137 Detroit Ave · Levelland, TX 79336

$158,995

3 bd · 2.0 ba · 2,243 sqft · SingleFamily public records · 26 Days on market

Built 1964 8,189 sqft lot $71/sqft · 52% below area ↓ 6% 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 +24.9/30.0
• DSCR +8.1/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 137 Detroit Avenue -- a spacious and inviting two-story home nestled in the established Colonial Heights Addition in Levelland. Offering over 2,200 square feet, this 3-bedroom, 2-bath, 1-car garage home combines character, functionality, and room to grow, making it a fantastic opportunity for a wide range of buyers. Step inside to a bright and welcoming main living area filled with natural light, creating a warm and comfortable atmosphere. The updated kitchen is a standout feature, complete with granite countertops, beautiful wood cabinetry, and ample storage space, all flowing seamlessly into the dining area -- perfect for everyday living or hosting guests. Downstairs, you'll fi

Key facts

• Spacious backyard
• Updated kitchen
• Granite countertops

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• WOOD CABINETRY
• UNIQUE BASEMENT SPACE
• COZY WOOD BURNING FIREPLACE
• SPACIOUS BACKYARD

Property features AI

Exterior

• Parking: Attached 2-car garage; Concrete / paved driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; 2 stories; Brick construction
• Construction: Composition roof; Slab foundation
• Exterior features: Private yard; Barbecue / outdoor grill; Storage

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Ceiling fans; Open floor plan; Wood-burning fireplace in the living room; Finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $157k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#274 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment F.
• Levelland ISD (town): math 33% / reading 32% proficiency, ranked #566 of 826 in TX (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Levelland Middle (math 32% / reading 31%, grade F, #997 of 1,662 statewide, top 61%, 622 students, 79% FRL); Levelland H S (math 67% / reading 55%, grade C+, #258 of 1,632 statewide, top 16%, 745 students, 67% FRL).
• Zoned-school proficiency averages 46% at this address vs 32% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Levelland ISD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 120 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7 units permitted in Hockley County in 2024 (0 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.
• Hockley County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,610 (1.5% below list)

Questions for the listing agent

1. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.19%
• DSCR: 1.41
• GRM: 6.6

CMA / ARV

• ARV (median comp): $332,433
• List price: $158,995
• Delta: -52.17%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-3,938
• Equity at exit: $23,707

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $24,998
• Equity at exit: $13,747

Cash invested: $44,519 (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 79336

• Active inventory: 120
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$339 /mo · $4,069/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $341

Break-even live

Break-even rent $1,569

Max offer price $158,995

Occupancy floor 78%

Sensitivity live

Price	-10% $431	-5% $386	+0% $341	+5% $296	+10% $251
Rent	-10% $183	-5% $262	+0% $341	+5% $420	+10% $499
Rate	-1.0pp $421	-0.5pp $381	base $341	+0.5pp $300	+1.0pp $258

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: $39,749
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 Rayburn St Levelland, TX	3.0	2.0	1875	$2,000	$1.07	15d	1	1.48mi

Listing history 18 events

1. 2026-06-21
   days on market $158,995 Active 26 DOM
2. 2026-06-21
   days on market $158,995 Active 25 DOM
3. 2026-06-18
   days on market $158,995 Active 23 DOM
4. 2026-06-17
   days on market $158,995 Active 22 DOM
5. 2026-06-16
   days on market $158,995 Active 21 DOM
6. 2026-06-15
   days on market $158,995 Active 20 DOM
7. 2026-06-13
   days on market $158,995 Active 18 DOM
8. 2026-06-12
   days on market $158,995 Active 17 DOM
9. 2026-06-10
   days on market $158,995 Active 14 DOM
10. 2026-06-08
    days on market $158,995 Active 13 DOM
11. 2026-06-08
    days on market $158,995 Active 12 DOM
12. 2026-06-07
    days on market $158,995 Active 11 DOM
13. 2026-06-03
    days on market $158,995 Active 8 DOM
14. 2026-06-02
    days on market $158,995 Active 7 DOM
15. 2026-06-01
    days on market $158,995 Active 6 DOM
16. 2026-05-31
    days on market $158,995 Active 5 DOM
17. 2026-03-19
    listed $159,000 Active 1657-char remark
18. 2023-10-06
    price $169,900

ⓘ 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: $4,069 · $339/mo
• Projected year-2 tax: $4,069 · $339/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 22 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: $24,000
• − Mortgage interest: −$8,906
• − Property taxes: −$4,069
• − Insurance: −$795
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$4,625
• Taxable income: $1,764
• Est. tax owed @ 24.0%: −$423
• After-tax cash flow: $3,667/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: Levelland ISD
• NCES district ID: 4827240
• Math proficiency: 33% ▼ -9.00%
• Reading proficiency: 32% ▼ -6.00%
• Median HH income: $47,924
• Composite: 28.09/100
• National rank: #6833
• State rank: #566 of 826 in TX

Livability — Levelland

• Score: 72/100
• State rank: #274
• US rank: #6392

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Levelland, TX
• Population (ZIP): 15,265

Population outlook (Hockley County) Hauer SSP2

• Today (2025): 25,295 people
• By 2030: 26,230 · +3.7%
• By 2040: 28,268 · +11.8%
• By 2050: 30,536 · +20.7%
• By 2075: 36,867 · +45.7%
• By 2100: 40,662 · +60.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (53%)
• Race & ethnicity: Hispanic / Latino 53% White 42% Two or more races 24% Black 3%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Hockley

• 2024 margin: Solid R (+66.3) · D 16.6% · R 82.8%
• 2008→2024 swing: -14.0pp toward R · 2008: -52.3pp · 2024: -66.3pp
• All cycles: 2024: R+66.3 2020: R+62.4 2016: R+62.3 2012: R+57.0 2008: R+52.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -169.34%
• Current HPI: 154.0713
• 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

-6.4% since first listed

2 events — show timeline

• 2026-05-27 Listed $158,995 LARMLS
• 2023-10-06 Price Changed $169,900 LARMLS

Property tax history

+5.0%/yr

Latest (2025): $4,069 · +9.2% YoY. Source: county tax records.