4117 33rd St · Lubbock, TX 79410

$162,500

2 bd · 1.0 ba · 910 sqft · SingleFamily public records · 70 Days on market

Built 1952 7,200 sqft lot $179/sqft · 12% above area Est $209k · 22% under

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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).

• ARV discount +15.0/15.0
• Cash flow +6.9/30.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, Location, Location close proximity to Texas Tech University and the medical facilities is perfect for first-time buyers looking for a place to call home after 7/25/2026. Lease Agreement $1595/Mo expired 7/25/2026. Call LA for showing. Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants. Portfolio purchase of all 2 properties: 2312 15th Street and 4117 33rd Street can be sold individually or as a package with a 5% reduction on price and sales price for both $378K. Bring all Offers!

Key facts

• Updated aesthetic
• Medical facilities
• Good condition

Tags

• MEDICAL FACILITIES
• ORIGINAL HARDWOOD FLOORING
• UPDATED AESTHETIC
• GOOD CONDITION

🏷️ Possibly a rental listed for sale. The $162,500 price doesn't fit this home's estimated sale value (~$209,025) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $-244 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $119k (26.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $104k (36.0% below list).
• Recommended offer: $104k (36.0% 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-, 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 fast (+5.4%/yr); 110 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 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 70 days — a 6% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 5 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 1952 — 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 $104,081 (36.0% 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. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.64% ✗
• Cap rate: 4.49%
• Cash-on-cash: -6.43%
• DSCR: 0.71
• GRM: 13.0

CMA / ARV

• ARV (median comp): $209,025
• List price: $162,500
• Delta: -22.26%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.4% rent growth · sell at horizon

5-year hold

• IRR: -25.0%
• Equity multiple: 0.14×
• Total profit: $-39,311
• Equity at exit: $24,229

10-year hold

• IRR: -15.3%
• Equity multiple: 0.05×
• Total profit: $-43,218
• Equity at exit: $14,050

Cash invested: $45,500 (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 79410

• Home prices YoY: -20.8%
• Rents YoY: 5.4%
• Active inventory: 110
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,041 high
• Mortgage (P&I): −$852
• Tax from tax record: −$146 /mo · $1,755/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $-244

