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$4,490,000

3402 Package Property, Lubbock, TX, 79415

Off MarketInfo
Baths0 Bath

Property Lead Type:

Off-Market List

About this property

This 25 property package features 4 bedroom 2 bathroom 2 car garage homes. It is a prime investment opportunity. The properties are about a year old, so should have very little maintenance. They are approximately 97% occupied with 56% pre-leased for the 2019-2020 school year. All 25 units are on the same street and are minutes from Texas Tech & Lubbock Christian University as well as UMC & Covenant Health. Call or email for additional information today.

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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$26,940 /month
Positive
Cash Flow Estimate:
$8,980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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3402 Package Property | Property Details | No Agent List