1513 41st St · Lubbock, TX 79412

$79,900

2 bd · 1.0 ba · 942 sqft · SingleFamily public records · 57 Days on market

Built 1951 7,950 sqft lot $85/sqft · 32% below area Est $118k · 32% under ↓ 24% 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 +17.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

Key facts

• Maintained home
• Show ready
• 7,950 sq ft lot

Tags

• MAINTAINED HOME
• SHOW READY

Property features AI

Exterior

• Parking: Driveway; Off-street parking; On-street parking; Parking pad
• Security: See remarks
• Utilities: Public water; Public sewer; Electricity connected and available; Natural gas connected and available; Cable connected and available; Phone available
• Home design: Single-family residence; One story; Residential property
• Construction: Masonite exterior; Pillar/post/pier foundation
• Exterior features: Front porch; Rear porch; Fenced backyard with wood fencing; Landscaped, level city lot; Asphalt/paved public maintained road frontage on a city street; Composition roof

Interior

• Kitchen: Gas water heater
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central electric air conditioning
• Interior features: Eat-in kitchen; Built-in storage; Storm windows; Window coverings
• Laundry & utility: Laundry room with washer and electric dryer hookups

🏷️ Possibly a rental listed for sale. The $79,900 price doesn't fit this home's estimated sale value (~$118,182) 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 $80k.

Deal economics

• At list price, monthly cash flow is $62 ($747/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 $78k (2.6% below list).
• Recommended offer: $78k (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 01 To 05 (math 26% / reading 25%, grade F, #2,982 of 4,322 statewide, top 70%, 349 students, 96% FRL); Slaton Middle (math 13% / reading 16%, grade F, #1,583 of 1,662 statewide, top 96%, 355 students, 96% FRL); Monterey H S (math 28% / reading 37%, grade F, #1,029 of 1,632 statewide, top 64%, 2,114 students, 72% FRL) — zoned schools average 88% FRL vs 60% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 24% at this address vs 38% district-wide (-13 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 (+3.9%/yr); 110 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k 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 57 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 4y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.97% ✗
• Cap rate: 7.23%
• Cash-on-cash: 3.34%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (median comp): $118,182
• List price: $79,900
• Delta: -32.39%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1218 48th St	0.47mi	2/1.0	1,040 (+10%)	14mo	$139,000	$134	49

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

Projected returns pro-forma

-3.0% appreciation · 3.87% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.63×
• Total profit: $-8,285
• Equity at exit: $11,913

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $808
• Equity at exit: $6,908

Cash invested: $22,372 (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 79412

• Home prices YoY: -15.3%
• Rents YoY: 3.9%
• Active inventory: 110
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $778 high
• Mortgage (P&I): −$419
• Tax from tax record: −$100 /mo · $1,201/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$163
• Net cashflow: $62

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 87%

Sensitivity live

Price	-10% $107	-5% $85	+0% $62	+5% $40	+10% $17
Rent	-10% $1	-5% $32	+0% $62	+5% $93	+10% $124
Rate	-1.0pp $102	-0.5pp $83	base $62	+0.5pp $42	+1.0pp $20

