5009 35th St · Lubbock, TX 79414

$98,000

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 97 Days on market

Built 1958 6,313 sqft lot $113/sqft · 9% below area Est $107k · 9% under ↓ 8% since listing

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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).

• Cash flow +16.9/30.0
• ARV discount +11.3/15.0
• DSCR +5.2/10.0
• 1% rule +4.5/10.0
• 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

Motivated seller! Great investment opportunity in the heart of Lubbock! This affordable 3-bedroom, 1-bath home offers strong potential for investors, first-time buyers, or anyone looking for a centrally located property priced to sell. Conveniently located near the Marsha Sharp Freeway, this home provides quick access to Texas Tech University and the Lubbock medical district, making it an ideal rental or long-term hold opportunity. It is also situated near Coronado High School. Inside, you'll find a cute and well-maintained interior featuring an eat-in kitchen and a functional layout that maximizes space and comfort. The home has been cared for and is move-in ready. One of the standout features of this property is the impressive 19.5 X 15.5 shop with electricity—perfect for storage, hobbies, projects, or additional income potential. Washer, dryer, and refrigerator can convey with a reasonable offer, adding even more value to this already attractive property. Don't miss your chance to own a solid home with excellent location, convenience, and investment upside in central Lubbock!

Key facts

• Move-in ready
• Eat-in kitchen
• Functional layout

Tags

• CENTRALLY LOCATED PROPERTY
• NEAR CORONADO HIGH SCHOOL
• EAT-IN KITCHEN
• FUNCTIONAL LAYOUT
• MOVE-IN READY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $64 ($768/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 $93k (4.6% below list).
• Recommended offer: $89k (9.0% 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-, 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 22d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $678 of loan paydown is wiped out by about $3k 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 97 days — a 9% lower offer ($89k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $89,180 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 0.95% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.80%
• DSCR: 1.12
• GRM: 8.7

CMA / ARV

• ARV (median comp): $107,130
• List price: $98,000
• Delta: -8.52%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.6%
• Equity multiple: 0.49×
• Total profit: $-14,029
• Equity at exit: $14,612

10-year hold

• IRR: -10.6%
• Equity multiple: 0.43×
• Total profit: $-15,666
• Equity at exit: $8,473

Cash invested: $27,440 (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: 8.7×

Monthly cashflow live

• Estimated rent: $934 high
• Mortgage (P&I): −$514
• Tax from tax record: −$119 /mo · $1,433/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $64

Break-even live

Break-even rent $853

Max offer price $98,000

Occupancy floor 88%

Sensitivity live

Price	-10% $120	-5% $92	+0% $64	+5% $36	+10% $9
Rent	-10% $-10	-5% $27	+0% $64	+5% $101	+10% $138
Rate	-1.0pp $113	-0.5pp $89	base $64	+0.5pp $39	+1.0pp $13

