2510 Avenue K · Lubbock, TX 79411

$22,000

2 bd · 1.0 ba · 1,016 sqft · SingleFamily public records · 44 Days on market

Built 1943 5,000 sqft lot $22/sqft · 75% below area ↓ 55% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Welcome to 2510 Ave K — a prime opportunity for investors looking for a heavy value-add project with significant upside. This property is currently tenant-occupied on a month-to-month lease, providing some income while you plan your next steps. The home is very under-rented and will require major repairs and renovation to bring it up to full market potential—making it ideal for investors ready to take on a project. What makes this opportunity stand out is the pricing. Listed at approximately 28% of its market value, this property offers substantial room for improvements, repositioning, and long-term equity growth. Located in Central Lubbock with convenient access to downtown, ma

Key facts

• 5,000 sq ft lot
• Built 1943
• Listed 44 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Paved public road access via city street
• Home design: Single family residence; Residential property; Property condition: Fixer
• Construction: Built with unknown construction materials; Pillar/post/pier foundation
• Exterior features: None specified; Composition roof

Interior

• Kitchen: No appliances listed (none specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Has heating (details listed as Other); Has cooling (details listed as Other)
• Interior features: Other interior features

🏷️ Possibly a rental listed for sale. The $22,000 price doesn't fit this home's estimated sale value (~$87,743) 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 $22k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($945 rent vs $22k).
• Recommended offer: $21k (3.0% 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-, 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.
• Zoned schools: Bean El Gr Pk To Kg (104 students, 96% FRL); Dunbar College Preparatory Academy (math 16% / reading 20%, grade F, #1,491 of 1,662 statewide, top 91%, 430 students, 97% FRL, charter); Estacado H S (math 26% / reading 29%, grade F, #1,183 of 1,632 statewide, top 73%, 897 students, 90% FRL) — zoned schools average 94% FRL vs 60% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 38% district-wide (-15 pts) — the specific schools serving this property underperform the Lubbock ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.9%/yr); 96 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $152 of loan paydown is wiped out by about $660 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.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $6k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($21k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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: flood insurance adds $427/mo; built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $21,340 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
8. 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.
9. 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.
10. 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: 4.30% ✓
• Cap rate: 38.74%
• Cash-on-cash: 115.87%
• DSCR: 6.16
• GRM: 1.9

CMA / ARV

• ARV (median comp): $87,743
• List price: $22,000
• Delta: -74.93%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.87% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 2.03×
• Total profit: $6,366
• Equity at exit: $3,280

10-year hold

• IRR: 32.1%
• Equity multiple: 3.63×
• Total profit: $16,204
• Equity at exit: $1,902

Cash invested: $6,160 (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 79411

• Home prices YoY: -10.5%
• Rents YoY: 1.9%
• Active inventory: 96
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $945 high
• Mortgage (P&I): −$115
• Tax est. 1.5%: −$28 /mo · $330/yr
• Insurance: −$9
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $168