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	22d	1	0.13mi
1604 45th St Lubbock, TX	1.0	1.0	700	$650	$0.93	45d	1	0.25mi
1610 45th St Unit 14 Lubbock, TX	1.0	1.0	550	$895	$1.63	45d	1	0.25mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	22d	1	0.29mi
1102 42nd St Lubbock, TX	1.0	1.0	574	$495	$0.86	22d	1	0.30mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	15d	1	0.35mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	45d	1	0.36mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	22d	1	0.36mi
1204 36th St Unit b Lubbock, TX	3.0	2.0	872	$835	$0.96	15d	1	0.40mi
1718 46th St Lubbock, TX	1.0	1.0	655	$695	$1.06	45d	1	0.42mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	22d	1	0.49mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	15d	1	0.59mi
609 38th St Unit B Lubbock, TX	2.0	1.0	660	$550	$0.83	45d	1	0.60mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	22d	1	0.61mi
2011 35th St Lubbock, TX	2.0	1.0	810	$800	$0.99	45d	1	0.61mi
4511 Avenue G Unit G Lubbock, TX	1.0	1.0	528	$750	$1.42	15d	1	0.63mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	22d	1	0.63mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	15d	1	0.64mi
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	15d	1	0.64mi
2108 38th St Lubbock, TX	3.0	2.0	1124	$900	$0.80	45d	1	0.64mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.67mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.67mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	15d	1	0.68mi
1511 52nd St Lubbock, TX	2.0	1.0	648	$800	$1.23	45d	1	0.70mi
2107 35th St Unit A Lubbock, TX	2.0	1.0	1025	$800	$0.78	45d	1	0.71mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	22d	1	0.71mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	15d	1	0.72mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.74mi
2120 47th St Lubbock, TX	2.0	1.0	793	$795	$1.00	22d	1	0.77mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	22d	1	0.77mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.79mi
2118 33rd St Unit B Lubbock, TX	1.0	1.0	676	$550	$0.81	22d	1	0.79mi
1608 29th St Unit C Lubbock, TX	1.0	1.0	680	$650	$0.96	45d	1	0.79mi
1608 29th St Unit B Lubbock, TX	2.0	1.5	694	$750	$1.08	15d	1	0.79mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	22d	1	0.79mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	15d	1	0.80mi
1310 54th St Unit 3 Lubbock, TX	1.0	1.0	684	$575	$0.84	45d	1	0.81mi
2119 32nd St Lubbock, TX	2.0	1.0	1055	$950	$0.90	45d	1	0.82mi
2208 35th St Unit B Lubbock, TX	2.0	1.0	767	$750	$0.98	45d	1	0.82mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	22d	1	0.83mi

Listing history 48 events

1. 2026-06-18
   days on market $79,900 Active 57 DOM
2. 2026-06-17
   days on market $79,900 Active 56 DOM
3. 2026-06-16
   days on market $79,900 Active 55 DOM
4. 2026-06-15
   days on market $79,900 Active 54 DOM
5. 2026-06-14
   days on market $79,900 Active 52 DOM
6. 2026-06-13
   days on market $79,900 Active 51 DOM
7. 2026-06-10
   days on market $79,900 Active 49 DOM
8. 2026-06-09
   days on market $79,900 Active 48 DOM
9. 2026-06-08
   days on market $79,900 Active 47 DOM
10. 2026-06-07
    days on market $79,900 Active 46 DOM
11. 2026-06-05
    days on market $79,900 Active 43 DOM
12. 2026-06-03
    days on market $79,900 Active 42 DOM
13. 2026-06-02
    days on market $79,900 Active 41 DOM
14. 2026-06-01
    days on market $79,900 Active 40 DOM
15. 2026-05-31
    days on market $79,900 Active 39 DOM
16. 2026-05-30
    days on market $79,900 Active 38 DOM
17. 2026-04-21
    listed $89,900 Active 264-char remark
18. 2025-07-04
    historical $1,000
19. 2025-03-26
    listed $1,000
20. 2025-03-26
    historical $1,000
21. 2025-03-24
    listed $1,000
22. 2025-02-13
    historical $1,000
23. 2025-01-28
    listed $1,000
24. 2024-12-24
    historical $1,000
25. 2024-11-27
    listed $1,000
26. 2024-09-11
    historical $1,000
27. 2024-09-07
    price $1,000
28. 2024-08-19
    listed $1,100
29. 2024-08-16
    soldstatus
30. 2024-08-13
    soldstatus Closed 203-char remark

    Show marketing remark (203 chars)

    Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

31. 2024-07-08
    status Pending 203-char remark

    Show marketing remark (203 chars)

    Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

32. 2024-07-01
    price $87,000 203-char remark

    Show marketing remark (203 chars)

    Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

33. 2024-06-19
    price $90,000 203-char remark

    Show marketing remark (203 chars)

    Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

34. 2024-06-11
    listed $95,000 Active 203-char remark

    Show marketing remark (203 chars)

    Previously leased for $1,050/month! This 3 bedroom home is ready for new owners! Updated and move-in ready! Newer HVAC system and roof and a HUGE backyard. Call your favorite Realtor for a showing today!

