6112 Avenue Q · Lubbock, TX 79412

$70,000

2 bd · 2.0 ba · 1,319 sqft · SingleFamily public records · 48 Days on market

Built 1952 7,830 sqft lot $53/sqft · 48% below area Est $134k · 48% under ↓ 22% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• 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

Welcome to 6112 Ave Q — a strong opportunity for investors or buyers looking for a property that's already on its way to being rent-ready. This home is currently undergoing upgrades, making it an ideal option for someone who wants to step into a deal without starting from scratch. With a newer roof already in place and improvements in progress, the property is positioned to be rent-ready quickly with minimal additional effort. Once completed, the projected market rent is approximately $800/month, offering solid cash flow potential in a proven rental area within the Bayless Atkins neighborhood. Even more compelling, the property is listed at approximately 68% of its market value, creat

Key facts

• 7,830 sq ft lot
• Built 1952
• Listed 48 days

Property features AI

Finance

• Other: Lot size: 0.18 acres

Exterior

• Parking: Driveway
• Utilities: Paved public-maintained road access; City street frontage
• Home design: Single-family residence; Residential property; Fixer condition
• Construction: Composition roof; Foundation: Pillar/Post/Pier; Construction materials: Unknown; Built area above grade: 1,319
• Exterior features: None specified; Other exterior features

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Has heating (type: Other); Has cooling (type: Other)
• Interior features: Other interior features (unspecified)

🏷️ Possibly a rental listed for sale. The $70,000 price doesn't fit this home's estimated sale value (~$133,913) 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/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($989 rent vs $70k).
• Recommended offer: $68k (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: Bayless El (math 47% / reading 33%, grade F, #1,514 of 4,322 statewide, top 36%, 518 students, 94% FRL); Atkins Middle (math 24% / reading 33%, grade F, #1,122 of 1,662 statewide, top 69%, 542 students, 87% 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 84% FRL vs 60% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 111 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 $484 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.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $20k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

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 $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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 1952 — 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: 1.41% ✓
• Cap rate: 11.10%
• Cash-on-cash: 17.16%
• DSCR: 1.76
• GRM: 5.9

CMA / ARV

• ARV (median comp): $133,913
• List price: $70,000
• Delta: -47.73%
• Verdict: UNDERPRICED
• Comps: 10 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 9.5%
• Equity multiple: 1.38×
• Total profit: $7,410
• Equity at exit: $10,437

10-year hold

• IRR: 19.4%
• Equity multiple: 2.69×
• Total profit: $33,196
• Equity at exit: $6,052

Cash invested: $19,600 (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: 111
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $989 high
• Mortgage (P&I): −$367
• Tax from tax record: −$105 /mo · $1,261/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $280

Break-even live

Break-even rent $635

Max offer price $70,000

Occupancy floor 67%

Sensitivity live

Price	-10% $320	-5% $300	+0% $280	+5% $261	+10% $241
Rent	-10% $202	-5% $241	+0% $280	+5% $319	+10% $358
Rate	-1.0pp $316	-0.5pp $298	base $280	+0.5pp $262	+1.0pp $244