Break-even live

Break-even rent $732

Max offer price $22,000

Occupancy floor 77%

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: $5,500
• Closing costs: $660
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1313 25th St Lubbock, TX	2.0	1.0	780	$875	$1.12	43d	1	0.11mi
2015 Avenue L Unit B Lubbock, TX	3.0	2.0	980	$960	$0.98	13d	1	0.33mi
1609 27th St Lubbock, TX	2.0	1.0	862	$900	$1.04	43d	1	0.35mi
1610 28th St Unit A Lubbock, TX	2.0	2.0	1060	$750	$0.71	13d	1	0.37mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	21d	1	0.40mi
1601 21st St Unit a Lubbock, TX	3.0	2.0	980	$925	$0.94	13d	1	0.44mi
1915 Avenue O Unit O Lubbock, TX	2.0	1.0	732	$750	$1.02	43d	1	0.48mi
1724 27th St Lubbock, TX	2.0	1.0	850	$925	$1.09	43d	1	0.54mi
1901 26th St Lubbock, TX	2.0	1.0	1142	$950	$0.83	21d	1	0.56mi
1904 24th St Lubbock, TX	3.0	1.0	1172	$1,100	$0.94	43d	1	0.59mi
1915 26th St Lubbock, TX	3.0	1.0	1221	$1,100	$0.90	43d	1	0.62mi
1204 36th St Unit b Lubbock, TX	3.0	2.0	872	$835	$0.96	13d	1	0.64mi
1920 27th St Unit 1 Lubbock, TX	3.0	3.0	1366	$1,500	$1.10	43d	1	0.64mi
1911 22nd St Unit A Lubbock, TX	1.0	1.0	787	$695	$0.88	13d	1	0.66mi
1911 21st St Unit B Lubbock, TX	2.0	1.0	714	$750	$1.05	43d	1	0.68mi
1912 21st St Lubbock, TX	3.0	2.0	1473	$1,025	$0.70	43d	1	0.70mi
2007 27th St Lubbock, TX	2.0	1.0	1044	$1,250	$1.20	43d	1	0.72mi
1615 16th St Lubbock, TX	1.0	1.0	850	$649	$0.76	21d	1	0.73mi
1914 20th St Lubbock, TX	1.0	1.0	750	$499	$0.67	13d	1	0.74mi
1414 Texas Ave Unit 7B Lubbock, TX	1.0	1.0	900	$925	$1.03	43d	1	0.77mi
2404 Avenue U Unit U Lubbock, TX	2.0	1.0	948	$925	$0.98	43d	1	0.77mi
2404 Avenue U Lubbock, TX	2.0	1.0	948	$699	$0.74	43d	1	0.77mi
1401 Avenue J Unit 1606 Lubbock, TX	1.0	1.0	1160	$925	$0.80	13d	1	0.79mi
2003 32nd St Unit A Lubbock, TX	2.0	2.0	1228	$1,150	$0.94	43d	1	0.81mi
2115 27th St Unit A Lubbock, TX	2.0	1.0	1148	$875	$0.76	21d	1	0.82mi
2119 25th St Lubbock, TX	3.0	1.5	1184	$1,200	$1.01	43d	1	0.84mi
2118 24th St Lubbock, TX	3.0	1.0	1435	$1,000	$0.70	21d	1	0.84mi
2113 22nd St Lubbock, TX	2.0	1.0	1404	$850	$0.61	21d	1	0.85mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	21d	1	0.85mi
2123 25th St Unit rear Lubbock, TX	3.0	1.0	1000	$950	$0.95	43d	1	0.86mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	13d	1	0.86mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	43d	1	0.86mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	21d	1	0.86mi
1922 18th St Lubbock, TX	3.0	1.0	1136	$1,050	$0.92	21d	1	0.87mi
2109 20th St Lubbock, TX	3.0	2.0	1391	$1,200	$0.86	43d	1	0.88mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	13d	1	0.89mi
2201 28th St Lubbock, TX	3.0	1.0	1246	$995	$0.80	21d	1	0.89mi
211 36th St Unit B Lubbock, TX	3.0	1.0	750	$775	$1.03	43d	1	0.89mi
209 36th St Unit A Lubbock, TX	3.0	1.0	750	$750	$1.00	43d	1	0.90mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	21d	1	0.90mi

Listing history 23 events

1. 2026-06-18
   days on market $22,000 Active 44 DOM
2. 2026-06-17
   days on market $22,000 Active 43 DOM
3. 2026-06-16
   days on market $22,000 Active 42 DOM
4. 2026-06-15
   days on market $22,000 Active 41 DOM
5. 2026-06-14
   days on market $22,000 Active 39 DOM
6. 2026-06-13
   days on market $22,000 Active 38 DOM
7. 2026-06-10
   days on market $22,000 Active 36 DOM
8. 2026-06-09
   days on market $22,000 Active 35 DOM
9. 2026-06-08
   days on market $22,000 Active 34 DOM
10. 2026-06-07
    days on market $22,000 Active 33 DOM
11. 2026-06-05
    days on market $22,000 Active 30 DOM
12. 2026-06-03
    days on market $22,000 Active 29 DOM
13. 2026-06-02
    days on market $22,000 Active 28 DOM
14. 2026-06-01
    days on market $22,000 Active 27 DOM
15. 2026-05-31
    days on market $22,000 Active 26 DOM
16. 2026-05-30
    days on market $22,000 Active 25 DOM
17. 2026-05-05
    listed $22,000 Active 1017-char remark
18. 2025-12-03
    price $22,000
19. 2025-11-18
    price $35,000
20. 2021-08-31
    listed $49,000
21. 2011-06-02
    soldstatus
22. 2008-10-08
    soldstatus
23. 2007-06-18
    soldstatus

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,345
• − Mortgage interest: −$1,232
• − Property taxes: −$330
• − Insurance: −$5,228
• − Repairs & maintenance: −$908
• − Management: −$908
• − Depreciation: −$640
• Taxable income: $2,099
• Est. tax owed @ 24.0%: −$504
• After-tax cash flow: $1,516/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): 6,865
• Household income: $47,634
• Rent vs Own: 72.5% rent · 27.5% own
• Severe rent burden: 777.0

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: Hispanic / Latino 50% White 39% Two or more races 10% Black 9% Native American 2%
• Hispanic origin (detail): Mexican 37% Cuban 2%
• Common ancestry: Slovak 3% Italian 2% Portuguese 2%
• Foreign-born: 8% · Canada
• Languages at home: 64% English-only · Spanish 35%

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: ▼ -24.58%
• Current HPI: 210.495
• Rent YoY: ▲ 1.87%
• 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

-55.1% since first listed

7 events — show timeline

• 2026-05-05 Listed $22,000 LARMLS
• 2025-12-03 Price Changed $22,000 LARMLS
• 2025-11-18 Price Changed $35,000 LARMLS
• 2021-08-31 Listed $49,000 LARMLS
• 2011-06-02 Sold (Public Records) — Public Records
• 2008-10-08 Sold (Public Records) — Public Records
• 2007-06-18 Sold (Public Records) — Public Records

Property tax history

+6.5%/yr

Latest (2025): $1,119 · -12.3% YoY. Source: county tax records.