2726 68th St · Lubbock, TX 79413

$167,000

3 bd · 2.0 ba · 1,524 sqft · SingleFamily public records · 32 Days on market

Built 1960 0.31 ac lot

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Why this score? — see what drove the D+ 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 +18.1/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 1% rule +4.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTORS ONLY. Beautifully updated 4 bedroom, 2 bath home offering space, flexibility, and an unbeatable central location. Priced at just $167,000, this property features a spacious floor plan, modern updates, and a large lot with plenty of room. One of the standout features is the oversized separate garage/shop building, offering endless possibilities. This home also has a storm cellar. Perfect for a workshop, hobby space, extra storage, or future conversion into additional living space, a game room, efficiency, or added income potential. Conveniently located with easy access to shopping, dining, schools, and entertainment. Whether you're looking for a primary residence or an investment o

Key facts

• Central location
• Large lot
• Storm cellar

Tags

• CENTRAL LOCATION
• OVERSIZED SEPARATE GARAGE
• STORM CELLAR
• LARGE LOT

Property features AI

Finance

• HOA & community: No community features

Exterior

• Parking: Attached garage (2 spaces); Detached carport (2 spaces); Driveway and additional on-street parking; Alley access; Workshop in garage
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected / available; Water connected
• Home design: Single-family residence; One story
• Construction: Brick veneer and wood siding exterior; Slab foundation; Membrane roof; Built as a residential single-family home
• Exterior features: Fenced yard; Storage; Public-maintained city street access

Interior

• Kitchen: Free-standing electric range; Refrigerator; Gas water heater
• Flooring: Linoleum; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Electric cooling; Ceiling fan(s); Electric heating; Natural gas heating
• Interior features: Ceiling fans; Aluminum window frames with blinds; Stone fireplace (1)
• Laundry & utility: Laundry area in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $167k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/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 $160k (4.1% below list).
• Recommended offer: $160k (4.1% below list) — sets the bar for 1% rule.

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 rising (+1.9%/yr); 183 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $1k of loan paydown is wiped out by about $5k 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 32 days — a 3% lower offer ($162k) 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.
• Current owner paid $68k; list at $167k implies a 147% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $160,085 (4.1% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.96% ✗
• Cap rate: 7.34%
• Cash-on-cash: 3.73%
• DSCR: 1.17
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-19,498
• Equity at exit: $24,900

10-year hold

• IRR: -4.0%
• Equity multiple: 0.75×
• Total profit: $-11,843
• Equity at exit: $14,439

Cash invested: $46,760 (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 79413

• Rents YoY: 1.9%
• Active inventory: 183
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,601 high
• Mortgage (P&I): −$876
• Tax from tax record: −$174 /mo · $2,089/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $145

Break-even live

Break-even rent $1,417

Max offer price $167,000

Occupancy floor 86%

Sensitivity live

Price	-10% $240	-5% $193	+0% $145	+5% $98	+10% $51
Rent	-10% $19	-5% $82	+0% $145	+5% $208	+10% $272
Rate	-1.0pp $229	-0.5pp $188	base $145	+0.5pp $102	+1.0pp $58

