5110 46th St · Lubbock, TX 79414

$127,000

3 bd · 2.0 ba · 1,086 sqft · SingleFamily public records · 150 Days on market

Built 1959 7,845 sqft lot $117/sqft · 22% below area Est $162k · 22% under

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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 +17.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• 1% rule +4.9/10.0
• 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

Listing remarks MLS

Fresh updates throughout—including a new roof, new countertops, new flooring, and refreshed bathrooms—give this 3-bedroom, 1-bath home a bright, welcoming feel. With a single-car garage and a spacious backyard perfect for relaxing or entertaining, it's easy to picture enjoying this space. Currently tenant-occupied, it offers immediate rental income along with strong long-term potential, making it a smart and appealing investment. Seller offering $1000 closing cost assistance.

Key facts

• Spacious backyard
• New flooring
• Refreshed bathrooms

Tags

• NEW ROOF
• NEW COUNTERTOPS
• NEW FLOORING
• REFRESHED BATHROOMS
• SPACIOUS BACKYARD
• IMMEDIATE RENTAL INCOME

🏷️ Possibly a rental listed for sale. The $127,000 price doesn't fit this home's estimated sale value (~$161,988) 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/2.0-bath single-family listed at $127k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (1.0% below list).
• Recommended offer: $112k (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 flat; 89 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).
• This rent runs 31% 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 $878 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 150 days — a 12% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 0.99% ✗
• Cap rate: 7.15%
• Cash-on-cash: 3.07%
• DSCR: 1.14
• GRM: 8.4

CMA / ARV

• ARV (median comp): $161,988
• List price: $127,000
• Delta: -21.60%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.3%
• Equity multiple: 0.50×
• Total profit: $-17,771
• Equity at exit: $18,936

10-year hold

• IRR: -10.2%
• Equity multiple: 0.45×
• Total profit: $-19,661
• Equity at exit: $10,981

Cash invested: $35,560 (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: 8.4×

Monthly cashflow live

• Estimated rent: $1,258 high
• Mortgage (P&I): −$666
• Tax from tax record: −$184 /mo · $2,206/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $91

Break-even live

Break-even rent $1,143

Max offer price $127,000

Occupancy floor 88%

Sensitivity live

Price	-10% $163	-5% $127	+0% $91	+5% $55	+10% $19
Rent	-10% $-8	-5% $41	+0% $91	+5% $141	+10% $190
Rate	-1.0pp $155	-0.5pp $123	base $91	+0.5pp $58	+1.0pp $24

