Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
35
Values Hold at $282K; Yields at 8.5%
Updated 12 days ago • 11 new comps
Your Investment Paths
Turnkey Rental
The property shows strong potential as a rental investment. With monthly income projected between $1,785 and $2,151, you can expect an attractive annual yield of approximately 8.55% based on current market performance in Lubbock. This solid rental return, combined with a steady market appreciation rate of nearly 1%, makes this a compelling opportunity. The consistent demand in the area supports these figures, positioning this asset for reliable long-term growth.
More about this home
Neighborhood Assessment
The Raintree neighborhood in Lubbock offers solid value with established infrastructure including highly-rated Honey Elementary (8/10) nearby and proximity to major parks and shopping. The 92nd Street corridor shows consistent pricing in the $276K–$301K range for comparable 3-bed homes, positioning this property competitively at $276K. However, the 1977 build year and modest price-per-sqft ($110) relative to newer comps suggest the home may need updates to command premium pricing.
Market Activity
+ Ask a question in the app
Rental Income
$24K
Yield
8.6%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a compelling way to stand out. While baseline properties average $125.69 per square foot, updated homes reach $129.48, representing a 3% increase in value that enhances both charm and overall appeal. This upgrade unlocks fresh sell potential and elevates your living experience. With modest gains of nearly $10,000 in added value, refreshing your space creates a modern, inviting atmosphere that resonates deeply with today's buyers and renters.
Value Add
$10K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an after-repair value between $309,000 and $342,000. Renovations capitalize on local market trends, boosting value effectively while positioning the home competitively within the 2,500-square-foot bracket. Monthly rental income is projected at $2,119, delivering a healthy 7.8% yield. Given the stable local market and reliable demand for three-bedroom homes, this project provides a balanced approach to long-term cash flow and appreciation.
Rental Income
$25K
Yield
7.8%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$276K
$6.4K below comp median
Comparative Market Analysis
$245K – $350K
~20 days to sell
Based on 8 comps
3408 92nd St, Lubbock Investment Report: Flip & Rental Analysis · Frontflip