5607 43rd St · Lubbock, TX 79414

$165,000

4 bd · 2.0 ba · 1,926 sqft · MultiFamily public records · 19 Days on market

Built 1950 10,878 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 +20.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Fantastic investment opportunity! This well-maintained duplex features two units, each offering 2 spacious bedrooms, 1 full bathroom, and a 1-car garage. Inside, you'll find a blend of hardwood and hardwood flooring for easy care and timeless appeal. The kitchens are updated with granite countertops, adding a touch of style and durability. Whether you're looking for a rental property or a home with income potential, this duplex is a smart choice! Side A is ready to show and side B will be finished in about 2-3 weeks and will look identical to side A. They also own the duplex next door if someone is interested in buying both units. This unit is currently rented out.

Key facts

• Hardwood flooring
• Updated kitchens
• Granite countertops

Tags

• WELL MAINTAINED DUPLEX
• HARDWOOD FLOORING
• GRANITE COUNTERTOPS
• UPDATED KITCHENS

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $165k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/yr) — positive. Per door: $113/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $163k (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: Wester El (math 22% / reading 27%, grade F, #3,052 of 4,322 statewide, top 74%, 371 students, 94% FRL); Mackenzie Middle (math 19% / reading 27%, grade F, #1,327 of 1,662 statewide, top 81%, 515 students, 88% FRL); Coronado H S (math 34% / reading 38%, grade F, #930 of 1,632 statewide, top 57%, 1,960 students, 66% FRL) — zoned schools average 82% FRL vs 60% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 89 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 43% of the median local income ($49k/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 $1k of loan paydown is wiped out by about $5k 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 19 days — a 2% lower offer ($163k) 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 $162,525 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.85%
• DSCR: 1.26
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.64×
• Total profit: $-16,551
• Equity at exit: $24,602

10-year hold

• IRR: -4.5%
• Equity multiple: 0.74×
• Total profit: $-12,207
• Equity at exit: $14,266

Cash invested: $46,200 (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 79414

• Home prices YoY: -27.8%
• Rents YoY: 0.6%
• Active inventory: 89
• Price-to-rent: 15.7×

Monthly cashflow live

• Estimated rent: $1,755 high
• Mortgage (P&I): −$865
• Tax from tax record: −$227 /mo · $2,725/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $225

Break-even live

Break-even rent $1,470

Max offer price $165,000

Occupancy floor 82%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,756
Total (2 units)			$1,755

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5702 50th St Lubbock, TX	1.0–3.0	1.0–2.0	809	$1,069	$1.32	13d	27	0.33mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	21d	1	0.33mi
5440 48th St Lubbock, TX	4.0	3.0	1720	$1,750	$1.02	13d	1	0.34mi
3705 Elkhart Ave Lubbock, TX	4.0	2.0	1507	$1,650	$1.09	21d	1	0.38mi
5604 38th St Lubbock, TX	3.0	2.0	1442	$1,400	$0.97	21d	1	0.38mi
5724 36th St Lubbock, TX	4.0	2.0	1696	$1,600	$0.94	43d	1	0.47mi
5501 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1125	$1,549	$1.38	13d	7	0.50mi
5416 36th St Lubbock, TX	3.0	2.0	1375	$1,295	$0.94	43d	1	0.51mi
5406 36th St Lubbock, TX	3.0	2.0	1400	$695	$0.50	43d	1	0.54mi
5318 39th St Lubbock, TX	3.0	2.0	1736	$1,375	$0.79	13d	1	0.55mi
5401 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1018	$1,099	$1.08	13d	11	0.56mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	21d	1	0.56mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	21d	1	0.60mi
5550 56th St Lubbock, TX	1.0–3.0	1.0–2.0	958	$1,260	$1.31	13d	21	0.73mi
5117 Albany Ave Lubbock, TX	3.0	2.0	1558	$1,500	$0.96	43d	1	0.78mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	43d	1	0.83mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	43d	1	0.92mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	21d	1	0.96mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	13d	1	0.97mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	21d	1	0.99mi
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	13d	1	1.02mi
5011 52nd St Lubbock, TX	3.0	2.0	1292	$1,500	$1.16	21d	1	1.03mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	43d	1	1.05mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	21d	1	1.07mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	13d	1	1.08mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	21d	1	1.14mi
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	21d	1	1.17mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	21d	1	1.23mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	43d	1	1.26mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	43d	1	1.31mi
5405 66th St Lubbock, TX	1.0–3.0	1.0–2.0	874	$1,280	$1.46	21d	19	1.37mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,368	$1.27	13d	9	1.39mi
6040 24th St Lubbock, TX	3.0	3.5	1795	$1,650	$0.92	43d	1	1.46mi
6040 24th St Apt 25 Lubbock, TX	3.0	2.5	1795	$1,700	$0.95	21d	1	1.46mi
6040 24th St Apt 25 Lubbock, TX	3.0	3.5	1795	$1,700	$0.95	43d	1	1.46mi
6040 24th St Unit 16 Lubbock, TX	3.0	3.5	1600	$1,699	$1.06	13d	1	1.46mi
6040 24th St Lubbock, TX	3.0	3.0	1795	$1,799	$1.00	21d	1	1.46mi
6306 28th St Lubbock, TX	3.0	1.0	1325	$1,200	$0.91	43d	1	1.48mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	43d	1	1.48mi
6040 24th St Unit 17 Lubbock, TX	3.0	3.5	1700	$1,729	$1.02	43d	1	1.49mi

Listing history 4 events

1. 2026-04-07
   status Pending
2. 2026-03-19
   listed $165,000 Active
3. 2006-10-03
   soldstatus
4. 2006-09-08
   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: $2,725 · $227/mo
• Projected year-2 tax: $3,020 · $252/mo
• Expected delta: +$295/yr (+$25/mo · 10.8%)

ⓘ 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: $21,060
• − Mortgage interest: −$9,243
• − Property taxes: −$2,725
• − Insurance: −$825
• − Repairs & maintenance: −$1,685
• − Management: −$1,685
• − Depreciation: −$4,800
• Taxable income: $98
• Est. tax owed @ 24.0%: −$24
• After-tax cash flow: $2,681/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): 17,596
• Household income: $49,057
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 1330.0

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 0.62)
• Race & ethnicity: White 47% Hispanic / Latino 39% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 82% English-only · Spanish 16%

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: ▼ -95.31%
• Current HPI: 247.7963
• Rent YoY: ▲ 0.56%
• 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 events — show timeline

• 2026-04-07 Pending — LARMLS
• 2026-03-19 Listed $165,000 LARMLS
• 2006-10-03 Sold (Public Records) — Public Records
• 2006-09-08 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,725 · -7.0% YoY. Source: county tax records.