1005 136th St · Lubbock, TX 79423

$78,750

3 bd · 2.0 ba · 1,860 sqft · SingleFamily public records · 26 Days on market

Built 1948 0.67 ac lot

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Why this score? — see what drove the B 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).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 2 bath home with fenced in front yard and minutes to downtown, shopping and commute. Any utilities not currently on, will not be turned on by any party. This home is currently being featured in an online auction on Hubzu. Check the website for auction window, terms and conditions.

Key facts

• Shopping and commute
• Minutes to downtown
• Fenced in front yard

Tags

• FENCED IN FRONT YARD
• MINUTES TO DOWNTOWN
• SHOPPING AND COMMUTE

Property features AI

Finance

• Other: Parcel: R99072; Subdivision: Winco Terrace; Directions: From downtown Lubbock take I-27-US-87 S, exit toward FM 1585, stay on US 87 frontage rd, turn right on 136th St.
• Financial info: Listing is Real Estate Owned; Accepting cash offers
• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: City water; City sewer; Individual gas meter; All-weather road access
• Home design: Single family residence; Residential property; One story; Built in 1948
• Construction: Frame construction; Asphalt roof; Slab foundation
• Exterior features: Chain link front-yard fencing; Interior lot

Interior

• Kitchen: Electric cooktop; Electric oven
• Bedrooms: 3 bedrooms (primary bedroom on level 1)
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air (electric)
• Interior features: Eat-in kitchen; Paneling; One living area; One dining area; One-level home
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $655 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Recommended offer: $78k (1.5% below list) — sets the bar for market timing.

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-, crime F.
• Lubbock-Cooper ISD (rural): math 54% / reading 52% proficiency, ranked #98 of 826 in TX (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lubbock-Cooper South El (math 52% / reading 55%, grade C, #686 of 4,322 statewide, top 16%, 739 students, 41% FRL).
• Market conditions: Rents rising (+2.1%/yr); 669 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $544 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 2.1% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: property tax is 3.6% of price; built in 1948 — 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 $77,568 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.15% ✓
• Cap rate: 16.27%
• Cash-on-cash: 35.62%
• DSCR: 2.58
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.13% rent growth · sell at horizon

5-year hold

• IRR: 30.2%
• Equity multiple: 2.25×
• Total profit: $27,568
• Equity at exit: $11,742

10-year hold

• IRR: 37.0%
• Equity multiple: 4.27×
• Total profit: $72,212
• Equity at exit: $6,809

Cash invested: $22,050 (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 79423

• Rents YoY: 2.1%
• Active inventory: 669
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,691 high
• Mortgage (P&I): −$413
• Tax from tax record: −$235 /mo · $2,824/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $655

Break-even live

Break-even rent $862

Max offer price $78,750

Occupancy floor 56%

Sensitivity live

Price	-10% $699	-5% $677	+0% $655	+5% $632	+10% $610
Rent	-10% $521	-5% $588	+0% $655	+5% $721	+10% $788
Rate	-1.0pp $694	-0.5pp $675	base $655	+0.5pp $634	+1.0pp $613

