13813 Fremont Ave · Lubbock, TX 79423

$193,770

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 4 Days on market

Built 2026 Good condition 3,500 sqft 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 +12.7/30.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Rent growth +3.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Buy NOW and get up to $7,000 Use-It-Your-Way Cash! Discover the charm and efficiency of our cottage-style homes—perfect for first-time buyers. The Kathleen floor plan features a beautiful brick and vinyl exterior, an inviting covered entry, and a bright open-concept layout with luxury vinyl plank flooring throughout the main areas. Enjoy a modern kitchen with an island, granite or quartz countertops, stainless steel appliances, and upgraded fixtures. This thoughtfully designed home also offers a private master suite with a walk-in closet, plus two additional bedrooms and a second full bath. The Kathleen combines style, comfort, and affordability—everything you need to feel at ho

Key facts

• Covered entry
• Modern kitchen
• Island

Tags

• BRICK AND VINYL EXTERIOR
• COVERED ENTRY
• OPEN-CONCEPT LAYOUT
• LUXURY VINYL PLANK FLOORING
• MODERN KITCHEN
• ISLAND

Property features AI

Finance

• Other: Address: 13813 Fremont Ave, Lubbock TX 79423; Status: Active
• Financial info: List price $197,770

Exterior

• Parking: 1 parking space
• Utilities: Has heating; Has cooling
• Home design: Spec-built home (Plan: Kathleen)
• Exterior features: Living area approximately 1100

Interior

• Kitchen: Dishwasher; Disposal; Microwave
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Dishwasher; Disposal; Microwave; Central ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $194k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-22 ($-265/yr) — negative.
• To cash-flow at today's rent, offer at most $191k (1.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (14.0% below list).
• Recommended offer: $167k (14.0% 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-, crime F.
• Lubbock-Cooper ISD (rural): math 54% / reading 52% proficiency, ranked #98 of 826 in TX (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lubbock-Cooper South El (math 52% / reading 55%, grade C, #686 of 4,322 statewide, top 16%, 739 students, 41% FRL); Lubbock-Cooper Middle (math 46% / reading 45%, grade D+, #470 of 1,662 statewide, top 29%, 914 students, 37% FRL); Lubbock-Cooper H S (math 67% / reading 65%, grade B, #189 of 1,632 statewide, top 12%, 2,117 students, 31% FRL) — zoned schools at 36% FRL track the district average.
• Market conditions: Rents rising (+2.1%/yr); 673 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $6k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $166,706 (14.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.86% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.49%
• DSCR: 0.98
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.13% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.37×
• Total profit: $-34,230
• Equity at exit: $28,892

10-year hold

• IRR: -12.0%
• Equity multiple: 0.31×
• Total profit: $-37,353
• Equity at exit: $16,754

Cash invested: $54,256 (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 79423

• Rents YoY: 2.1%
• Active inventory: 673
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,667 high
• Mortgage (P&I): −$1,016
• Tax est. 1.5%: −$242 /mo · $2,907/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-22

Break-even live

Break-even rent $1,695

Max offer price $190,569

Occupancy floor 96%

Sensitivity live

Price	-10% $112	-5% $45	+0% $-22	+5% $-89	+10% $-156
Rent	-10% $-154	-5% $-88	+0% $-22	+5% $44	+10% $110
Rate	-1.0pp $75	-0.5pp $27	base $-22	+0.5pp $-72	+1.0pp $-123

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: $48,442
• Closing costs: $5,813
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3016 140th St Lubbock, TX	3.0	2.0	1350	$2,000	$1.48	23d	1	0.12mi
2745 137th St Lubbock, TX	3.0	2.0	1410	$1,550	$1.10	23d	1	0.39mi
2739 137th St Lubbock, TX	3.0	2.0	1418	$1,600	$1.13	45d	1	0.41mi
13510 Indiana Ave Lubbock, TX	1.0–2.0	1.5–2.5	895	$1,275	$1.42	15d	8	0.42mi
2540 138th St Lubbock, TX	2.0	2.0	1328	$1,425	$1.07	15d	1	0.57mi
2626 136th St Lubbock, TX	2.0	2.0	1238	$1,400	$1.13	45d	1	0.57mi
2529 138th St Lubbock, TX	2.0	2.5	1249	$1,400	$1.12	23d	1	0.59mi
2613 136th St Lubbock, TX	3.0	2.0	1251	$1,599	$1.28	23d	1	0.59mi
2611 136th St Lubbock, TX	2.0	2.0	1251	$1,599	$1.28	23d	1	0.60mi
2415 144th St Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	15d	1	0.78mi
2410 144th St Unit A Lubbock, TX	3.0	2.0	1350	$1,500	$1.11	45d	1	0.81mi
2410 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	45d	1	0.81mi
2309 134th St Lubbock, TX	3.0	2.0	1455	$1,799	$1.24	15d	1	0.82mi
2404 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	45d	1	0.84mi
14408 Avenue X Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	15d	1	0.85mi
14413 Avenue X Unit B Lubbock, TX	3.0	2.0	1350	$1,450	$1.07	45d	1	0.89mi
14102 Avenue V Lubbock, TX	3.0	2.0	1450	$1,500	$1.03	23d	1	1.04mi
13808 Sherman Ave Lubbock, TX	3.0	2.0	1450	$1,650	$1.14	45d	1	1.33mi
13212 Avenue S Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	23d	1	1.43mi
13212 Avenue R Lubbock, TX	3.0	2.0	1450	$1,625	$1.12	15d	1	1.49mi

Listing history 1 events

1. 2026-06-21
   pricestatusdays on market $193,770 Active 4 DOM

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

Taxation est. · year 1

• Rental income: $20,005
• − Mortgage interest: −$10,854
• − Property taxes: −$2,907
• − Insurance: −$969
• − Repairs & maintenance: −$1,600
• − Management: −$1,600
• − Depreciation: −$5,637
• Taxable loss: −$3,563
• Est. tax savings @ 24.0%: +$855
• After-tax cash flow: $590/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.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This home is in excellent condition with a good condition score of 80. It is move-in ready with minor cosmetic improvements that could further enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in high-traffic areas — Improves aesthetics and reduces maintenance
• Both Upgraded fixtures in bathrooms and kitchen — Enhances functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in high-traffic areas — Improves aesthetics and reduces maintenance ↑
• Both Upgraded fixtures in bathrooms and kitchen — Enhances functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lubbock-Cooper ISD
• NCES district ID: 4815180
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $77,347
• Composite: 47.9/100
• National rank: #2214
• State rank: #98 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): 46,998
• Household income: $84,933
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 1385.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 13% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -155.00%
• Current HPI: 213.6491
• Rent YoY: ▲ 2.13%
• 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