5617 Avenue D · Lubbock, TX 79404

$94,999

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 113 Days on market

Built 1955 6,891 sqft lot $86/sqft · 26% below area Est $128k · 26% under

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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 +18.0/30.0
• ARV discount +15.0/15.0
• Appreciation +6.6/10.0
• DSCR +5.6/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

JUST LISTED! This charming 3-bedroom, 2-bathrooms home that has approximately 1,104 sq. ft. of living space on a 6,890 sq. ft. lot. This property is located near I-27 and Highway 84 and provides easy access to major routes for convenient commuting. The property is in proximity to local schools, parks, and shopping centers. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home. When you call be sure and ask about the other properties that we may have for sale in the Lubbock Area.

Key facts

• 6,891 sq ft lot
• Built 1955
• Listed 113 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $82 ($981/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 $94k (0.7% below list).
• Recommended offer: $86k (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: 91 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

• In year one you build about $4k of equity ($657 loan paydown + $3k 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 $27k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $86,449 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 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 1955 — 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: 0.99% ✗
• Cap rate: 7.33%
• Cash-on-cash: 3.69%
• DSCR: 1.16
• GRM: 8.4

CMA / ARV

• ARV (median comp): $127,626
• List price: $94,999
• Delta: -25.56%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 52nd St	0.40mi	3/2.0 (+1)	1,102 (-0%)	9mo	$76,999	$70	65
507 49th St	0.52mi	3/2.0 (+1)	1,114 (+1%)	2mo	$99,900	$90	64
402 51st St	0.43mi	3/2.0 (+1)	1,036 (-6%)	11mo	$129,999	$125	52
1218 48th St	0.69mi	2/1.0	1,040 (-6%)	13mo	$139,000	$134	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 11.5%
• Equity multiple: 1.67×
• Total profit: $17,795
• Equity at exit: $43,916

10-year hold

• IRR: 13.6%
• Equity multiple: 3.06×
• Total profit: $54,710
• Equity at exit: $68,627

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 79404

• Home prices YoY: 2.0%
• Active inventory: 91
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $944 high
• Mortgage (P&I): −$498
• Tax from tax record: −$126 /mo · $1,512/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $82

Break-even live

Break-even rent $840

Max offer price $94,999

Occupancy floor 86%

Sensitivity live

Price	-10% $135	-5% $109	+0% $82	+5% $55	+10% $28
Rent	-10% $7	-5% $44	+0% $82	+5% $119	+10% $156
Rate	-1.0pp $130	-0.5pp $106	base $82	+0.5pp $57	+1.0pp $32

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: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	22d	1	0.08mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	44d	1	0.13mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	22d	1	0.43mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	0.50mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	14d	1	0.53mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	0.56mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	22d	1	0.59mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	22d	1	0.61mi
1303 65th St Lubbock, TX	2.0	1.0	850	$595	$0.70	22d	1	0.64mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.64mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.64mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	22d	1	0.65mi
1608 59th St Unit 3 Lubbock, TX	1.0	1.0	800	$575	$0.72	44d	1	0.69mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.70mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	14d	1	0.71mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.71mi
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	22d	1	0.72mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.72mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	14d	1	0.74mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.74mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	14d	1	0.76mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	14d	1	0.77mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	22d	1	0.83mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	14d	1	0.83mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	44d	1	0.86mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	14d	1	0.89mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	14d	1	0.96mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	22d	1	0.99mi
1604 45th St Lubbock, TX	1.0	1.0	700	$650	$0.93	44d	1	1.04mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	22d	1	1.08mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	14d	1	1.15mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$695	$0.86	22d	1	1.16mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$795	$0.98	44d	1	1.16mi
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	14d	1	1.17mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	22d	1	1.21mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	44d	1	1.21mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	22d	1	1.22mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	22d	1	1.28mi
312 E 76th St Lubbock, TX	3.0	2.0	1430	$1,599	$1.12	14d	1	1.29mi
320 E 76th St Lubbock, TX	3.0	2.0	1310	$1,599	$1.22	14d	1	1.30mi

Listing history 22 events

1. 2026-06-18
   days on market $94,999 Active 113 DOM
2. 2026-06-17
   days on market $94,999 Active 112 DOM
3. 2026-06-16
   days on market $94,999 Active 111 DOM
4. 2026-06-15
   days on market $94,999 Active 110 DOM
5. 2026-06-14
   days on market $94,999 Active 108 DOM
6. 2026-06-13
   days on market $94,999 Active 107 DOM
7. 2026-06-10
   days on market $94,999 Active 105 DOM
8. 2026-06-09
   days on market $94,999 Active 104 DOM
9. 2026-06-08
   days on market $94,999 Active 103 DOM
10. 2026-06-07
    days on market $94,999 Active 102 DOM
11. 2026-06-05
    days on market $94,999 Active 99 DOM
12. 2026-06-03
    days on market $94,999 Active 98 DOM
13. 2026-06-02
    days on market $94,999 Active 97 DOM
14. 2026-06-01
    days on market $94,999 Active 96 DOM
15. 2026-05-31
    days on market $94,999 Active 95 DOM
16. 2026-05-30
    days on market $94,999 Active 94 DOM
17. 2026-04-06
    price $94,999 653-char remark

    Show marketing remark (653 chars)

    JUST LISTED! This charming 3-bedroom, 2-bathrooms home that has approximately 1,104 sq. ft. of living space on a 6,890 sq. ft. lot. This property is located near I-27 and Highway 84 and provides easy access to major routes for convenient commuting. The property is in proximity to local schools, parks, and shopping centers. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home. When you call be sure and ask about the other properties that we may have for sale in the Lubbock Area.

18. 2026-02-25
    listed $83,999 Active 653-char remark

    Show marketing remark (653 chars)

    JUST LISTED! This charming 3-bedroom, 2-bathrooms home that has approximately 1,104 sq. ft. of living space on a 6,890 sq. ft. lot. This property is located near I-27 and Highway 84 and provides easy access to major routes for convenient commuting. The property is in proximity to local schools, parks, and shopping centers. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home. When you call be sure and ask about the other properties that we may have for sale in the Lubbock Area.

19. 2014-02-12
    soldstatus
20. 2002-10-23
    soldstatus
21. 2000-03-06
    soldstatus
22. 1986-06-01
    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: $1,512 · $126/mo
• Projected year-2 tax: $1,738 · $145/mo
• Expected delta: +$227/yr (+$19/mo · 15.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,323
• − Mortgage interest: −$5,321
• − Property taxes: −$1,512
• − Insurance: −$475
• − Repairs & maintenance: −$906
• − Management: −$906
• − Depreciation: −$2,764
• Taxable loss: −$560
• Est. tax savings @ 24.0%: +$134
• After-tax cash flow: $1,115/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

+13.1% since first listed

6 events — show timeline

• 2026-04-06 Price Changed $94,999 HARMLS
• 2026-02-25 Listed $83,999 HARMLS
• 2014-02-12 Sold (Public Records) — Public Records
• 2002-10-23 Sold (Public Records) — Public Records
• 2000-03-06 Sold (Public Records) — Public Records
• 1986-06-01 Sold (Public Records) — Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,512 · +17.6% YoY. Source: county tax records.