Break-even live

Break-even rent $1,350

Max offer price $119,417

Occupancy floor —

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: $40,625
• Closing costs: $4,875
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3506 Peoria Ave Unit B Lubbock, TX	2.0	1.0	750	$625	$0.83	13d	1	0.19mi
3408 Nashville Ave Unit A Lubbock, TX	2.0	1.0	660	$700	$1.06	13d	1	0.21mi
3410 Nashville Ave Unit A Lubbock, TX	2.0	1.0	700	$675	$0.96	43d	1	0.21mi
4006 36th St Unit A Lubbock, TX	2.0	1.0	800	$695	$0.87	44d	1	0.22mi
3813 33rd St Lubbock, TX	3.0	1.0	1018	$1,295	$1.27	21d	1	0.24mi
4407 31st St Lubbock, TX	2.0	2.0	1000	$899	$0.90	21d	1	0.26mi
4423 31st St Unit 1 FS Lubbock, TX	2.0	1.0	1024	$885	$0.86	21d	1	0.35mi
4425 31st St Unit Fs Lubbock, TX	2.0	1.0	1000	$899	$0.90	21d	1	0.37mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	43d	1	0.37mi
4510 35th St Unit A Lubbock, TX	2.0	1.0	888	$750	$0.84	21d	1	0.37mi
4409 38th St Lubbock, TX	3.0	1.5	1000	$1,350	$1.35	13d	1	0.39mi
4601 32nd St Lubbock, TX	3.0	1.0	928	$995	$1.07	13d	1	0.39mi
3618 32nd St Lubbock, TX	2.0	1.0	924	$1,650	$1.79	43d	1	0.48mi
3614 32nd St Lubbock, TX	2.0	1.0	759	$900	$1.19	13d	1	0.51mi
3333 Toledo Ave Lubbock, TX	2.0	1.0–1.5	924	$741	$0.80	13d	7	0.53mi
3714 26th St Lubbock, TX	2.0	1.0	894	$1,175	$1.31	44d	1	0.60mi
4702 37th St Lubbock, TX	3.0	1.0	900	$1,150	$1.28	13d	1	0.61mi
4715 38th St Lubbock, TX	1.0	1.0	684	$549	$0.80	21d	1	0.70mi
3505 29th St Lubbock, TX	3.0	1.0	1031	$1,300	$1.26	13d	1	0.71mi
2501 Louisville Ave Lubbock, TX	3.0	1.0	1033	$1,099	$1.06	43d	1	0.71mi
3709 23rd St Lubbock, TX	3.0	1.0	1107	$950	$0.86	43d	1	0.73mi
2902 Vicksburg Ave Lubbock, TX	1.0–2.0	1.0	750	$710	$0.95	13d	3	0.81mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	13d	1	0.81mi
3601 23rd St Unit A Lubbock, TX	2.0	1.0	856	$949	$1.11	43d	1	0.83mi
3409 27th St Lubbock, TX	3.0	1.0	1031	$1,250	$1.21	21d	1	0.85mi
4907 36th St Lubbock, TX	2.0	1.0	1020	$1,095	$1.07	13d	1	0.86mi
3414 26th St Unit B Lubbock, TX	2.0	1.0	835	$950	$1.14	43d	1	0.88mi
4907 37th St Lubbock, TX	3.0	1.0	1000	$1,100	$1.10	43d	1	0.88mi
3221 33rd St Unit A Lubbock, TX	2.0	1.0	982	$925	$0.94	13d	1	0.96mi
3211 35th St Unit E Lubbock, TX	2.0	1.0	850	$850	$1.00	43d	1	1.01mi
3211 35th St Unit A Lubbock, TX	2.0	1.0	850	$850	$1.00	13d	1	1.01mi
4213 18th St Lubbock, TX	1.0	1.0	609	$800	$1.31	43d	1	1.03mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,043	$0.97	13d	9	1.06mi
4124 18th St Lubbock, TX	2.0	1.0	1020	$925	$0.91	43d	1	1.06mi
5106 35th St Lubbock, TX	2.0	1.0	840	$900	$1.07	21d	1	1.09mi
4103 17th St Unit A Lubbock, TX	2.0	1.0	996	$675	$0.68	21d	1	1.10mi
5105 36th St Lubbock, TX	2.0	1.0	788	$900	$1.14	21d	1	1.10mi
3116 33rd St Lubbock, TX	2.0	1.0	912	$1,195	$1.31	43d	1	1.10mi
5110 38th St Unit B Lubbock, TX	1.0	1.0	600	$695	$1.16	21d	1	1.14mi
4206 17th St Unit 3 Lubbock, TX	2.0	1.0	800	$895	$1.12	21d	1	1.14mi

Listing history 38 events

1. 2026-06-18
   days on market $162,500 Active 70 DOM
2. 2026-06-17
   days on market $162,500 Active 69 DOM
3. 2026-06-16
   days on market $162,500 Active 68 DOM
4. 2026-06-15
   days on market $162,500 Active 67 DOM
5. 2026-06-14
   days on market $162,500 Active 65 DOM
6. 2026-06-13
   days on market $162,500 Active 64 DOM
7. 2026-06-10
   days on market $162,500 Active 62 DOM
8. 2026-06-09
   days on market $162,500 Active 61 DOM
9. 2026-06-08
   days on market $162,500 Active 60 DOM
10. 2026-06-07
    days on market $162,500 Active 59 DOM
11. 2026-06-05
    days on market $162,500 Active 56 DOM
12. 2026-06-03
    days on market $162,500 Active 55 DOM
13. 2026-06-02
    days on market $162,500 Active 54 DOM
14. 2026-06-01
    days on market $162,500 Active 53 DOM
15. 2026-05-31
    days on market $162,500 Active 52 DOM
16. 2026-05-30
    days on market $162,500 Active 51 DOM
17. 2026-04-09
    listed $162,500 Active 707-char remark

    Show marketing remark (707 chars)

    Location, Location, Location close proximity to Texas Tech University and the medical facilities is perfect for first-time buyers looking for a place to call home after 7/25/2026. Lease Agreement $1595/Mo expired 7/25/2026. Call LA for showing. Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants. Portfolio purchase of all 2 properties: 2312 15th Street and 4117 33rd Street can be sold individually or as a package with a 5% reduction on price and sales price for both $378K. Bring all Offers!

