$119,000
6315 24th St, Lubbock, TX, 79407
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This 2-bedroom, 1-bath home with 1-car garage at 6315 24th St in Lubbock offers a strong investment return with minimal hassle. Currently leased at $1,045/month through June 2025, this 985 sq ft property generates $12,540 annually, delivering a solid 10.0% CAP Rate and ROI. Situated in the popular Frenship ISD and offering a large driveway with plenty of off-street parking, it's ideal for long-term tenants. The property is in a well-established residential neighborhood near Loop 289, shopping, and dining, which supports continued rental demand. With a low-maintenance layout and reliable tenant already in place, this home is priced competitively under market value—making it an excellent addition to any buy-and-hold portfolio. Available on its own or as part of a 6-property cash-flowing package that includes 6313 23rd St, 6210 22nd St, 6212 22nd St, and duplexes at 4423 & 4425 31st St.
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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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