304 3rd St · Wolfforth, TX 79382

$131,000

3 bd · 2.0 ba · 1,368 sqft · Manufactured public records · 105 Days on market

Built 2020 5,750 sqft 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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2020-built home offers 3 bedrooms, 2 bathrooms, and an open-concept floor plan. The kitchen is spacious and functional. The home includes central heating and air for year-round comfort. Situated on a manageable lot in the Frenship ISD, this property provides convenient access to schools and amenities. A practical, move-in-ready option for anyone looking to settle in Wolfforth. Offering closing cost assistance of $2500

Key facts

• Manageable lot
• Move-in-ready option
• 5,750 sq ft lot

Tags

• OPEN-CONCEPT FLOOR PLAN
• CENTRAL HEATING AND AIR
• MANAGEABLE LOT
• CONVENIENT ACCESS TO SCHOOLS
• MOVE-IN-READY OPTION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $131k.

Deal economics

• At list price, monthly cash flow is $577 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $131k).
• Recommended offer: $119k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#43 in TX, #1,872 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Frenship ISD (urban): math 47% / reading 54% proficiency, ranked #162 of 826 in TX (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 472 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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

• In year one you build about $14k of equity ($906 loan paydown + $13k appreciation (10.0% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $37k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $119,210 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 1.36% ✓
• Cap rate: 11.58%
• Cash-on-cash: 18.88%
• DSCR: 1.84
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.3%
• Equity multiple: 3.95×
• Total profit: $108,081
• Equity at exit: $118,015

10-year hold

• IRR: 33.0%
• Equity multiple: 8.89×
• Total profit: $289,334
• Equity at exit: $254,504

Cash invested: $36,680 (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 79382

• Active inventory: 472
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,777 high
• Mortgage (P&I): −$687
• Tax from tax record: −$85 /mo · $1,021/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $577

Break-even live

Break-even rent $1,046

Max offer price $131,000

Occupancy floor 63%

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: $32,750
• Closing costs: $3,930
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Brooke Blvd Wolfforth, TX	3.0	2.5	1714	$1,757	$1.03	13d	2	0.28mi
405 Ranger St Wolfforth, TX	4.0	2.0	1866	$2,450	$1.31	13d	1	0.31mi
611 E 14th St Wolfforth, TX	3.0	2.0	1299	$1,725	$1.33	43d	1	0.84mi
811 11th St Wolfforth, TX	3.0	2.0	1523	$1,595	$1.05	43d	1	0.86mi
1313 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1550	$1,850	$1.19	13d	1	0.87mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	13d	1	0.88mi
906 11th St Wolfforth, TX	3.0	2.0	1731	$2,000	$1.16	43d	1	0.90mi
1019 Donald Preston Dr Unit A Wolfforth, TX	3.0	2.0	1400	$1,275	$0.91	21d	1	1.04mi
1019 Donald Preston Dr Unit A Wolfforth, TX	3.0	2.0	1400	$1,275	$0.91	43d	1	1.04mi
1712 Corpus Ave Wolfforth, TX	2.0	2.0	1335	$1,375	$1.03	43d	1	1.10mi
1216 Donald Preston Dr Unit B Wolfforth, TX	3.0	2.0	1450	$1,400	$0.97	43d	1	1.12mi
1224 Donald Preston Dr Unit B Wolfforth, TX	3.0	2.0	1400	$1,550	$1.11	43d	1	1.12mi
304 E 19th St Wolfforth, TX	3.0	2.0	1114	$1,150	$1.03	13d	1	1.12mi
723 E 17th St Wolfforth, TX	3.0	2.0	1670	$1,800	$1.08	43d	1	1.14mi
132 Calvin Dr Wolfforth, TX	4.0	2.0	1652	$2,300	$1.39	13d	1	1.15mi
7811 86th St Lubbock, TX	3.0	2.0	1710	$2,025	$1.18	21d	1	1.19mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	13d	1	1.21mi
7729 92nd St Lubbock, TX	4.0	3.0	1810	$2,495	$1.38	21d	1	1.21mi
2304 Corpus Ave Wolfforth, TX	3.0	2.0	1316	$1,425	$1.08	43d	1	1.22mi
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	43d	1	1.23mi
2001 Bryan Ave Unit B Wolfforth, TX	3.0	2.0	1360	$1,400	$1.03	43d	1	1.23mi
2001 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1316	$1,500	$1.14	13d	1	1.24mi
2001 Corpus Ave Unit 2001 B Corpus Wolfforth, TX	3.0	2.0	1350	$1,500	$1.11	21d	1	1.24mi
2008 Bryan Ave Unit Harvest-2008 A Bryan Wolfforth, TX	3.0	2.0	1223	$1,400	$1.14	43d	1	1.27mi
2006 Corpus Ave Unit A Wolfforth, TX	3.0	2.0	1223	$1,425	$1.17	13d	1	1.28mi
2418 Aberdeen Ave Wolfforth, TX	3.0	2.0	1450	$1,799	$1.24	43d	1	1.28mi
2408 Aberdeen Ave Wolfforth, TX	4.0	2.0	1703	$2,100	$1.23	21d	1	1.28mi
2011 Bryan Ave Wolfforth, TX	3.0	2.0	1350	$1,450	$1.07	43d	1	1.29mi
816 N 4th St Wolfforth, TX	4.0	2.0	1750	$2,100	$1.20	43d	1	1.29mi
407 E 21st St Wolfforth, TX	3.0	2.0	1360	$1,399	$1.03	21d	1	1.31mi