18. 2026-04-09
    price $162,500

    Show marketing remark (707 chars)

    Location, Location, Location close proximity to Texas Tech University and the medical facilities is perfect for first-time buyers looking for a place to call home after 7/25/2026. Lease Agreement $1595/Mo expired 7/25/2026. Call LA for showing. Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants. Portfolio purchase of all 2 properties: 2312 15th Street and 4117 33rd Street can be sold individually or as a package with a 5% reduction on price and sales price for both $378K. Bring all Offers!

19. 2026-02-13
    historical $1,450
20. 2025-12-02
    listed $1,450
21. 2025-09-05
    price $177,500
22. 2025-07-23
    historical $1,450
23. 2025-04-30
    price $1,450
24. 2025-04-12
    price $1,495
25. 2025-03-28
    price $1,500
26. 2025-03-21
    price $1,550
27. 2025-03-12
    price $189,500
28. 2025-03-04
    listed $1,595
29. 2024-05-13
    historical $1,595
30. 2024-04-10
    listed $1,595
31. 2024-04-10
    historical $1,595
32. 2024-04-03
    price $1,595
33. 2024-03-19
    price $1,600
34. 2024-03-13
    price $1,650
35. 2024-01-18
    listed
36. 2013-02-15
    soldstatus
37. 2006-11-06
    soldstatus
38. 1984-11-01
    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: $1,755 · $146/mo
• Projected year-2 tax: $2,974 · $248/mo
• Expected delta: +$1,219/yr (+$102/mo · 69.4%)

ⓘ 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: $12,490
• − Mortgage interest: −$9,103
• − Property taxes: −$1,755
• − Insurance: −$812
• − Repairs & maintenance: −$999
• − Management: −$999
• − Depreciation: −$4,727
• Taxable loss: −$5,906
• Est. tax savings @ 24.0%: +$1,417
• After-tax cash flow: $-1,509/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): 10,137
• Household income: $44,537
• Rent vs Own: 67.7% rent · 32.3% own
• Severe rent burden: 1068.0

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 0.58)
• Race & ethnicity: White 55% Hispanic / Latino 33% Two or more races 15% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 6% · China, Canada, Vietnam
• Languages at home: 80% English-only · Spanish 15% Chinese 2% Vietnamese 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: ▼ -71.78%
• Current HPI: 272.7482
• Rent YoY: ▲ 5.40%
• 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

+9748.5% since first listed

22 events — show timeline

• 2026-04-09 Listed $162,500 LARMLS
• 2026-04-09 Price Changed $162,500 LARMLS
• 2026-02-13 Rental Removed $1,450 APPFOLIO
• 2025-12-02 Listed for Rent $1,450 APPFOLIO
• 2025-09-05 Price Changed $177,500 LARMLS
• 2025-07-23 Rental Removed $1,450 APPFOLIO
• 2025-04-30 Price Changed $1,450 APPFOLIO
• 2025-04-12 Price Changed $1,495 APPFOLIO
• 2025-03-28 Price Changed $1,500 APPFOLIO
• 2025-03-21 Price Changed $1,550 APPFOLIO
• 2025-03-12 Price Changed $189,500 LARMLS
• 2025-03-04 Listed for Rent $1,595 APPFOLIO
• 2024-05-13 Rental Removed $1,595 APPFOLIO
• 2024-04-10 Listed for Rent $1,595 APPFOLIO
• 2024-04-10 Rental Removed $1,595 APPFOLIO
• 2024-04-03 Price Changed $1,595 APPFOLIO
• 2024-03-19 Price Changed $1,600 APPFOLIO
• 2024-03-13 Price Changed $1,650 APPFOLIO
• 2024-01-18 Listed for Rent — APPFOLIO
• 2013-02-15 Sold (Public Records) — Public Records
• 2006-11-06 Sold (Public Records) — Public Records
• 1984-11-01 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,755 · -2.9% YoY. Source: county tax records.