3503 35th St · Lubbock, TX 79413

$145,000

3 bd · 2.0 ba · 1,340 sqft · SingleFamily public records · 17 Days on market

Built 1954 7,725 sqft lot

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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 +20.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +5.1/10.0
• 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

Great investment property looking for new owner! This 3 bedroom, 2 bathroom home is currently leased, and professionally managed. Heavily desired location close to Texas Tech, and other amenities. Take a look before it's gone!

Key facts

• 7,725 sq ft lot
• Built 1954
• Listed 17 days

Property features AI

Exterior

• Parking: Off-street parking
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: Electricity connected; Natural gas available and connected; Water connected; Public sewer connected
• Home design: Single family residence; One story; Updated/remodeled
• Construction: Frame construction with wood siding; Composition roof; Pillar/post/pier foundation; Built on a 0.18-acre lot
• Exterior features: Private yard; Back yard; Front yard; City lot; Subdivided lot; Asphalt road access; City street frontage; Publicly maintained road

Interior

• Kitchen: Electric oven; Electric range
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $182 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Recommended offer: $143k (1.5% 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: Maedgen El (math 37% / reading 27%, grade F, #2,268 of 4,322 statewide, top 55%, 323 students, 91% FRL); Hutchinson Middle (math 57% / reading 63%, grade B, #158 of 1,662 statewide, top 10%, 833 students, 49% FRL); Lubbock H S (math 45% / reading 52%, grade D, #560 of 1,632 statewide, top 35%, 1,839 students, 55% FRL) — zoned schools at 65% FRL track the district average.
• Market conditions: Rents rising (+1.9%/yr); 183 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); 55% 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 $1k of loan paydown is wiped out by about $4k 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 17 days — a 2% lower offer ($143k) 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: built in 1954 — 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 $142,825 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.01% ✓
• Cap rate: 7.80%
• Cash-on-cash: 5.38%
• DSCR: 1.24
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.67×
• Total profit: $-13,453
• Equity at exit: $21,620

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-2,991
• Equity at exit: $12,537

Cash invested: $40,600 (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 79413

• Rents YoY: 1.9%
• Active inventory: 183
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,468 high
• Mortgage (P&I): −$760
• Tax from tax record: −$157 /mo · $1,886/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $182

Break-even live

Break-even rent $1,238

Max offer price $145,000

Occupancy floor 83%

Sensitivity live

Price	-10% $264	-5% $223	+0% $182	+5% $141	+10% $100
Rent	-10% $66	-5% $124	+0% $182	+5% $240	+10% $298
Rate	-1.0pp $255	-0.5pp $219	base $182	+0.5pp $144	+1.0pp $106

