2512 41st St · Lubbock, TX 79413

$99,500

3 bd · 1.0 ba · 1,183 sqft · SingleFamily public records · 37 Days on market

Built 1950 7,288 sqft lot $84/sqft · 36% below area Est $155k · 36% under ↓ 13% 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.8/10.0
• 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

This cute 3-bedroom, 2-bath home is priced at $99,500 and ready for its next owner. Previously rented for $1,050 per month, it could be a great option for investors looking to add an affordable rental property near Texas Tech, the medical district, and nearby hospitals. It also offers a strong opportunity for someone looking to purchase an affordable home in a convenient location. With easy access to campus, shopping, dining, and major roads, this property is practical, well-located, and ready to go.

Key facts

• Convenient location
• Nearby hospitals
• 7,288 sq ft lot

Tags

• AFFORDABLE RENTAL PROPERTY
• CONVENIENT LOCATION
• EASY ACCESS TO CAMPUS
• NEARBY HOSPITALS

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas available and connected; Electricity connected; Cable connected; Water connected; Sewer connected
• Home design: Single-family residence; Residential property
• Construction: Asbestos and concrete construction materials; Composition roof; Pillar/post/pier foundation; Built in 1,183 above-grade finished area
• Exterior features: Private yard; Covered patio/porch; Wood fencing; Asphalt/paved road access

Interior

• Kitchen: Gas water heater
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Floor furnace heating; Radiant heating; Space heater; Wall/window air conditioning units
• Interior features: See remarks

🏷️ Possibly a rental listed for sale. The $99,500 price doesn't fit this home's estimated sale value (~$155,067) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/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: $97k (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: Wheelock El (math 32% / reading 32%, grade F, #2,268 of 4,322 statewide, top 55%, 323 students, 92% 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 86% FRL vs 60% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.9%/yr); 183 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); 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 $688 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 37 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $96,515 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 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 1950 — 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: 1.28% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.93%
• DSCR: 1.53
• GRM: 6.5

CMA / ARV

• ARV (median comp): $155,067
• List price: $99,500
• Delta: -35.83%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $219
• Equity at exit: $14,836

10-year hold

• IRR: 8.7%
• Equity multiple: 1.64×
• Total profit: $17,697
• Equity at exit: $8,603

Cash invested: $27,860 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,269 high
• Mortgage (P&I): −$522
• Tax from tax record: −$162 /mo · $1,946/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $277

