4405 47th St · Lubbock, TX 79414

$147,500

3 bd · 2.0 ba · 1,491 sqft · SingleFamily public records · 37 Days on market

Built 1957 7,140 sqft lot $99/sqft · 19% below area Est $182k · 19% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sold Before Issue

Key facts

• Recent updates
• 7,140 sq ft lot
• 2 parking spots

Tags

• RECENT UPDATES
• EASY ACCESS TO MARSHA SHARP
• LOCATED IN LUBBOCK ISD

Property features AI

Finance

• Other: Property type: Single Family Residence

Exterior

• Parking: Carport (2 spaces); Additional parking; Off-street parking; On-street parking
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Public maintained road access; City street frontage
• Home design: Single family residence; Residential; Updated/remodeled
• Construction: Brick construction; Composition roof; Pillar/post/pier foundation; Built area approximately 1,491
• Exterior features: Private yard; Back yard; Front yard; City lot

Interior

• Kitchen: Range; Refrigerator
• Flooring: Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Ceiling fan(s); Electric cooling
• Interior features: Storage; Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $41 ($486/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (7.7% below list).
• Recommended offer: $136k (7.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#37 in TX, #1,749 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools D+, crime F.
• Lubbock ISD (urban): math 36% / reading 39% proficiency, ranked #481 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 89 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 33% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,203 (7.7% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.18%
• DSCR: 1.05
• GRM: 9.0

CMA / ARV

• ARV (median comp): $182,046
• List price: $147,500
• Delta: -18.98%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.41×
• Total profit: $-24,556
• Equity at exit: $21,993

10-year hold

• IRR: -14.6%
• Equity multiple: 0.26×
• Total profit: $-30,693
• Equity at exit: $12,753

Cash invested: $41,300 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79414

• Home prices YoY: -27.8%
• Rents YoY: 0.6%
• Active inventory: 89
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,362 high
• Mortgage (P&I): −$774
• Tax from tax record: −$201 /mo · $2,406/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $41

Break-even live

Break-even rent $1,311

Max offer price $147,500

Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,368	$1.27	13d	9	0.27mi
4320 52nd St Unit B Lubbock, TX	2.0	1.5	1200	$1,395	$1.16	44d	1	0.27mi
4314 52nd St Unit A Lubbock, TX	3.0	2.0	1863	$1,400	$0.75	21d	1	0.28mi
4210 52nd St Lubbock, TX	3.0	2.0	1715	$1,575	$0.92	13d	1	0.35mi
4313 53rd St Unit B Lubbock, TX	2.0	1.5	1368	$1,200	$0.88	44d	1	0.37mi
4310 42nd St Lubbock, TX	3.0	2.0	1754	$1,700	$0.97	44d	1	0.39mi
4315 41st St Lubbock, TX	3.0	2.0	1558	$1,450	$0.93	21d	1	0.40mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	44d	1	0.41mi
4413 40th St Lubbock, TX	3.0	1.0	1152	$1,350	$1.17	21d	1	0.41mi
4602 54th St Lubbock, TX	1.0–2.0	1.0–2.0	764	$975	$1.28	13d	11	0.45mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	44d	1	0.47mi
4213 54th St Lubbock, TX	3.0	2.0	1680	$1,550	$0.92	13d	1	0.47mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	13d	1	0.49mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	21d	1	0.54mi
4409 38th St Lubbock, TX	3.0	1.5	1000	$1,350	$1.35	13d	1	0.58mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	44d	1	0.60mi
3712 47th St Lubbock, TX	3.0	2.0	1767	$1,400	$0.79	21d	1	0.60mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	21d	1	0.61mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	21d	1	0.67mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	13d	1	0.67mi
4313 58th St Lubbock, TX	2.0	1.5	1165	$1,099	$0.94	44d	1	0.68mi
4303 58th St Unit a Lubbock, TX	2.0	1.5	1170	$1,050	$0.90	44d	1	0.69mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	13d	1	0.72mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	44d	1	0.72mi
4907 41st St Lubbock, TX	3.0	2.0	1196	$1,200	$1.00	44d	1	0.73mi
3631 54th St Lubbock, TX	2.0	1.5	1145	$1,099	$0.96	44d	1	0.74mi
3612 44th St Lubbock, TX	3.0	2.0	1675	$1,850	$1.10	44d	1	0.75mi
4702 37th St Lubbock, TX	3.0	1.0	900	$1,150	$1.28	13d	1	0.75mi
5018 Kenosha Ave Lubbock, TX	2.0	1.5	1245	$1,275	$1.02	13d	1	0.78mi
4711 58th St Unit A Lubbock, TX	3.0	1.5	1100	$1,025	$0.93	21d	1	0.78mi
5202 Kenosha Ave Lubbock, TX	2.0	1.0–1.5	1082	$1,022	$0.94	21d	1	0.80mi
4608 60th St Lubbock, TX	3.0	2.0	1769	$1,650	$0.93	21d	1	0.80mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	21d	1	0.81mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	44d	1	0.81mi
5302 Kenosha Ave Unit 5330 Lubbock, TX	2.0	1.5	1300	$1,050	$0.81	44d	1	0.81mi
5302 Kenosha Ave Unit 5324 Kenosha Lubbock, TX	2.0	1.5	1300	$950	$0.73	13d	1	0.81mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	44d	1	0.81mi
5324 Kenosha Ave Lubbock, TX	2.0	1.5	1300	$950	$0.73	13d	1	0.81mi
3806 58th St Unit B Lubbock, TX	2.0	1.0	1150	$900	$0.78	13d	1	0.81mi
5011 52nd St Lubbock, TX	3.0	2.0	1292	$1,500	$1.16	21d	1	0.82mi