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3221 33rd St Unit A Lubbock, TX	2.0	1.0	982	$925	$0.94	14d	1	0.30mi
3618 32nd St Lubbock, TX	2.0	1.0	924	$1,650	$1.79	44d	1	0.31mi
3620 32nd St Lubbock, TX	3.0	1.0	1146	$1,200	$1.05	21d	1	0.32mi
3712 37th St Lubbock, TX	4.0	2.0	1672	$2,100	$1.26	44d	1	0.34mi
3505 29th St Lubbock, TX	3.0	1.0	1031	$1,300	$1.26	14d	1	0.39mi
3404 42nd St Lubbock, TX	3.0	2.0	1475	$1,500	$1.02	44d	1	0.40mi
3126 38th St Lubbock, TX	2.0	1.0	1248	$1,195	$0.96	44d	1	0.43mi
3114 37th St Lubbock, TX	3.0	1.0	988	$1,095	$1.11	44d	1	0.43mi
3116 33rd St Lubbock, TX	2.0	1.0	912	$1,195	$1.31	44d	1	0.45mi
3812 36th St Unit A Lubbock, TX	3.0	2.0	1458	$1,500	$1.03	21d	1	0.46mi
3813 33rd St Lubbock, TX	3.0	1.0	1018	$1,295	$1.27	21d	1	0.47mi
3114 40th St Lubbock, TX	3.0	2.0	1488	$1,375	$0.92	44d	1	0.49mi
3108 39th St Lubbock, TX	3.0	2.0	1504	$1,295	$0.86	21d	1	0.50mi
3101 33rd St Lubbock, TX	3.0	3.0	1250	$999	$0.80	44d	1	0.51mi
3409 27th St Lubbock, TX	3.0	1.0	1031	$1,250	$1.21	21d	1	0.52mi
3019 33rd St Lubbock, TX	3.0	1.5	1573	$1,500	$0.95	14d	1	0.53mi
3302 28th St Lubbock, TX	3.0	2.5	1660	$1,725	$1.04	21d	1	0.54mi
3709 28th St Lubbock, TX	3.0	2.0	1164	$1,400	$1.20	21d	1	0.54mi
3612 44th St Lubbock, TX	3.0	2.0	1675	$1,850	$1.10	44d	1	0.57mi
3319 26th St Lubbock, TX	3.0	2.0	1520	$1,500	$0.99	44d	1	0.59mi
3502 26th St Lubbock, TX	2.0	2.0	1152	$1,295	$1.12	44d	1	0.61mi
3418 26th St Lubbock, TX	3.0	2.0	1335	$1,350	$1.01	21d	1	0.61mi
3007 32nd St Lubbock, TX	3.0	1.0	1353	$1,325	$0.98	21d	1	0.62mi
3016 30th St Lubbock, TX	2.0	1.0	947	$975	$1.03	44d	1	0.65mi
2823 33rd St Lubbock, TX	3.0	1.0	1105	$950	$0.86	44d	1	0.67mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	21d	1	0.67mi
3505 46th St Lubbock, TX	2.0	2.0	1686	$1,550	$0.92	44d	1	0.68mi
3714 26th St Lubbock, TX	2.0	1.0	894	$1,175	$1.31	44d	1	0.69mi
3807 26th St Lubbock, TX	3.0	2.0	1410	$1,500	$1.06	14d	1	0.71mi
2501 Louisville Ave Lubbock, TX	3.0	1.0	1033	$1,099	$1.06	44d	1	0.71mi
4103 30th St Lubbock, TX	3.0	1.0	1323	$1,250	$0.94	44d	1	0.72mi
3105 44th St Lubbock, TX	3.0	2.0	1348	$1,375	$1.02	21d	1	0.72mi
3417 47th St Lubbock, TX	3.0	2.0	1450	$1,550	$1.07	44d	1	0.73mi
2801 36th St Lubbock, TX	3.0	2.0	1446	$2,700	$1.87	44d	1	0.75mi
3813 25th St Lubbock, TX	4.0	2.0	1467	$1,400	$0.95	14d	1	0.77mi
3712 47th St Lubbock, TX	3.0	2.0	1767	$1,400	$0.79	21d	1	0.78mi
4304 32nd St Lubbock, TX	3.0	2.0	1174	$1,395	$1.19	14d	1	0.80mi
3709 23rd St Lubbock, TX	3.0	1.0	1107	$950	$0.86	44d	1	0.82mi
2712 37th St Lubbock, TX	3.0	1.0	1136	$1,300	$1.14	44d	1	0.82mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	44d	1	0.84mi

Listing history 14 events

1. 2026-06-18
   days on market $145,000 Active 17 DOM
2. 2026-06-17
   days on market $145,000 Active 16 DOM
3. 2026-06-16
   days on market $145,000 Active 15 DOM
4. 2026-06-15
   days on market $145,000 Active 14 DOM
5. 2026-06-14
   days on market $145,000 Active 12 DOM
6. 2026-06-13
   days on market $145,000 Active 11 DOM
7. 2026-06-10
   days on market $145,000 Active 9 DOM
8. 2026-06-09
   days on market $145,000 Active 8 DOM
9. 2026-06-08
   days on market $145,000 Active 7 DOM
10. 2026-06-07
    days on market $145,000 Active 6 DOM
11. 2026-06-05
    days on market $145,000 Active 3 DOM
12. 2026-06-03
    days on market $145,000 Active 2 DOM
13. 2026-06-02
    remarks 106-char remark
14. 2026-06-02
    listed $145,000 Active 1 DOM

ⓘ 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: $1,886 · $157/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$768/yr (+$64/mo · 40.7%)

ⓘ 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 ≥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: $17,618
• − Mortgage interest: −$8,122
• − Property taxes: −$1,886
• − Insurance: −$725
• − Repairs & maintenance: −$1,409
• − Management: −$1,409
• − Depreciation: −$4,218
• Taxable loss: −$152
• Est. tax savings @ 24.0%: +$36
• After-tax cash flow: $2,219/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): 23,343
• Household income: $69,400
• Rent vs Own: 43.9% rent · 56.1% own
• Severe rent burden: 1211.0

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: White 54% Hispanic / Latino 34% Two or more races 18% Black 6%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Slovak 2% Italian 2% Serbian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 88% English-only · Spanish 10% Chinese 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: ▼ -145.52%
• Current HPI: 239.8854
• Rent YoY: ▲ 1.94%
• 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

+11.5% since first listed

5 events — show timeline

• 2026-05-26 Listed $145,000 LARMLS
• 2021-08-19 Sold (Public Records) — Public Records
• 2021-08-13 Sold (MLS) — LARMLS
• 2021-04-29 Listed $130,000 LARMLS
• 2012-12-11 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,886 · +3.4% YoY. Source: county tax records.