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: $24,500
• Closing costs: $2,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5106 35th St Lubbock, TX	2.0	1.0	840	$900	$1.07	22d	1	0.11mi
5105 36th St Lubbock, TX	2.0	1.0	788	$900	$1.14	22d	1	0.11mi
4907 36th St Lubbock, TX	2.0	1.0	1020	$1,095	$1.07	14d	1	0.15mi
4907 37th St Lubbock, TX	3.0	1.0	1000	$1,100	$1.10	44d	1	0.18mi
5110 38th St Unit B Lubbock, TX	1.0	1.0	600	$695	$1.16	22d	1	0.19mi
5214 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	44d	1	0.32mi
5304 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	44d	1	0.33mi
5306 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	44d	1	0.35mi
2902 Vicksburg Ave Lubbock, TX	1.0–2.0	1.0	750	$710	$0.95	14d	3	0.36mi
4715 38th St Lubbock, TX	1.0	1.0	684	$549	$0.80	22d	1	0.40mi
4702 37th St Lubbock, TX	3.0	1.0	900	$1,150	$1.28	14d	1	0.42mi
3333 Toledo Ave Lubbock, TX	2.0	1.0–1.5	924	$741	$0.80	14d	7	0.50mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	14d	1	0.58mi
4601 32nd St Lubbock, TX	3.0	1.0	928	$995	$1.07	14d	1	0.62mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	44d	1	0.63mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	22d	1	0.63mi
4425 31st St Unit Fs Lubbock, TX	2.0	1.0	1000	$899	$0.90	22d	1	0.69mi
4423 31st St Unit 1 FS Lubbock, TX	2.0	1.0	1024	$885	$0.86	22d	1	0.70mi
5433 40th St Unit A Lubbock, TX	2.0	1.5	978	$800	$0.82	44d	1	0.72mi
4409 38th St Lubbock, TX	3.0	1.5	1000	$1,350	$1.35	14d	1	0.77mi
4407 31st St Lubbock, TX	2.0	2.0	1000	$899	$0.90	22d	1	0.79mi
4705 Albany Ave Lubbock, TX	2.0	2.0	926	$742	$0.80	14d	5	0.83mi
3506 Peoria Ave Unit B Lubbock, TX	2.0	1.0	750	$625	$0.83	14d	1	0.85mi
5204 50th St Lubbock, TX	2.0–3.0	2.0	1050	$939	$0.89	14d	2	0.90mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,043	$0.97	14d	9	0.93mi
5430 50th St Lubbock, TX	1.0–2.0	1.0–1.5	730	$975	$1.34	14d	8	1.06mi
4644 52nd St Lubbock, TX	2.0	1.0	836	$775	$0.93	14d	1	1.08mi
5701 45th St Unit B Lubbock, TX	1.0	1.0	600	$700	$1.17	44d	1	1.09mi
4638 52nd St Lubbock, TX	2.0	1.0	836	$749	$0.90	44d	1	1.09mi
5401 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1018	$899	$0.88	14d	11	1.10mi
4630 52nd St Lubbock, TX	2.0	1.0	836	$699	$0.84	44d	1	1.10mi
5714 Brownfield Dr Lubbock, TX	2.0	1.0	748	$699	$0.93	44d	1	1.11mi
4626 52nd St Lubbock, TX	2.0	1.0	836	$775	$0.93	14d	1	1.11mi
5716 Brownfield Dr Lubbock, TX	2.0	1.0	748	$699	$0.93	22d	1	1.11mi
5716 Brownfield Dr Lubbock, TX	2.0	1.0	748	$649	$0.87	14d	1	1.11mi
5718 Brownfield Dr Lubbock, TX	2.0	1.0	748	$649	$0.87	22d	1	1.13mi
4006 36th St Unit A Lubbock, TX	2.0	1.0	800	$695	$0.87	45d	1	1.13mi
5202 Bangor Ave Lubbock, TX	2.0	1.5	1080	$987	$0.91	14d	11	1.15mi
5722 Brownfield Dr Unit C Lubbock, TX	2.0	1.0	800	$750	$0.94	45d	1	1.15mi
3410 Nashville Ave Unit A Lubbock, TX	2.0	1.0	700	$675	$0.96	44d	1	1.15mi

Listing history 23 events

1. 2026-06-18
   days on market $98,000 Active 97 DOM
2. 2026-06-17
   days on market $98,000 Active 96 DOM
3. 2026-06-16
   days on market $98,000 Active 95 DOM
4. 2026-06-15
   days on market $98,000 Active 94 DOM
5. 2026-06-14
   days on market $98,000 Active 92 DOM
6. 2026-06-13
   days on market $98,000 Active 91 DOM
7. 2026-06-10
   days on market $98,000 Active 89 DOM
8. 2026-06-09
   days on market $98,000 Active 88 DOM
9. 2026-06-08
   days on market $98,000 Active 87 DOM
10. 2026-06-07
    days on market $98,000 Active 86 DOM
11. 2026-06-05
    days on market $98,000 Active 83 DOM
12. 2026-06-03
    days on market $98,000 Active 82 DOM
13. 2026-06-02
    days on market $98,000 Active 81 DOM
14. 2026-06-01
    days on market $98,000 Active 80 DOM
15. 2026-05-31
    days on market $98,000 Active 79 DOM
16. 2026-05-30
    days on market $98,000 Active 78 DOM
17. 2026-05-18
    price $100,000 1101-char remark

    Show marketing remark (1101 chars)

    Motivated seller! Great investment opportunity in the heart of Lubbock! This affordable 3-bedroom, 1-bath home offers strong potential for investors, first-time buyers, or anyone looking for a centrally located property priced to sell. Conveniently located near the Marsha Sharp Freeway, this home provides quick access to Texas Tech University and the Lubbock medical district, making it an ideal rental or long-term hold opportunity. It is also situated near Coronado High School. Inside, you'll find a cute and well-maintained interior featuring an eat-in kitchen and a functional layout that maximizes space and comfort. The home has been cared for and is move-in ready. One of the standout features of this property is the impressive 19.5 X 15.5 shop with electricity—perfect for storage, hobbies, projects, or additional income potential. Washer, dryer, and refrigerator can convey with a reasonable offer, adding even more value to this already attractive property. Don't miss your chance to own a solid home with excellent location, convenience, and investment upside in central Lubbock!