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: $19,688
• Closing costs: $2,362
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13809 Paris Ave Lubbock, TX	3.0	2.0	1300	$1,395	$1.07	44d	1	0.47mi
1628 133rd St Lubbock, TX	3.0	4.0	1526	$1,420	$0.93	44d	1	0.52mi
1630 133rd St Unit B Lubbock, TX	3.0	2.0	1526	$1,450	$0.95	44d	1	0.53mi
1634 133rd St Unit FS Lubbock, TX	3.0	2.0	1526	$1,649	$1.08	22d	1	0.55mi
1635 133rd St Unit A Lubbock, TX	3.0	2.0	1526	$1,500	$0.98	22d	1	0.55mi
1611 140th St Lubbock, TX	4.0	2.0	1703	$550	$0.32	22d	1	0.56mi
1705 141st St Lubbock, TX	3.0	2.0	1450	$1,795	$1.24	22d	1	0.64mi
13212 Avenue R Lubbock, TX	3.0	2.0	1450	$1,625	$1.12	14d	1	0.67mi
13212 Avenue S Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	22d	1	0.74mi
13213 Sherman Ave Lubbock, TX	4.0	2.0	1700	$1,950	$1.15	14d	1	0.77mi
1907 136th St Lubbock, TX	4.0	2.0	2050	$2,050	$1.00	14d	1	0.77mi
13808 Sherman Ave Lubbock, TX	3.0	2.0	1450	$1,650	$1.14	44d	1	0.78mi
13218 Sherman Ave Lubbock, TX	4.0	2.0	1700	$2,000	$1.18	44d	1	0.78mi
14102 Avenue V Lubbock, TX	3.0	2.0	1450	$1,500	$1.03	22d	1	1.10mi
13802 Avenue W Lubbock, TX	3.0	2.0	1820	$1,900	$1.04	14d	1	1.16mi
2309 134th St Lubbock, TX	3.0	2.0	1455	$1,799	$1.24	14d	1	1.29mi
2308 133rd St Lubbock, TX	3.0	2.0	1550	$1,700	$1.10	44d	1	1.29mi
2404 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	44d	1	1.39mi
14413 Avenue X Unit B Lubbock, TX	3.0	2.0	1350	$1,450	$1.07	44d	1	1.41mi
14408 Avenue X Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	14d	1	1.43mi
2410 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	44d	1	1.43mi
2410 144th St Unit A Lubbock, TX	3.0	2.0	1350	$1,500	$1.11	44d	1	1.43mi
2217 150th Pl Lubbock, TX	4.0	2.0	1773	$2,150	$1.21	14d	1	1.46mi
2415 144th St Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	14d	1	1.48mi
2529 138th St Lubbock, TX	2.0	2.5	1249	$1,400	$1.12	22d	1	1.50mi
2607 135th St Lubbock, TX	3.0	2.0	1518	$1,500	$0.99	44d	1	1.50mi

Listing history 4 events

1. 2026-05-30
   statusdays on market $78,750 Pending 26 DOM

   Show marketing remark (292 chars)

   3 bedroom, 2 bath home with fenced in front yard and minutes to downtown, shopping and commute. Any utilities not currently on, will not be turned on by any party. This home is currently being featured in an online auction on Hubzu. Check the website for auction window, terms and conditions.

2. 2026-05-04
   listed $78,750 Active 292-char remark

   Show marketing remark (292 chars)

   3 bedroom, 2 bath home with fenced in front yard and minutes to downtown, shopping and commute. Any utilities not currently on, will not be turned on by any party. This home is currently being featured in an online auction on Hubzu. Check the website for auction window, terms and conditions.

3. 2026-05-04
   listed $78,750 Active 292-char remark

   Show marketing remark (292 chars)

   3 bedroom, 2 bath home with fenced in front yard and minutes to downtown, shopping and commute. Any utilities not currently on, will not be turned on by any party. This home is currently being featured in an online auction on Hubzu. Check the website for auction window, terms and conditions.

4. 1966-10-01
   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: $2,824 · $235/mo
• Projected year-2 tax: $2,824 · $235/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,287
• − Mortgage interest: −$4,411
• − Property taxes: −$2,824
• − Insurance: −$394
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − Depreciation: −$2,291
• Taxable income: $7,122
• Est. tax owed @ 24.0%: −$1,709
• After-tax cash flow: $6,145/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-Cooper ISD
• NCES district ID: 4815180
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $77,347
• Composite: 47.9/100
• National rank: #2214
• State rank: #98 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

• County: Lubbock County · 293,542 people
• City population: 283,030
• Metro: Lubbock, TX
• Population (ZIP): 46,998
• Household income: $84,933
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 1385.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 13% Tagalog/Filipino 1% Other Asian/Pacific 1%

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: ▼ -155.00%
• Current HPI: 213.6491
• Rent YoY: ▲ 2.13%
• 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

+0.0% since first listed

5 events — show timeline

• 2026-05-30 Pending — LARMLS
• 2026-05-30 Pending — NTREIS
• 2026-05-04 Listed $78,750 NTREIS
• 2026-05-04 Listed $78,750 LARMLS
• 1966-10-01 Sold (Public Records) — Public Records

Property tax history

+9.9%/yr

Latest (2025): $2,824 · +17.5% YoY. Source: county tax records.