2422 30th St · Lubbock, TX 79411

$100,000

3 bd · 2.0 ba · 1,312 sqft · SingleFamily public records · 132 Days on market

Built 1942 8,400 sqft lot $76/sqft · 20% below area Est $125k · 20% under

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Why this score? — see what drove the B- 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 +23.7/30.0
• ARV discount +15.0/15.0
• 1% rule +7.6/10.0
• DSCR +7.6/10.0
• 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 MLS

Discover a remarkable income-producing property that meets the 1% rule! This particular property features 3 bedrooms 1 bath 2 car detached garage with a nice sized yard. Located in the Heart of Lubbock this home is just minutes from the Texas Tech campus and Medical District. Currently rented at $1050 a month it has steady cash flow tenancy through May 2026. All sold AS-IS.

Key facts

• Medical district
• Nice sized yard
• 8,400 sq ft lot

Tags

• INCOME PRODUCING PROPERTY
• THREE PROPERTY PACKAGE
• NICE SIZED YARD
• MINUTES FROM TEXAS TECH
• MEDICAL DISTRICT
• STEADY CASH FLOW TENANCY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% 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-, 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 (+1.9%/yr); 96 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• This rent runs 32% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 132 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 8991% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1942 — 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 $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.26% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.17%
• DSCR: 1.36
• GRM: 6.6

CMA / ARV

• ARV (median comp): $125,227
• List price: $100,000
• Delta: -20.14%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-5,385
• Equity at exit: $14,910

10-year hold

• IRR: 3.0%
• Equity multiple: 1.20×
• Total profit: $5,632
• Equity at exit: $8,646

Cash invested: $28,000 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,260 high
• Mortgage (P&I): −$524
• Tax from tax record: −$238 /mo · $2,861/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $191

Break-even live

Break-even rent $1,018

Max offer price $100,000

Occupancy floor 80%

Sensitivity live

Price	-10% $247	-5% $219	+0% $191	+5% $162	+10% $134
Rent	-10% $91	-5% $141	+0% $191	+5% $240	+10% $290
Rate	-1.0pp $241	-0.5pp $216	base $191	+0.5pp $165	+1.0pp $138

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2420 30th St Lubbock, TX	2.0	1.0	1092	$1,100	$1.01	21d	1	0.03mi
2416 30th St Lubbock, TX	3.0	2.0	1746	$1,425	$0.82	21d	1	0.03mi
2419 31st St Apt B Lubbock, TX	2.0	1.0	878	$795	$0.91	14d	1	0.07mi
2411 31st St Lubbock, TX	3.0	1.0	1003	$1,000	$1.00	21d	1	0.07mi
2430 31st St Lubbock, TX	3.0	2.0	1592	$1,450	$0.91	44d	1	0.08mi
2315 32nd St Lubbock, TX	2.0	1.0	900	$995	$1.11	21d	1	0.19mi
2518 30th St Lubbock, TX	4.0	2.0	1558	$1,750	$1.12	21d	1	0.19mi
2404 27th St Lubbock, TX	4.0	2.0	1250	$1,349	$1.08	44d	1	0.23mi
2602 28th St Lubbock, TX	2.0	1.0	937	$1,095	$1.17	21d	1	0.26mi
2613 30th St Lubbock, TX	3.0	2.0	1472	$1,500	$1.02	44d	1	0.28mi
2614 31st St Lubbock, TX	3.0	2.0	1549	$1,650	$1.07	44d	1	0.29mi
2512 26th St Unit 1706 Lubbock, TX	2.0	2.0	986	$700	$0.71	44d	1	0.30mi
2421 25th St Lubbock, TX	3.0	2.0	1032	$1,575	$1.53	21d	1	0.30mi
2408 35th St Lubbock, TX	2.0	1.0	1072	$995	$0.93	21d	1	0.30mi
2404 25th St Lubbock, TX	3.0	2.0	1292	$1,395	$1.08	21d	1	0.34mi
2211 33rd St Unit A Lubbock, TX	3.0	1.5	1293	$1,200	$0.93	44d	1	0.35mi
2606 26th St Lubbock, TX	2.0	1.0	1162	$1,395	$1.20	44d	1	0.35mi
2201 28th St Lubbock, TX	3.0	1.0	1246	$995	$0.80	21d	1	0.36mi
2311 25th St Lubbock, TX	4.0	2.0	1400	$1,400	$1.00	21d	1	0.37mi
2119 32nd St Lubbock, TX	2.0	1.0	1055	$950	$0.90	44d	1	0.40mi
2701 27th St Lubbock, TX	3.0	2.0	1569	$1,800	$1.15	44d	1	0.41mi
2405 23rd St Lubbock, TX	2.0	1.0	1042	$895	$0.86	21d	1	0.42mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	0.44mi
2220 25th St Lubbock, TX	4.0	1.0	1077	$695	$0.65	21d	1	0.44mi
2215 36th St Lubbock, TX	3.0	2.0	1578	$1,450	$0.92	44d	1	0.44mi
2115 27th St Unit A Lubbock, TX	2.0	1.0	1148	$875	$0.76	21d	1	0.44mi
2506 37th St Lubbock, TX	3.0	1.0	1053	$1,550	$1.47	21d	1	0.44mi
2620 25th St Lubbock, TX	3.0	1.0	1282	$1,600	$1.25	44d	1	0.44mi
2508 37th St Lubbock, TX	3.0	2.5	1495	$1,700	$1.14	44d	1	0.45mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	21d	1	0.45mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	44d	1	0.45mi
2511 23rd St Lubbock, TX	2.0	2.0	1428	$1,500	$1.05	21d	1	0.46mi
2403 22nd Pl Lubbock, TX	2.0	1.0	1066	$900	$0.84	21d	1	0.48mi
2123 25th St Unit rear Lubbock, TX	3.0	1.0	1000	$950	$0.95	44d	1	0.49mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	14d	1	0.49mi
2107 35th St Unit A Lubbock, TX	2.0	1.0	1025	$800	$0.78	44d	1	0.50mi
2518 23rd St Lubbock, TX	2.0	1.0	900	$1,075	$1.19	44d	1	0.50mi
2119 25th St Lubbock, TX	3.0	1.5	1184	$1,200	$1.01	44d	1	0.50mi
2403 38th St Lubbock, TX	3.0	1.5	1786	$1,700	$0.95	44d	1	0.52mi
2616 37th St Lubbock, TX	2.0	1.0	950	$1,200	$1.26	21d	1	0.52mi