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2726 68th St Lubbock, TX	4.0	2.0	1524	$1,800	$1.18	44d	1	0.03mi
2730 68th St Lubbock, TX	4.0	3.0	2050	$1,999	$0.98	21d	1	0.04mi
2707 63rd St Lubbock, TX	3.0	1.0	1080	$1,050	$0.97	14d	1	0.26mi
2827 66th St Lubbock, TX	3.0	1.0	1190	$1,200	$1.01	21d	1	0.29mi
2725 63rd St Unit FS Lubbock, TX	3.0	2.0	1624	$1,599	$0.98	44d	1	0.30mi
2817 63rd St Lubbock, TX	3.0	1.0	1125	$1,250	$1.11	21d	1	0.38mi
2821 61st St Lubbock, TX	3.0	1.0	1230	$1,100	$0.89	44d	1	0.48mi
2115 66th St Lubbock, TX	4.0	2.0	2160	$1,795	$0.83	21d	1	0.53mi
7304 Avenue W Lubbock, TX	3.0	2.0	1500	$999	$0.67	14d	1	0.56mi
7406 Waco Ave Unit C Lubbock, TX	2.0	1.0	1831	$750	$0.41	44d	1	0.59mi
6911 Gary Ave Unit A Lubbock, TX	3.0	2.0	1154	$1,125	$0.97	44d	1	0.61mi
2128 74th St Lubbock, TX	3.0	2.5	1132	$1,350	$1.19	21d	1	0.61mi
6711 Hartford Ave Unit A Lubbock, TX	2.0	1.5	1165	$975	$0.84	44d	1	0.71mi
3107 75th St Unit B Lubbock, TX	2.0	2.0	1400	$1,250	$0.89	21d	1	0.75mi
1923 67th St Lubbock, TX	4.0	2.0	1467	$1,525	$1.04	44d	1	0.76mi
3236 63rd St Lubbock, TX	3.0	2.5	1818	$1,524	$0.84	14d	1	0.79mi
2612 81st St Unit B Lubbock, TX	2.0	2.0	1150	$1,100	$0.96	44d	1	0.83mi
1940 77th St Lubbock, TX	3.0	2.0	1700	$1,500	$0.88	44d	1	0.85mi
2121 56th St Lubbock, TX	3.0	2.0	2047	$1,999	$0.98	21d	1	0.85mi
2823 54th St Lubbock, TX	3.0	2.0	1725	$1,825	$1.06	44d	1	0.87mi
1921 S Loop 289 Lubbock, TX	3.0	2.0	1121	$1,100	$0.98	44d	1	0.88mi
1927 71st St Lubbock, TX	4.0	2.0	1807	$1,600	$0.89	21d	1	0.88mi
1923 76th St Lubbock, TX	3.0	2.0	1622	$1,699	$1.05	44d	1	0.91mi
3307 74th St Unit A Lubbock, TX	3.0	2.5	2024	$1,540	$0.76	44d	1	0.91mi
1915 76th St Lubbock, TX	3.0	2.0	1911	$1,550	$0.81	14d	1	0.94mi
1816 75th St Lubbock, TX	4.0	2.0	1516	$2,000	$1.32	21d	1	1.00mi
7006 Avenue S Lubbock, TX	4.0	2.0	1498	$1,800	$1.20	44d	1	1.00mi
8216 Elkridge Ave Lubbock, TX	3.0	2.0	1412	$1,550	$1.10	21d	1	1.08mi
8219 Elkridge Ave Lubbock, TX	3.0	2.0	1405	$1,475	$1.05	44d	1	1.10mi
3311 79th St Lubbock, TX	2.0	1.0	1391	$1,249	$0.90	44d	1	1.10mi
2303 84th St Lubbock, TX	3.0	1.5	1128	$1,100	$0.98	21d	1	1.10mi
6130 Avenue P Lubbock, TX	4.0	2.0	1387	$1,100	$0.79	44d	1	1.15mi
8108 Sherman Ave Lubbock, TX	3.0	2.0	1306	$1,400	$1.07	45d	1	1.16mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	21d	1	1.19mi
1805 79th Pl Lubbock, TX	3.0	2.0	1284	$1,375	$1.07	44d	1	1.23mi
2403 87th St Unit B Lubbock, TX	3.0	2.0	1158	$1,300	$1.12	14d	1	1.24mi
3423 56th St Lubbock, TX	3.0	2.0	2224	$1,895	$0.85	44d	1	1.24mi
8217 Avenue U Lubbock, TX	1.0–2.0	1.0–2.0	873	$1,570	$1.80	14d	28	1.25mi
1625 79th Pl Lubbock, TX	3.0	2.0	1541	$1,650	$1.07	45d	1	1.27mi
2218 88th St Lubbock, TX	3.0	2.0	1311	$1,450	$1.11	44d	1	1.30mi

Listing history 21 events

1. 2026-06-18
   days on market $167,000 Active 32 DOM
2. 2026-06-17
   days on market $167,000 Active 31 DOM
3. 2026-06-16
   days on market $167,000 Active 30 DOM
4. 2026-06-15
   days on market $167,000 Active 29 DOM
5. 2026-06-14
   days on market $167,000 Active 27 DOM
6. 2026-06-13
   days on market $167,000 Active 26 DOM
7. 2026-06-10
   days on market $167,000 Active 24 DOM
8. 2026-06-09
   days on market $167,000 Active 23 DOM
9. 2026-06-08
   days on market $167,000 Active 22 DOM
10. 2026-06-07
    days on market $167,000 Active 21 DOM
11. 2026-06-05
    days on market $167,000 Active 18 DOM
12. 2026-06-03
    days on market $167,000 Active 17 DOM
13. 2026-06-02
    days on market $167,000 Active 16 DOM
14. 2026-06-01
    days on market $167,000 Active 15 DOM
15. 2026-05-31
    days on market $167,000 Active 14 DOM
16. 2026-05-30
    days on market $167,000 Active 13 DOM
17. 2026-05-17
    listed $167,000 Active
18. 2026-04-10
    listed $1,800
19. 2007-02-16
    soldstatus $67,500
20. 1998-06-26
    soldstatus
21. 1993-10-01
    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: $2,089 · $174/mo
• Projected year-2 tax: $3,056 · $255/mo
• Expected delta: +$967/yr (+$81/mo · 46.3%)

ⓘ 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: $19,210
• − Mortgage interest: −$9,355
• − Property taxes: −$2,089
• − Insurance: −$835
• − Repairs & maintenance: −$1,537
• − Management: −$1,537
• − Depreciation: −$4,858
• Taxable loss: −$1,000
• Est. tax savings @ 24.0%: +$240
• After-tax cash flow: $1,983/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): 23,343
• Household income: $69,400
• Rent vs Own: 43.9% rent · 56.1% own
• Severe rent burden: 1211.0

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 0.59)
• Race & ethnicity: White 54% Hispanic / Latino 34% Two or more races 18% Black 6%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Slovak 2% Italian 2% Serbian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 88% English-only · Spanish 10% Chinese 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: ▼ -145.52%
• Current HPI: 239.8854
• Rent YoY: ▲ 1.94%
• 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

+147.4% since first listed

5 events — show timeline

• 2026-05-17 Listed $167,000 LARMLS
• 2026-04-10 Listed for Rent $1,800 APPFOLIO
• 2007-02-16 Sold (Public Records) $67,500 Public Records
• 1998-06-26 Sold (Public Records) — Public Records
• 1993-10-01 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,089 · -2.6% YoY. Source: county tax records.