2,975/mo, and annual cash flow totals $5,240/yr on $118,342 invested. Return on cash invested prints 24.34% in year one, and rental yield reads 10% against a $356,990 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,630 by year five. Five-year ROI reaches 127.8% and total cumulative return in cash sums $151,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2026
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
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