Listing history 28 events

1. 2026-06-18
   days on market $100,000 Active 132 DOM
2. 2026-06-17
   days on market $100,000 Active 131 DOM
3. 2026-06-16
   days on market $100,000 Active 130 DOM
4. 2026-06-15
   days on market $100,000 Active 129 DOM
5. 2026-06-14
   days on market $100,000 Active 127 DOM
6. 2026-06-13
   days on market $100,000 Active 126 DOM
7. 2026-06-10
   days on market $100,000 Active 124 DOM
8. 2026-06-09
   days on market $100,000 Active 123 DOM
9. 2026-06-08
   days on market $100,000 Active 122 DOM
10. 2026-06-07
    days on market $100,000 Active 121 DOM
11. 2026-06-05
    days on market $100,000 Active 118 DOM
12. 2026-06-03
    days on market $100,000 Active 117 DOM
13. 2026-06-02
    days on market $100,000 Active 116 DOM
14. 2026-06-01
    days on market $100,000 Active 115 DOM
15. 2026-05-31
    days on market $100,000 Active 114 DOM
16. 2026-05-30
    days on market $100,000 Active 113 DOM
17. 2026-03-17
    status Active 376-char remark

    Show marketing remark (376 chars)

    Discover a remarkable income-producing property that meets the 1% rule! This particular property features 3 bedrooms 1 bath 2 car detached garage with a nice sized yard. Located in the Heart of Lubbock this home is just minutes from the Texas Tech campus and Medical District. Currently rented at $1050 a month it has steady cash flow tenancy through May 2026. All sold AS-IS.

18. 2026-03-10
    status Pending 376-char remark

    Show marketing remark (376 chars)

    Discover a remarkable income-producing property that meets the 1% rule! This particular property features 3 bedrooms 1 bath 2 car detached garage with a nice sized yard. Located in the Heart of Lubbock this home is just minutes from the Texas Tech campus and Medical District. Currently rented at $1050 a month it has steady cash flow tenancy through May 2026. All sold AS-IS.

19. 2026-03-07
    listed $1,100
20. 2026-03-05
    price $100,000 376-char remark

    Show marketing remark (376 chars)

    Discover a remarkable income-producing property that meets the 1% rule! This particular property features 3 bedrooms 1 bath 2 car detached garage with a nice sized yard. Located in the Heart of Lubbock this home is just minutes from the Texas Tech campus and Medical District. Currently rented at $1050 a month it has steady cash flow tenancy through May 2026. All sold AS-IS.

21. 2026-01-30
    listed $299,000 Active 376-char remark

    Show marketing remark (376 chars)

    Discover a remarkable income-producing property that meets the 1% rule! This particular property features 3 bedrooms 1 bath 2 car detached garage with a nice sized yard. Located in the Heart of Lubbock this home is just minutes from the Texas Tech campus and Medical District. Currently rented at $1050 a month it has steady cash flow tenancy through May 2026. All sold AS-IS.

22. 2025-08-07
    soldstatus
23. 2025-08-05
    soldstatus
24. 2025-03-09
    historical $1,050
25. 2025-02-08
    listed $1,050
26. 2019-04-23
    soldstatus
27. 2016-09-01
    soldstatus
28. 1986-11-01
    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: $2,861 · $238/mo
• Projected year-2 tax: $2,861 · $238/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 (unshaded) · 0% 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: $15,117
• − Mortgage interest: −$5,602
• − Property taxes: −$2,861
• − Insurance: −$500
• − Repairs & maintenance: −$1,209
• − Management: −$1,209
• − Depreciation: −$2,909
• Taxable income: $827
• Est. tax owed @ 24.0%: −$198
• After-tax cash flow: $2,090/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

+4.8% since first listed

12 events — show timeline

• 2026-03-17 Relisted — LARMLS
• 2026-03-10 Pending — LARMLS
• 2026-03-07 Listed for Rent $1,100 LARMLS
• 2026-03-05 Price Changed $100,000 LARMLS
• 2026-01-30 Listed $299,000 LARMLS
• 2025-08-07 Sold (Public Records) — Public Records
• 2025-08-05 Sold (Public Records) — Public Records
• 2025-03-09 Rental Removed $1,050 APPFOLIO
• 2025-02-08 Listed for Rent $1,050 APPFOLIO
• 2019-04-23 Sold (Public Records) — Public Records
• 2016-09-01 Sold (Public Records) — Public Records
• 1986-11-01 Sold (Public Records) — Public Records

Property tax history

+5.4%/yr

Latest (2025): $2,861 · -8.4% YoY. Source: county tax records.