6315 24th St, Lubbock, TX 79407

This 3-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.