35. 2023-01-31
    soldstatus
36. 2023-01-30
    soldstatus Closed

    Show marketing remark (20 chars)

    New roof August 2022

37. 2023-01-01
    status Pending

    Show marketing remark (20 chars)

    New roof August 2022

38. 2023-01-01
    historical

    Show marketing remark (20 chars)

    New roof August 2022

39. 2022-12-16
    status Pending

    Show marketing remark (20 chars)

    New roof August 2022

40. 2022-08-31
    price $99,250

    Show marketing remark (20 chars)

    New roof August 2022

41. 2022-07-18
    status Active

    Show marketing remark (20 chars)

    New roof August 2022

42. 2022-07-18
    price $99,500

    Show marketing remark (20 chars)

    New roof August 2022

43. 2022-07-11
    status Pending

    Show marketing remark (20 chars)

    New roof August 2022

44. 2022-04-11
    listed $105,000 Active

    Show marketing remark (20 chars)

    New roof August 2022

45. 2014-10-24
    soldstatus
46. 2006-06-19
    soldstatus
47. 2006-06-19
    soldstatus
48. 1997-10-01
    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: $1,201 · $100/mo
• Projected year-2 tax: $1,462 · $122/mo
• Expected delta: +$261/yr (+$22/mo · 21.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 66% 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: $9,336
• − Mortgage interest: −$4,476
• − Property taxes: −$1,201
• − Insurance: −$400
• − Repairs & maintenance: −$747
• − Management: −$747
• − Depreciation: −$2,324
• Taxable loss: −$558
• Est. tax savings @ 24.0%: +$134
• After-tax cash flow: $881/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): 15,018
• Household income: $48,878
• Rent vs Own: 51.2% rent · 48.8% own
• Severe rent burden: 676.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 61% Two or more races 25% White 25% Black 10%
• Hispanic origin (detail): Mexican 51% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Serbian 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 67% English-only · Spanish 32% Arabic 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: ▼ -33.95%
• Current HPI: 188.4033
• Rent YoY: ▲ 3.87%
• 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

-23.9% since first listed

33 events — show timeline

• 2026-05-28 Price Changed $79,900 LARMLS
• 2026-04-21 Listed $89,900 LARMLS
• 2025-07-04 Rental Removed $1,000 LARMLS
• 2025-03-26 Listed for Rent $1,000 LARMLS
• 2025-03-26 Rental Removed $1,000 APPFOLIO
• 2025-03-24 Listed for Rent $1,000 APPFOLIO
• 2025-02-13 Rental Removed $1,000 LARMLS
• 2025-01-28 Listed for Rent $1,000 LARMLS
• 2024-12-24 Rental Removed $1,000 LARMLS
• 2024-11-27 Listed for Rent $1,000 LARMLS
• 2024-09-11 Rental Removed $1,000 LARMLS
• 2024-09-07 Price Changed $1,000 LARMLS
• 2024-08-19 Listed for Rent $1,100 LARMLS
• 2024-08-16 Sold (Public Records) — Public Records
• 2024-08-13 Sold (MLS) — LARMLS
• 2024-07-08 Pending — LARMLS
• 2024-07-01 Price Changed $87,000 LARMLS
• 2024-06-19 Price Changed $90,000 LARMLS
• 2024-06-11 Listed $95,000 LARMLS
• 2023-01-31 Sold (Public Records) — Public Records
• 2023-01-30 Sold (MLS) — LARMLS
• 2023-01-01 Pending — LARMLS
• 2023-01-01 Delisted — LARMLS
• 2022-12-16 Pending — LARMLS
• 2022-08-31 Price Changed $99,250 LARMLS
• 2022-07-18 Relisted — LARMLS
• 2022-07-18 Price Changed $99,500 LARMLS
• 2022-07-11 Pending — LARMLS
• 2022-04-11 Listed $105,000 LARMLS
• 2014-10-24 Sold (Public Records) — Public Records
• 2006-06-19 Sold (Public Records) — Public Records
• 2006-06-19 Sold (Public Records) — Public Records
• 1997-10-01 Sold (Public Records) — Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,201 · -4.6% YoY. Source: county tax records.