$109,000
6313 23rd St, Lubbock, TX, 79407
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This 2-bedroom, 2-bath brick home at 6313 23rd St in Lubbock is a standout rental investment! Currently leased at $950/month through May 2024, this 920 sq ft property generates $11,400 in annual rental income—offering a 9.5% CAP Rate and ROI. With a low-maintenance layout, single-car garage, lots of off-street parking, in the popular Frenship ISD -- this property currently has a reliable tenant in place and is ready to start cash flowing from day one. Located just minutes from Texas Tech and local amenities, this area draws consistent rental demand. Priced competitively under market value, it offers built-in equity and strong performance potential. Whether you're a new or seasoned investor, this property is part of a rare 6-property portfolio package also featuring 6315 24th St, 6210 22nd St, 6212 22nd St, and duplexes at 4423 & 4425 31st St. Buy individually or as a complete set to scale your rental income instantly!
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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