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	23d	1	0.15mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	23d	1	0.23mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	16d	1	0.25mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	46d	1	0.33mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	46d	1	0.33mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	46d	1	0.33mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	46d	1	0.34mi
1921 S Loop 289 Lubbock, TX	3.0	2.0	1121	$1,100	$0.98	46d	1	0.63mi
2105 South Loop 289 Unit A Lubbock, TX	2.0	1.0	962	$950	$0.99	16d	1	0.74mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	46d	1	0.75mi
2113 South Loop 289 Unit B Lubbock, TX	2.0	1.0	950	$900	$0.95	16d	1	0.77mi
2113 S Loop 289 Lubbock, TX	2.0	1.0	1000	$849	$0.85	46d	1	0.77mi
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	23d	1	0.82mi
1923 76th St Lubbock, TX	3.0	2.0	1622	$1,699	$1.05	46d	1	0.85mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	23d	1	0.87mi
2128 74th St Lubbock, TX	3.0	2.5	1132	$1,350	$1.19	23d	1	0.88mi
7304 Avenue W Lubbock, TX	3.0	2.0	1500	$999	$0.67	16d	1	0.91mi
1940 77th St Lubbock, TX	3.0	2.0	1700	$1,500	$0.88	46d	1	0.92mi
2401 73rd St Unit 14 Lubbock, TX	2.0	2.0	950	$800	$0.84	16d	1	0.93mi
7404 W Avenue Unit A Lubbock, TX	2.0	1.0	950	$825	$0.87	46d	1	0.94mi
7406 Waco Ave Unit C Lubbock, TX	2.0	1.0	1831	$750	$0.41	46d	1	1.03mi
1625 79th Pl Lubbock, TX	3.0	2.0	1541	$1,650	$1.07	46d	1	1.03mi
1805 79th Pl Lubbock, TX	3.0	2.0	1284	$1,375	$1.07	46d	1	1.03mi
1115 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	46d	1	1.10mi
1606 82nd St Lubbock, TX	1.0–2.0	1.0–2.0	843	$1,580	$1.87	16d	16	1.11mi
1113 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	46d	1	1.11mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	23d	1	1.14mi
2707 63rd St Lubbock, TX	3.0	1.0	1080	$1,050	$0.97	16d	1	1.16mi
1512 82nd St Unit B Lubbock, TX	2.0	1.0	900	$750	$0.83	23d	1	1.16mi
1508 82nd St Unit A Lubbock, TX	2.0	1.0	960	$750	$0.78	46d	1	1.17mi
8108 Sherman Ave Lubbock, TX	3.0	2.0	1306	$1,400	$1.07	46d	1	1.18mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	23d	1	1.18mi
1118 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	46d	1	1.21mi
1116 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	46d	1	1.21mi
1112 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	46d	1	1.21mi
2315 48th St Lubbock, TX	3.0	1.0	1014	$1,350	$1.33	23d	1	1.21mi
1108 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	46d	1	1.22mi
1106 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	46d	1	1.22mi
914 82nd St Unit B Lubbock, TX	2.0	1.0	932	$900	$0.97	46d	1	1.24mi
2725 63rd St Unit FS Lubbock, TX	3.0	2.0	1624	$1,599	$0.98	46d	1	1.27mi

Listing history 21 events

1. 2026-06-23
   days on market $70,000 Active 48 DOM
2. 2026-06-22
   days on market $70,000 Active 47 DOM
3. 2026-06-18
   days on market $70,000 Active 44 DOM
4. 2026-06-17
   days on market $70,000 Active 43 DOM
5. 2026-06-16
   days on market $70,000 Active 42 DOM
6. 2026-06-15
   days on market $70,000 Active 41 DOM
7. 2026-06-14
   days on market $70,000 Active 39 DOM
8. 2026-06-13
   days on market $70,000 Active 38 DOM
9. 2026-06-10
   days on market $70,000 Active 36 DOM
10. 2026-06-09
    days on market $70,000 Active 35 DOM
11. 2026-06-08
    days on market $70,000 Active 34 DOM
12. 2026-06-07
    days on market $70,000 Active 33 DOM
13. 2026-06-05
    days on market $70,000 Active 30 DOM
14. 2026-06-03
    days on market $70,000 Active 29 DOM
15. 2026-06-02
    days on market $70,000 Active 28 DOM
16. 2026-06-01
    days on market $70,000 Active 27 DOM
17. 2026-05-31
    days on market $70,000 Active 26 DOM
18. 2026-05-30
    days on market $70,000 Active 25 DOM
19. 2026-05-05
    listed $70,000 Active 1182-char remark
20. 2025-12-02
    price $90,000
21. 2011-06-02
    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: $1,261 · $105/mo
• Projected year-2 tax: $1,281 · $107/mo
• Expected delta: +$20/yr (+$2/mo · 1.6%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% 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: $11,874
• − Mortgage interest: −$3,921
• − Property taxes: −$1,261
• − Insurance: −$350
• − Repairs & maintenance: −$950
• − Management: −$950
• − Depreciation: −$2,036
• Taxable income: $2,405
• Est. tax owed @ 24.0%: −$577
• After-tax cash flow: $2,787/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

-22.2% since first listed

3 events — show timeline

• 2026-05-05 Listed $70,000 LARMLS
• 2025-12-02 Price Changed $90,000 LARMLS
• 2011-06-02 Sold (Public Records) — Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,261 · -5.3% YoY. Source: county tax records.