911 E 37th St · Lubbock, TX 79404

$120,000

4 bd · 2.0 ba · 1,450 sqft · MultiFamily public records · 44 Days on market

Built 1984 ↓ 6% since listing

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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
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Don't miss this solid income-producing duplex in a convenient Lubbock location! This property features 2 bedrooms and 1 bath on each side, making it an ideal addition to any investor's portfolio. Both units currently rented, Total monthly income: $1,250 , Updated interior and improvements already completed . Turnkey investment with immediate cash flow Whether you're looking to expand your rental portfolio or get started in real estate investing, this property offers steady income and low hassle. Reach out today for more details or to schedule a showing!

Key facts

• Fresh paint
• Updated duplex
• Two separate units

Tags

• UPDATED DUPLEX
• TWO SEPARATE UNITS
• FRESH PAINT
• NEW CHAIN-LINK FENCE
• CONVENIENT ACCESS

Property features AI

Exterior

• Parking: Driveway; Paved parking; Other parking
• Utilities: Public water
• Home design: Duplex residential income property; Single-story; Updated/remodeled
• Construction: Masonite exterior; Composition roof; Slab foundation; Built as multifamily (duplex)
• Exterior features: Chain link fencing; Back yard; Paved public street frontage; Publicly maintained paved road

Interior

• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans for cooling
• Interior features: Ceiling fans; Aluminum window frames
• Laundry & utility: No laundry hookups

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $120k.

Deal economics

• At list price, monthly cash flow is $457 ($5k/yr) — positive. Per door: $229/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% 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 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.
• Zoned schools: Harwell El (math 34% / reading 37%, grade F, #1,946 of 4,322 statewide, top 45%, 410 students, 88% FRL); Dunbar College Preparatory Academy (math 16% / reading 20%, grade F, #1,491 of 1,662 statewide, top 91%, 430 students, 97% FRL, charter); Estacado H S (math 26% / reading 29%, grade F, #1,183 of 1,632 statewide, top 73%, 897 students, 90% FRL) — zoned schools average 92% FRL vs 60% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 91 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 38% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $5k of equity ($830 loan paydown + $4k appreciation (3.2% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 8, 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 44 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 10.87%
• Cash-on-cash: 16.33%
• DSCR: 1.73
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.22% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.3%
• Equity multiple: 2.34×
• Total profit: $45,033
• Equity at exit: $55,473

10-year hold

• IRR: 24.0%
• Equity multiple: 4.51×
• Total profit: $117,788
• Equity at exit: $86,688

Cash invested: $33,600 (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 79404

• Home prices YoY: 2.0%
• Active inventory: 91
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,625 high
• Mortgage (P&I): −$629
• Tax from tax record: −$147 /mo · $1,765/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $457

Break-even live

Break-even rent $1,046

Max offer price $120,000

Occupancy floor 67%

Sensitivity live

Price	-10% $525	-5% $491	+0% $457	+5% $423	+10% $389
Rent	-10% $329	-5% $393	+0% $457	+5% $522	+10% $586
Rate	-1.0pp $518	-0.5pp $488	base $457	+0.5pp $426	+1.0pp $395

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,624
Total (2 units)			$1,625

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
505 E 37th St Lubbock, TX	3.0	1.0	960	$1,125	$1.17	15d	1	0.33mi
3113 Teak Ave Lubbock, TX	3.0	1.0	1088	$695	$0.64	22d	1	0.68mi
3113 Teak Ave Lubbock, TX	3.0	1.0	1088	$750	$0.69	45d	1	0.68mi
2603 Elm Ave Lubbock, TX	3.0	2.0	1214	$1,175	$0.97	45d	1	0.81mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	15d	1	0.83mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	45d	1	0.86mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	15d	1	0.99mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	15d	1	1.02mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	15d	1	1.05mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	15d	1	1.07mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	15d	1	1.09mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	15d	1	1.14mi
2906 Beech Ave Lubbock, TX	3.0	1.0	912	$1,200	$1.32	45d	1	1.16mi
2806 E 30th St Lubbock, TX	3.0	1.0	912	$900	$0.99	45d	1	1.18mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	22d	1	1.23mi
313 52nd St Lubbock, TX	4.0	1.0	1044	$975	$0.93	22d	1	1.24mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	22d	1	1.46mi

Listing history 27 events

1. 2026-06-18
   days on market $120,000 Active 44 DOM
2. 2026-06-17
   days on market $120,000 Active 43 DOM
3. 2026-06-16
   days on market $120,000 Active 42 DOM
4. 2026-06-15
   days on market $120,000 Active 41 DOM
5. 2026-06-14
   days on market $120,000 Active 39 DOM
6. 2026-06-13
   days on market $120,000 Active 38 DOM
7. 2026-06-10
   days on market $120,000 Active 36 DOM
8. 2026-06-09
   days on market $120,000 Active 35 DOM
9. 2026-06-08
   days on market $120,000 Active 34 DOM
10. 2026-06-07
    days on market $120,000 Active 33 DOM
11. 2026-06-05
    days on market $120,000 Active 30 DOM
12. 2026-06-03
    days on market $120,000 Active 29 DOM
13. 2026-06-02
    days on market $120,000 Active 28 DOM
14. 2026-06-01
    days on market $120,000 Active 27 DOM
15. 2026-05-31
    days on market $120,000 Active 26 DOM
16. 2026-05-30
    days on market $120,000 Active 25 DOM
17. 2026-05-05
    listed $120,000 Active 560-char remark
18. 2025-07-09
    price $115,000
19. 2025-06-22
    price $120,000
20. 2025-02-14
    price $124,000
21. 2024-12-23
    price $128,000
22. 2023-06-08
    historical
23. 2022-09-23
    soldstatus
24. 2022-09-23
    soldstatus
25. 2022-05-12
    soldstatus
26. 2022-05-04
    soldstatus
27. 2011-06-02
    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: $1,765 · $147/mo
• Projected year-2 tax: $2,196 · $183/mo
• Expected delta: +$431/yr (+$36/mo · 24.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥100°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: $19,500
• − Mortgage interest: −$6,722
• − Property taxes: −$1,765
• − Insurance: −$600
• − Repairs & maintenance: −$1,560
• − Management: −$1,560
• − Depreciation: −$3,491
• Taxable income: $3,802
• Est. tax owed @ 24.0%: −$912
• After-tax cash flow: $4,576/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): 8,529
• Household income: $51,630
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 366.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 55% Black 22% White 20% Two or more races 17% Native American 2%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Romanian 1% Lithuanian 0%
• Foreign-born: 5% · Canada
• Languages at home: 64% English-only · Spanish 36%

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: ▲ 3.22%
• Current HPI: 163.854
• 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

-6.2% since first listed

11 events — show timeline

• 2026-05-05 Listed $120,000 LARMLS
• 2025-07-09 Price Changed $115,000 LARMLS
• 2025-06-22 Price Changed $120,000 LARMLS
• 2025-02-14 Price Changed $124,000 LARMLS
• 2024-12-23 Price Changed $128,000 LARMLS
• 2023-06-08 Rental Removed — RENT.
• 2022-09-23 Sold (Public Records) — Public Records
• 2022-09-23 Sold (Public Records) — Public Records
• 2022-05-12 Sold (Public Records) — Public Records
• 2022-05-04 Sold (Public Records) — Public Records
• 2011-06-02 Sold (Public Records) — Public Records

Property tax history

+10.7%/yr

Latest (2025): $1,765 · +17.2% YoY. Source: county tax records.