Listing history 21 events

1. 2026-06-18
   days on market $131,000 Active 105 DOM
2. 2026-06-17
   days on market $131,000 Active 104 DOM
3. 2026-06-16
   days on market $131,000 Active 103 DOM
4. 2026-06-15
   days on market $131,000 Active 102 DOM
5. 2026-06-13
   days on market $131,000 Active 99 DOM
6. 2026-06-10
   days on market $131,000 Active 97 DOM
7. 2026-06-09
   days on market $131,000 Active 96 DOM
8. 2026-06-08
   days on market $131,000 Active 95 DOM
9. 2026-06-07
   days on market $131,000 Active 94 DOM
10. 2026-06-05
    days on market $131,000 Active 91 DOM
11. 2026-06-03
    days on market $131,000 Active 90 DOM
12. 2026-06-02
    days on market $131,000 Active 89 DOM
13. 2026-06-01
    days on market $131,000 Active 88 DOM
14. 2026-05-31
    days on market $131,000 Active 87 DOM
15. 2026-05-30
    days on market $131,000 Active 86 DOM
16. 2026-03-05
    listed $131,000 Active 426-char remark

    Show marketing remark (426 chars)

    This 2020-built home offers 3 bedrooms, 2 bathrooms, and an open-concept floor plan. The kitchen is spacious and functional. The home includes central heating and air for year-round comfort. Situated on a manageable lot in the Frenship ISD, this property provides convenient access to schools and amenities. A practical, move-in-ready option for anyone looking to settle in Wolfforth. Offering closing cost assistance of $2500

17. 2021-05-25
    soldstatus 161-char remark

    Show marketing remark (161 chars)

    Beautiful new manufactured home presented by Clayton Homes. 3 Bedroom 2 bath move in ready. Open concept for kitchen, dining, and living area. Low E Glass Window

18. 2020-12-09
    listed $131,000 161-char remark

    Show marketing remark (161 chars)

    Beautiful new manufactured home presented by Clayton Homes. 3 Bedroom 2 bath move in ready. Open concept for kitchen, dining, and living area. Low E Glass Window

19. 2019-09-30
    soldstatus
20. 2019-08-07
    listed $97,500
21. 1989-06-01
    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: $1,021 · $85/mo
• Projected year-2 tax: $2,397 · $200/mo
• Expected delta: +$1,376/yr (+$115/mo · 134.7%)

ⓘ 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 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,323
• − Mortgage interest: −$7,338
• − Property taxes: −$1,021
• − Insurance: −$655
• − Repairs & maintenance: −$1,706
• − Management: −$1,706
• − Depreciation: −$3,811
• Taxable income: $5,086
• Est. tax owed @ 24.0%: −$1,221
• After-tax cash flow: $5,705/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: Frenship ISD
• NCES district ID: 4819830
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 54% ▬ 0.00%
• Median HH income: $54,376
• Composite: 43.59/100
• National rank: #2976
• State rank: #162 of 826 in TX

Livability — Wolfforth

• Score: 80/100
• State rank: #43
• US rank: #1872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wolfforth, TX
• County: Lubbock County · 293,542 people
• City population: 10,512
• Metro: Lubbock, TX
• Population (ZIP): 10,512
• Household income: $84,457
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 135.0

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 (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 18% Black 1%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Italian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 85% English-only · Spanish 14%

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: ▲ 166.08%
• Current HPI: 561.4491
• Rent YoY: —
• 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

+34.4% since first listed

6 events — show timeline

• 2026-03-05 Listed $131,000 LARMLS
• 2021-05-25 Sold (MLS) — LARMLS
• 2020-12-09 Listed $131,000 LARMLS
• 2019-09-30 Sold (MLS) — LARMLS
• 2019-08-07 Listed $97,500 LARMLS
• 1989-06-01 Sold (Public Records) — Public Records

Property tax history

+22.7%/yr

Latest (2025): $1,021 · +12.8% YoY. Source: county tax records.