155 N 2nd St · Slaton, TX 79364

$94,999

3 bd · 1.0 ba · 2,303 sqft · SingleFamily public records · 41 Days on market

Built 1927 0.32 ac lot ↓ 27% since listing

---

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
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.4/10.0

Listing remarks

NEW LISTING! Welcome to 155 N 2nd St in Slaton, Texas—a property full of potential and small-town charm! Nestled on a quiet street, this home offers a fantastic opportunity for homeowners, investors, or anyone looking to create their ideal space. Step inside to find a functional layout with generous living areas and plenty of natural light. The home features comfortable bedrooms, a practical kitchen space, and room to personalize to your taste. Whether you’re looking to move right in, renovate, or invest, this property provides a solid foundation. Outside, enjoy a spacious lot with room for outdoor entertaining, gardening, or future improvements. WE MAKE IT EASY TO OWN. This is

Key facts

• Outdoor entertaining
• Natural light
• Spacious lot

Tags

• FUNCTIONAL LAYOUT
• GENEROUS LIVING AREAS
• NATURAL LIGHT
• PRACTICAL KITCHEN SPACE
• SPACIOUS LOT
• OUTDOOR ENTERTAINING

Property features AI

Finance

• Financial info: Lease not considered

Exterior

• Parking: Attached garage with 2 parking spaces
• Home design: Residential property; Built in 1927
• Exterior features: Lot is approximately 0.32 acres; Lot type: Other

Interior

• Bedrooms: Primary bedroom on the first floor (12 x 14); Bedroom on the first floor (11 x 12); Bedroom on the first floor (11 x 12)
• Bathrooms: 1 full bathroom
• Interior features: 3 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#366 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, amenities F, commute F.
• Slaton ISD (town): math 25% / reading 30% proficiency, ranked #683 of 826 in TX (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Stephen F Austin Pri (199 students, 74% FRL); Slaton H S (math 22% / reading 42%, grade F, #1,044 of 1,632 statewide, top 66%, 362 students, 70% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: 71 active listings in the ZIP; 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 $657 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,149 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — 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 D 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: 1.60% ✓
• Cap rate: 13.21%
• Cash-on-cash: 24.69%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 18.1%
• Equity multiple: 1.73×
• Total profit: $19,485
• Equity at exit: $14,165

10-year hold

• IRR: 26.5%
• Equity multiple: 3.33×
• Total profit: $61,943
• Equity at exit: $8,214

Cash invested: $26,600 (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 79364

• Home prices YoY: -3.5%
• Active inventory: 71
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,524 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $547

Break-even live

Break-even rent $831

Max offer price $94,999

Occupancy floor 59%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $94,999 Active 41 DOM
2. 2026-06-17
   days on market $94,999 Active 40 DOM
3. 2026-06-16
   days on market $94,999 Active 39 DOM
4. 2026-06-15
   days on market $94,999 Active 38 DOM
5. 2026-06-14
   days on market $94,999 Active 36 DOM
6. 2026-06-10
   days on market $94,999 Active 33 DOM
7. 2026-06-09
   days on market $94,999 Active 32 DOM
8. 2026-06-08
   days on market $94,999 Active 31 DOM
9. 2026-06-07
   days on market $94,999 Active 30 DOM
10. 2026-06-05
    days on market $94,999 Active 27 DOM
11. 2026-06-03
    days on market $94,999 Active 26 DOM
12. 2026-06-02
    days on market $94,999 Active 25 DOM
13. 2026-06-01
    days on market $94,999 Active 24 DOM
14. 2026-05-31
    days on market $94,999 Active 23 DOM
15. 2026-05-30
    days on market $94,999 Active 22 DOM
16. 2026-05-08
    listed $94,999 Active 891-char remark
17. 2024-05-31
    price $69,900
18. 2024-05-10
    listed $80,000 Active
19. 2024-03-10
    historical
20. 2024-01-29
    price $80,000
21. 2024-01-26
    price $110,000
22. 2024-01-16
    price $120,000
23. 2024-01-08
    listed $150,000 Active
24. 2023-08-03
    price $129,800
25. 1981-05-01
    soldstatus

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

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 ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $18,285
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$2,764
• Taxable income: $5,375
• Est. tax owed @ 24.0%: −$1,290
• After-tax cash flow: $5,277/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: Slaton ISD
• NCES district ID: 4840440
• Math proficiency: 25% ▼ -17.00%
• Reading proficiency: 30% ▼ -8.00%
• Median HH income: $39,870
• Composite: 23.15/100
• National rank: #7950
• State rank: #683 of 826 in TX

Livability — Slaton

• Score: 70/100
• State rank: #366
• US rank: #7796

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Slaton, TX
• Population (ZIP): 7,135

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 0.56)
• Race & ethnicity: White 51% Hispanic / Latino 43% Black 6% Two or more races 4%
• Hispanic origin (detail): Mexican 32% Puerto Rican 3%
• Common ancestry: Hispanic 3% Lithuanian 2% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 75% English-only · Spanish 24%

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: ▼ -9.15%
• Current HPI: 250.89
• Rent YoY: —
• Metro: —
• 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

-26.8% since first listed

10 events — show timeline

• 2026-05-08 Listed $94,999 HARMLS
• 2024-05-31 Price Changed $69,900 NTREIS
• 2024-05-10 Listed $80,000 NTREIS
• 2024-03-10 Listing Removed — HARMLS
• 2024-01-29 Price Changed $80,000 HARMLS
• 2024-01-26 Price Changed $110,000 HARMLS
• 2024-01-16 Price Changed $120,000 HARMLS
• 2024-01-08 Listed $150,000 HARMLS
• 2023-08-03 Price Changed $129,800 LARMLS
• 1981-05-01 Sold (Public Records) — Public Records

Property tax history

+12.9%/yr

Latest (2025): $5,209 · +92.7% YoY. Source: county tax records.