1211 140th St · Lubbock, TX 79423

$222,500

4 bd · 3.0 ba · 3,174 sqft · SingleFamily public records · 5 Days on market

Built 1954 0.82 ac lot ↓ 33% since listing

---

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 +11.7/30.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• DSCR +3.4/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1211 140th Street -- a well-maintained ranch-style home situated on just under an acre in the highly desirable Lubbock-Cooper ISD. This property offers the perfect blend of space, functionality, and country living, all while remaining conveniently close to town. With 4 bedrooms, 3 bathrooms, and a large, open living area, the home provides a comfortable and versatile layout ideal for both everyday living and entertaining. Inside, you'll find a spacious living area that serves as the heart of the home, offering plenty of room to gather and relax. The home has been well cared for and features a functional layout with generously sized bedrooms and flexible spaces to accommodate fami

Key facts

• Expansive acreage
• Carport
• Ranch style home

Tags

• RANCH STYLE HOME
• WELL MAINTAINED
• LARGE BARN
• WELL AND SEPTIC SYSTEM
• EXPANSIVE ACREAGE
• CARPORT

Property features AI

Finance

• Other: Horses allowed on property

Exterior

• Parking: Carport (3 carport spaces)
• Utilities: Private well water source; Private sewer via septic tank; Natural gas available and connected; Electricity connected; Cable connected
• Home design: Single-family residential property; Accessible entrance and accessible doors; Accessible approach with ramp
• Construction: Concrete and stucco construction; Blown-in insulation; Composition roof; Slab foundation; Built with stable(s) and other storage structures on property
• Exterior features: Private yard with fenced perimeter; Back yard fenced with chain link, masonry and pipe sections and gated access; Private entrance; Dog run; Exterior lighting; Patio; Exterior storage

Interior

• Kitchen: Dishwasher; Electric oven; Gas range; Microwave; Refrigerator; Range hood; Exhaust fan; Breakfast bar and pantry
• Flooring: Ceramic tile; Carpet; Laminate
• Bathrooms: Three full bathrooms; Accessible full bath available
• Heating & cooling: Central heating; Natural gas heating; Fireplace heating; Central air conditioning; Attic fan; Ceiling fans
• Interior features: Breakfast bar; Built-in bookcases; Ceiling fans; Double vanity in bathroom; Natural woodwork; Open floor plan; Pantry; Recessed lighting; Storage space; Walk-in closets; Aluminum window frames with double-pane glass, screens and storm windows; Window coverings; Wood-burning fireplace with raised hearth in den
• Laundry & utility: Laundry room on main level with inside washer and dryer hookups; Gas water heater and additional water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $222k.

Deal economics

• At list price, monthly cash flow is $-64 ($-772/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (13.3% below list).
• Recommended offer: $193k (13.3% 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 Central El (math 57% / reading 59%, grade C+, #480 of 4,322 statewide, top 11%, 849 students, 23% 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 30% FRL track the district average.
• Market conditions: Rents rising (+2.1%/yr); 673 active listings in the ZIP; 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 $2k of loan paydown is wiped out by about $7k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $192,930 (13.3% 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. Built in 1954 — 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. 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?
7. 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.
8. 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.
9. 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: 0.87% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.24%
• DSCR: 0.94
• GRM: 9.6

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: -19.3%
• Equity multiple: 0.33×
• Total profit: $-41,766
• Equity at exit: $33,175

10-year hold

• IRR: -13.9%
• Equity multiple: 0.23×
• Total profit: $-48,152
• Equity at exit: $19,238

Cash invested: $62,300 (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: 9.6×

Monthly cashflow live

• Estimated rent: $1,929 medium
• Mortgage (P&I): −$1,167
• Tax from tax record: −$329 /mo · $3,948/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-64

Break-even live

Break-even rent $2,011

Max offer price $211,135

Occupancy floor 98%

Sensitivity live

Price	-10% $62	-5% $-1	+0% $-64	+5% $-127	+10% $-190
Rent	-10% $-217	-5% $-141	+0% $-64	+5% $12	+10% $88
Rate	-1.0pp $48	-0.5pp $-8	base $-64	+0.5pp $-122	+1.0pp $-181

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: $55,625
• Closing costs: $6,675
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $222,500 Active 5 DOM
2. 2026-06-18
   days on market $222,500 Active 2 DOM
3. 2026-06-17
   pricedays on marketlisting id $222,500 Active 1 DOM
4. 2026-06-16
   days on market $239,950 Active 21 DOM
5. 2026-06-15
   days on market $239,950 Active 20 DOM
6. 2026-06-14
   days on market $239,950 Active 18 DOM
7. 2026-06-13
   days on market $239,950 Active 17 DOM
8. 2026-06-10
   days on market $239,950 Active 15 DOM
9. 2026-06-09
   days on market $239,950 Active 14 DOM
10. 2026-06-08
    days on market $239,950 Active 13 DOM
11. 2026-06-07
    days on market $239,950 Active 12 DOM
12. 2026-06-05
    days on market $239,950 Active 9 DOM
13. 2026-06-03
    days on market $239,950 Active 8 DOM
14. 2026-06-02
    days on market $239,950 Active 7 DOM
15. 2026-06-01
    days on market $239,950 Active 6 DOM
16. 2026-05-31
    days on market $239,950 Active 5 DOM
17. 2026-05-30
    days on market $239,950 Active 4 DOM
18. 2026-05-05
    status Active 1384-char remark
19. 2026-05-05
    price $249,950 1384-char remark
20. 2026-05-04
    status Pending 1384-char remark
21. 2026-04-07
    listed $265,000 Active 1384-char remark
22. 2025-09-21
    price $270,000
23. 2025-09-12
    price $280,000
24. 2025-07-22
    price $299,000
25. 2025-03-20
    price $330,000

ⓘ 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: $3,948 · $329/mo
• Projected year-2 tax: $4,072 · $339/mo
• Expected delta: +$124/yr (+$10/mo · 3.1%)

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

Taxation est. · year 1

• Rental income: $23,152
• − Mortgage interest: −$12,463
• − Property taxes: −$3,948
• − Insurance: −$1,112
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − Depreciation: −$6,473
• Taxable loss: −$4,549
• Est. tax savings @ 24.0%: +$1,092
• After-tax cash flow: $320/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-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

• 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

Price history

-32.6% since first listed

6 events — show timeline

• 2026-06-16 Listed $222,500 LARMLS
• 2026-05-05 Price Changed $249,950 LARMLS
• 2025-09-21 Price Changed $270,000 LARMLS
• 2025-09-12 Price Changed $280,000 LARMLS
• 2025-07-22 Price Changed $299,000 LARMLS
• 2025-03-20 Price Changed $330,000 LARMLS

Property tax history

+0.6%/yr

Latest (2025): $3,948 · -5.6% YoY. Source: county tax records.