7602 60th St, Lubbock, TX, 79407
About This Home
Investor Opportunity - 15 Newer Income-Producing Homes in Lubbock, TX Presenting a rare chance to acquire 15 newer homes (all built in 2022) in one of Lubbock's most desirable areas. All properties are fully occupied, generating strong and stable income, with most tenants being long term and turnover historically re-leased in under 30 days. This makes for a secure, turnkey portfolio investment with proven cash flow. Located within the highly ranked Frenship ISD, these homes sit on two adjoining cul-de-sac streets, creating unmatched efficiency for property management. The portfolio includes five unique floor plans, a mix of 3- and 4-bedroom homes with 2-3 bathrooms, tall ceilings, open layouts, and modern finishes including granite countertops, stainless steel appliances (refrigerators included), and durable vinyl plank flooring. Every home features gas cooking, sprinkler systems in both yards, and two-car garages. Additional highlights include a 10-year structural warranty valid through August 2032, minimal maintenance due to new construction, and proximity to top-rated schools, major employers, and Texas Tech University. Financial performance is strong, with a 6% cap rate, 100% occupancy, and tenants responsible for utilities and yard care. Property management can continue under at a discounted rate, making this a seamless investment transition. This package offers flexibility: purchase all 15 homes together, split into smaller groups, or even buy individual properties. Financing is available through a local lender with competitive terms, further enhancing the appeal of this high-demand rental opportunity.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Package Property,Residential
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Gas Range,Microwave,Oven
- Laundry features: Electric Dryer Hookup,Laundry Room,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 54
- Bathrooms: 33
- Full bathrooms: 33
Features
- Double Vanity,Granite Counters,High Ceilings,Walk-In Closet(s)
- Flooring: Carpet,Tile,Vinyl
- Number of fireplaces: 15
- Fireplace: Yes
- Finished area above ground: 30,117
Heating & Cooling
- Heating features: Central,Natural Gas
- Cooling features: Ceiling Fan(s),Central Air,Electric
Interior Area
- Total structure area: 30,117
- Total interior livable area: 30,117 sqft
Property
Details
- Parcel number: R342942
Features
- Patio & porch: Covered,Front Porch,Rear Porch
- Exterior features: Private Yard
- Fencing: Back Yard,Fenced
Lot
- Lot size: 2.30 Acres
Parking
- Total spaces: 30
- Parking features: Attached,Garage,On Street
- Has garage: Yes
- Attached garage spaces: 30
- Covered spaces: 30
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Tornado
- Cold Wave
- Drought
- Inland Flooding
- Winter Weather
- Ice Storm
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,376 | $232,512 |
| Home Insurance * | $3,744 | $44,928 |
| Property Taxes | $6,358 | $76,296 |
| Electricity | $3,307 | $39,684 |
| Total | $32,785 | $393,420 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-10 | Listed for sale | $4,400,000 |
| 2026-03-06 | Listing removed | $4,700,000 |
| 2025-09-03 | Listed for sale | $4,700,000 |
| 2025-06-13 | Listing removed | $2,200 |
| 2025-04-30 | Listed for rent | $2,200 |
| 2025-04-29 | Listing removed | $284,000 |
| 2025-03-11 | Listed for sale | $284,000 |
| 2025-03-01 | Listing removed | $284,000 |
| 2025-02-19 | Price change | $284,000 |
| 2025-02-14 | Price change | $285,000 |
| 2025-02-12 | Price change | $286,000 |
| 2025-02-06 | Price change | $287,000 |
| 2025-01-31 | Price change | $288,000 |
| 2024-12-19 | Listing removed | $2,200 |
| 2024-12-18 | Listed for sale | $289,000 |
| 2024-12-06 | Price change | $2,200 |
| 2024-11-29 | Listed for rent | $2,300 |
| 2024-11-21 | Listing removed | $2,300 |
| 2024-10-02 | Listed for rent | $2,300 |
| 2022-09-08 | Sold | -- |
| 2022-01-27 | Listing removed | -- |
| 2021-10-20 | Listed for sale | $263,950 |
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