18. 2026-04-19
    price $101,000 1101-char remark

    Show marketing remark (1101 chars)

    Motivated seller! Great investment opportunity in the heart of Lubbock! This affordable 3-bedroom, 1-bath home offers strong potential for investors, first-time buyers, or anyone looking for a centrally located property priced to sell. Conveniently located near the Marsha Sharp Freeway, this home provides quick access to Texas Tech University and the Lubbock medical district, making it an ideal rental or long-term hold opportunity. It is also situated near Coronado High School. Inside, you'll find a cute and well-maintained interior featuring an eat-in kitchen and a functional layout that maximizes space and comfort. The home has been cared for and is move-in ready. One of the standout features of this property is the impressive 19.5 X 15.5 shop with electricity—perfect for storage, hobbies, projects, or additional income potential. Washer, dryer, and refrigerator can convey with a reasonable offer, adding even more value to this already attractive property. Don't miss your chance to own a solid home with excellent location, convenience, and investment upside in central Lubbock!

19. 2026-03-23
    price $105,000 1101-char remark

    Show marketing remark (1101 chars)

    Motivated seller! Great investment opportunity in the heart of Lubbock! This affordable 3-bedroom, 1-bath home offers strong potential for investors, first-time buyers, or anyone looking for a centrally located property priced to sell. Conveniently located near the Marsha Sharp Freeway, this home provides quick access to Texas Tech University and the Lubbock medical district, making it an ideal rental or long-term hold opportunity. It is also situated near Coronado High School. Inside, you'll find a cute and well-maintained interior featuring an eat-in kitchen and a functional layout that maximizes space and comfort. The home has been cared for and is move-in ready. One of the standout features of this property is the impressive 19.5 X 15.5 shop with electricity—perfect for storage, hobbies, projects, or additional income potential. Washer, dryer, and refrigerator can convey with a reasonable offer, adding even more value to this already attractive property. Don't miss your chance to own a solid home with excellent location, convenience, and investment upside in central Lubbock!

20. 2026-03-04
    listed $109,000 Active 1101-char remark

    Show marketing remark (1101 chars)

    Motivated seller! Great investment opportunity in the heart of Lubbock! This affordable 3-bedroom, 1-bath home offers strong potential for investors, first-time buyers, or anyone looking for a centrally located property priced to sell. Conveniently located near the Marsha Sharp Freeway, this home provides quick access to Texas Tech University and the Lubbock medical district, making it an ideal rental or long-term hold opportunity. It is also situated near Coronado High School. Inside, you'll find a cute and well-maintained interior featuring an eat-in kitchen and a functional layout that maximizes space and comfort. The home has been cared for and is move-in ready. One of the standout features of this property is the impressive 19.5 X 15.5 shop with electricity—perfect for storage, hobbies, projects, or additional income potential. Washer, dryer, and refrigerator can convey with a reasonable offer, adding even more value to this already attractive property. Don't miss your chance to own a solid home with excellent location, convenience, and investment upside in central Lubbock!

21. 2026-02-17
    soldstatus
22. 1993-02-01
    soldstatus
23. 1993-02-01
    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: $1,433 · $119/mo
• Projected year-2 tax: $1,793 · $149/mo
• Expected delta: +$360/yr (+$30/mo · 25.1%)

ⓘ 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: $11,214
• − Mortgage interest: −$5,490
• − Property taxes: −$1,433
• − Insurance: −$490
• − Repairs & maintenance: −$897
• − Management: −$897
• − Depreciation: −$2,851
• Taxable loss: −$844
• Est. tax savings @ 24.0%: +$203
• After-tax cash flow: $971/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

-8.3% since first listed

7 events — show timeline

• 2026-05-18 Price Changed $100,000 LARMLS
• 2026-04-19 Price Changed $101,000 LARMLS
• 2026-03-23 Price Changed $105,000 LARMLS
• 2026-03-04 Listed $109,000 LARMLS
• 2026-02-17 Sold (Public Records) — Public Records
• 1993-02-01 Sold (Public Records) — Public Records
• 1993-02-01 Sold (Public Records) — Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,433 · +5.2% YoY. Source: county tax records.