1604 55th St

Lubbock, TX 79412
image0

3 bd, 2 ba | 2,360 sqft | Built in 1968

slider image
slider image
slider image
List Price
$214,900

Initial Investment

$58,560

Purchase Price

$214,900

Down Payment

25%

Rent

$1,710

Total Return

$52,235

Annualized Return

13.4%

Cap Rate

5.4%

Gross Yield

9.5%

Cash Flow

-$920

Appreciation

4.8%
refreshReset to Default
Edit Assumptions
Features

Lot Size

10,160

HOA

None

Flood Risk

Not Required

With 3-bedroom, 2-bathroom and over 2,300 square feet of thoughtfully designed living space, makes it perfect for anyone looking to enjoy the finer things in life. As you enter the home, you'll be greeted by warm hardwood flooring that spans throughout most of the space, creating an inviting atmosphere. The open-concept living room features a gigantic, eye-catching fireplace, beautifully accented by wood beams, offering the perfect setting for cozy evenings with friends and family. The isolated main suite provides a private retreat, complete with an en-suite bathroom and generous closet space. The two additional bedrooms offer ample space for family members or guests, with a shared, well-appointed bathroom. Natural light pours into the charming sunroom, making it the ideal spot for a morning coffee, reading nook, or quiet relaxation. Schedule a private showing today and experience the unparalleled charm and comfort this residence has to offer.

See more in Analysis
Zane Ancell
Progressive Properties
TX Agent License #776299
Annual Financial Highlights

Expected Rent

$19,494

Expenses

-$4,731

Property Taxes

-$4,000

Loan Payments

-$11,683

Net Cash Flow

-$920

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Similar Listings