Listing history 33 events

1. 2026-06-18
   days on market $147,500 Active 37 DOM
2. 2026-06-17
   days on market $147,500 Active 36 DOM
3. 2026-06-16
   days on market $147,500 Active 35 DOM
4. 2026-06-15
   days on market $147,500 Active 34 DOM
5. 2026-06-14
   days on market $147,500 Active 32 DOM
6. 2026-06-13
   days on market $147,500 Active 31 DOM
7. 2026-06-10
   days on market $147,500 Active 29 DOM
8. 2026-06-09
   days on market $147,500 Active 28 DOM
9. 2026-06-08
   days on market $147,500 Active 27 DOM
10. 2026-06-07
    statusdays on market $147,500 Active 26 DOM
11. 2026-05-15
    price $147,500 335-char remark
12. 2026-05-04
    price $149,000 335-char remark
13. 2026-04-26
    listed $155,000 Active 335-char remark
14. 2025-03-21
    historical $1,295
15. 2025-02-22
    listed $1,200
16. 2023-12-14
    historical $1,200
17. 2023-11-21
    price $1,200
18. 2023-11-02
    listed $1,250
19. 2023-10-20
    historical $1,250
20. 2023-10-15
    listed $1,250
21. 2023-09-27
    price $155,000
22. 2023-09-01
    soldstatus
23. 2023-08-25
    soldstatus

    Show marketing remark (17 chars)

    Sold Before Issue

24. 2023-08-25
    listed $115,000

    Show marketing remark (17 chars)

    Sold Before Issue

25. 2018-06-29
    soldstatus
26. 2018-06-27
    soldstatus
27. 2018-06-15
    listed $95,000
28. 2014-10-09
    soldstatus
29. 2014-10-07
    soldstatus
30. 2014-08-29
    listed $79,950
31. 2008-10-29
    soldstatus
32. 2001-03-05
    soldstatus
33. 1982-04-01
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,406 · $201/mo
• Projected year-2 tax: $2,699 · $225/mo
• Expected delta: +$293/yr (+$24/mo · 12.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,344
• − Mortgage interest: −$8,262
• − Property taxes: −$2,406
• − Insurance: −$738
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$4,291
• Taxable loss: −$1,968
• Est. tax savings @ 24.0%: +$472
• After-tax cash flow: $958/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lubbock ISD
• NCES district ID: 4828500
• Math proficiency: 36% ▼ -8.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,820
• Composite: 31.44/100
• National rank: #5984
• State rank: #481 of 826 in TX

Livability — Lubbock

• Score: 80/100
• State rank: #37
• US rank: #1749

Category grades

Amenities A Commute A+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lubbock, TX
• County: Lubbock County · 293,542 people
• City population: 283,030
• Metro: Lubbock, TX
• Population (ZIP): 17,596
• Household income: $49,057
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 1330.0

Population outlook (Lubbock County) Hauer SSP2

• Today (2025): 345,960 people
• By 2030: 371,449 · +7.4%
• By 2040: 424,539 · +22.7%
• By 2050: 481,150 · +39.1%
• By 2075: 633,467 · +83.1%
• By 2100: 746,853 · +115.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 47% Hispanic / Latino 39% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 82% English-only · Spanish 16%

Political lean MEDSL · Lubbock

• 2024 margin: Solid R (+39.5) · D 29.7% · R 69.2% · Other 1.0%
• 2008→2024 swing: -2.8pp toward R · 2008: -36.7pp · 2024: -39.5pp
• All cycles: 2024: R+39.5 2020: R+32.2 2016: R+38.4 2012: R+40.9 2008: R+36.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.31%
• Current HPI: 247.7963
• Rent YoY: ▲ 0.56%
• Metro: Lubbock, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+84.5% since first listed

25 events — show timeline

• 2026-06-06 Relisted — LARMLS
• 2026-05-21 Pending — LARMLS
• 2026-05-15 Price Changed $147,500 LARMLS
• 2026-05-04 Price Changed $149,000 LARMLS
• 2026-04-26 Listed $155,000 LARMLS
• 2025-03-21 Rental Removed $1,295 BUILDIUM
• 2025-02-22 Listed for Rent $1,200 BUILDIUM
• 2023-12-14 Rental Removed $1,200 BUILDIUM
• 2023-11-21 Price Changed $1,200 BUILDIUM
• 2023-11-02 Listed for Rent $1,250 BUILDIUM
• 2023-10-20 Rental Removed $1,250 BUILDIUM
• 2023-10-15 Listed for Rent $1,250 BUILDIUM
• 2023-09-27 Price Changed $155,000 LARMLS
• 2023-09-01 Sold (Public Records) — Public Records
• 2023-08-25 Listed $115,000 LARMLS
• 2023-08-25 Sold (MLS) — LARMLS
• 2018-06-29 Sold (Public Records) — Public Records
• 2018-06-27 Sold (MLS) — LARMLS
• 2018-06-15 Listed $95,000 LARMLS
• 2014-10-09 Sold (Public Records) — Public Records
• 2014-10-07 Sold (MLS) — LARMLS
• 2014-08-29 Listed $79,950 LARMLS
• 2008-10-29 Sold (Public Records) — Public Records
• 2001-03-05 Sold (Public Records) — Public Records
• 1982-04-01 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2025): $2,406 · -16.1% YoY. Source: county tax records.