Break-even live

Break-even rent $918

Max offer price $99,500

Occupancy floor 73%

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: $24,875
• Closing costs: $2,985
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2521 41st St Lubbock, TX	2.0	1.0	990	$925	$0.93	44d	1	0.03mi
2521 40th St Lubbock, TX	2.0	1.0	902	$1,195	$1.32	21d	1	0.05mi
2514 42nd St Lubbock, TX	3.0	1.0	943	$950	$1.01	14d	1	0.05mi
2605 41st St Lubbock, TX	2.0	1.0	882	$995	$1.13	14d	1	0.07mi
2609 41st St Lubbock, TX	3.0	2.0	1469	$1,550	$1.06	21d	1	0.09mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	14d	1	0.14mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	44d	1	0.14mi
2504 44th St Lubbock, TX	2.0	1.0	939	$995	$1.06	44d	1	0.19mi
2607 44th St Lubbock, TX	2.0	2.0	988	$1,325	$1.34	44d	1	0.22mi
2611 44th St Lubbock, TX	3.0	1.0	1200	$1,395	$1.16	44d	1	0.23mi
2400 44th St Lubbock, TX	1.0–3.0	1.0–2.0	1015	$1,225	$1.21	14d	23	0.24mi
2508 37th St Lubbock, TX	3.0	2.5	1495	$1,700	$1.14	44d	1	0.27mi
2506 37th St Lubbock, TX	3.0	1.0	1053	$1,550	$1.47	21d	1	0.27mi
2706 44th St Apt C Lubbock, TX	2.0	1.0	900	$680	$0.76	44d	1	0.29mi
2616 37th St Lubbock, TX	2.0	1.0	950	$1,200	$1.26	21d	1	0.29mi
2701 44th St Lubbock, TX	1.0–3.0	1.0–1.5	657	$1,075	$1.64	14d	25	0.29mi
2409 45th St Unit 8 Lubbock, TX	2.0	1.0	800	$895	$1.12	44d	1	0.31mi
2401 45th St Lubbock, TX	1.0–2.0	1.0	680	$845	$1.24	14d	3	0.33mi
2412 46th St Apt A Lubbock, TX	2.0	1.0	945	$795	$0.84	21d	1	0.34mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	21d	1	0.34mi
2712 37th St Lubbock, TX	3.0	1.0	1136	$1,300	$1.14	44d	1	0.34mi
2701 36th St Lubbock, TX	2.0	1.0	802	$1,195	$1.49	14d	1	0.34mi
2304 39th St Lubbock, TX	2.0	1.0	830	$1,150	$1.39	21d	1	0.35mi
2406 46th St Unit A Lubbock, TX	2.0	1.0	943	$775	$0.82	21d	1	0.35mi
2402 46th St Unit B Lubbock, TX	2.0	1.0	942	$745	$0.79	21d	1	0.36mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	44d	1	0.38mi
2812 43rd St Unit 7 Lubbock, TX	2.0	1.0	1104	$750	$0.68	21d	1	0.38mi
2816 40th St Lubbock, TX	2.0	1.0	826	$825	$1.00	21d	1	0.38mi
2723 36th St Lubbock, TX	2.0	1.0	802	$950	$1.18	21d	1	0.40mi
2906 43rd St Unit B Lubbock, TX	2.0	1.0	870	$850	$0.98	21d	1	0.41mi
2815 43rd St Unit 11 Lubbock, TX	2.0	1.0	1085	$800	$0.74	21d	1	0.41mi
2801 36th St Lubbock, TX	3.0	2.0	1446	$2,700	$1.87	44d	1	0.42mi
2408 35th St Lubbock, TX	2.0	1.0	1072	$995	$0.93	21d	1	0.42mi
2316 47th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	21d	1	0.44mi
4609 Belton Ave Unit A Lubbock, TX	2.0	1.0	751	$800	$1.07	44d	1	0.46mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	0.47mi
4613 Belton Ave Unit A Lubbock, TX	2.0	1.0	734	$750	$1.02	44d	1	0.49mi
2315 48th St Lubbock, TX	3.0	1.0	1014	$1,350	$1.33	21d	1	0.52mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	21d	1	0.53mi
3006 46th St Lubbock, TX	2.0	1.0	1047	$995	$0.95	21d	1	0.54mi

Listing history 19 events

1. 2026-06-18
   days on market $99,500 Active 37 DOM
2. 2026-06-17
   days on market $99,500 Active 36 DOM
3. 2026-06-16
   days on market $99,500 Active 35 DOM
4. 2026-06-15
   days on market $99,500 Active 34 DOM
5. 2026-06-14
   days on market $99,500 Active 32 DOM
6. 2026-06-13
   days on market $99,500 Active 31 DOM
7. 2026-06-10
   days on market $99,500 Active 29 DOM
8. 2026-06-09
   days on market $99,500 Active 28 DOM
9. 2026-06-08
   days on market $99,500 Active 27 DOM
10. 2026-06-07
    days on market $99,500 Active 26 DOM
11. 2026-06-05
    days on market $99,500 Active 23 DOM
12. 2026-06-03
    days on market $99,500 Active 22 DOM
13. 2026-06-02
    days on market $99,500 Active 21 DOM
14. 2026-06-01
    days on market $99,500 Active 20 DOM
15. 2026-05-31
    days on market $99,500 Active 19 DOM
16. 2026-05-30
    days on market $99,500 Active 18 DOM
17. 2026-05-12
    listed $99,500 Active 505-char remark
18. 2025-08-18
    price $110,000
19. 2024-08-16
    price $113,999

ⓘ 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: $1,946 · $162/mo
• Projected year-2 tax: $1,946 · $162/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 ≥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: $15,226
• − Mortgage interest: −$5,574
• − Property taxes: −$1,946
• − Insurance: −$498
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$2,895
• Taxable income: $1,878
• Est. tax owed @ 24.0%: −$451
• After-tax cash flow: $2,873/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

-12.7% since first listed

3 events — show timeline

• 2026-05-12 Listed $99,500 LARMLS
• 2025-08-18 Price Changed $110,000 LARMLS
• 2024-08-16 Price Changed $113,999 LARMLS

Property tax history

+4.4%/yr

Latest (2025): $1,946 · -5.2% YoY. Source: county tax records.