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5101 44th St Lubbock, TX	3.0	2.0	1160	$1,350	$1.16	22d	1	0.08mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	45d	1	0.16mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	14d	1	0.21mi
4705 Albany Ave Lubbock, TX	2.0	2.0	926	$742	$0.80	14d	5	0.24mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	22d	1	0.24mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	22d	1	0.25mi
5204 50th St Lubbock, TX	2.0–3.0	2.0	1050	$1,150	$1.10	14d	2	0.30mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	45d	1	0.31mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	22d	1	0.34mi
4907 41st St Lubbock, TX	3.0	2.0	1196	$1,200	$1.00	45d	1	0.36mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	22d	1	0.41mi
5011 52nd St Lubbock, TX	3.0	2.0	1292	$1,500	$1.16	22d	1	0.45mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	14d	1	0.45mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	22d	1	0.47mi
5214 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	45d	1	0.50mi
5306 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	45d	1	0.52mi
5304 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	45d	1	0.52mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	45d	1	0.54mi
5401 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1018	$1,099	$1.08	14d	11	0.55mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	14d	1	0.55mi
5128 Aberdeen Ave Unit 206 Lubbock, TX	2.0	1.5	1100	$915	$0.83	22d	1	0.55mi
5128 Aberdeen Ave Lubbock, TX	1.0–2.0	1.0–1.5	925	$915	$0.99	22d	9	0.55mi
4907 37th St Lubbock, TX	3.0	1.0	1000	$1,100	$1.10	45d	1	0.57mi
5430 50th St Lubbock, TX	1.0–2.0	1.0–1.5	730	$975	$1.34	14d	8	0.57mi
5105 36th St Lubbock, TX	2.0	1.0	788	$900	$1.14	22d	1	0.57mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	45d	1	0.57mi
5202 Bangor Ave Lubbock, TX	2.0	1.5	1080	$987	$0.91	14d	11	0.58mi
4644 52nd St Lubbock, TX	2.0	1.0	836	$775	$0.93	14d	1	0.61mi
5433 40th St Unit A Lubbock, TX	2.0	1.5	978	$800	$0.82	45d	1	0.62mi
4907 36th St Lubbock, TX	2.0	1.0	1020	$1,095	$1.07	14d	1	0.63mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,368	$1.27	14d	9	0.63mi
4638 52nd St Lubbock, TX	2.0	1.0	836	$749	$0.90	45d	1	0.63mi
5001 Chicago Ave Lubbock, TX	1.0–2.0	1.0–2.0	715	$1,019	$1.43	14d	15	0.64mi
5106 35th St Lubbock, TX	2.0	1.0	840	$900	$1.07	22d	1	0.66mi
4630 52nd St Lubbock, TX	2.0	1.0	836	$699	$0.84	45d	1	0.66mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	22d	1	0.66mi
4626 52nd St Lubbock, TX	2.0	1.0	836	$775	$0.93	14d	1	0.68mi
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.68mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	22d	1	0.70mi
5501 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1125	$1,549	$1.38	14d	7	0.74mi

Listing history 29 events

1. 2026-06-18
   days on market $127,000 Active 150 DOM
2. 2026-06-17
   days on market $127,000 Active 149 DOM
3. 2026-06-16
   days on market $127,000 Active 148 DOM
4. 2026-06-15
   days on market $127,000 Active 147 DOM
5. 2026-06-14
   days on market $127,000 Active 145 DOM
6. 2026-06-13
   pricedays on market $127,000 Active 144 DOM
7. 2026-06-10
   days on market $128,000 Active 142 DOM
8. 2026-06-09
   days on market $128,000 Active 141 DOM
9. 2026-06-08
   days on market $128,000 Active 140 DOM
10. 2026-06-07
    days on market $128,000 Active 139 DOM
11. 2026-06-05
    days on market $128,000 Active 136 DOM
12. 2026-06-03
    days on market $128,000 Active 135 DOM
13. 2026-06-02
    days on market $128,000 Active 134 DOM
14. 2026-06-01
    days on market $128,000 Active 133 DOM
15. 2026-05-31
    days on market $128,000 Active 132 DOM
16. 2026-05-30
    days on market $128,000 Active 131 DOM
17. 2026-03-23
    price $128,000 492-char remark

    Show marketing remark (492 chars)

    Fresh updates throughout—including a new roof, new countertops, new flooring, and refreshed bathrooms—give this 3-bedroom, 1-bath home a bright, welcoming feel. With a single-car garage and a spacious backyard perfect for relaxing or entertaining, it's easy to picture enjoying this space. Currently tenant-occupied, it offers immediate rental income along with strong long-term potential, making it a smart and appealing investment. Seller offering $1000 closing cost assistance.

18. 2026-02-26
    price $130,000 492-char remark

    Show marketing remark (492 chars)

    Fresh updates throughout—including a new roof, new countertops, new flooring, and refreshed bathrooms—give this 3-bedroom, 1-bath home a bright, welcoming feel. With a single-car garage and a spacious backyard perfect for relaxing or entertaining, it's easy to picture enjoying this space. Currently tenant-occupied, it offers immediate rental income along with strong long-term potential, making it a smart and appealing investment. Seller offering $1000 closing cost assistance.

19. 2026-01-19
    listed $135,000 Active 492-char remark

    Show marketing remark (492 chars)

    Fresh updates throughout—including a new roof, new countertops, new flooring, and refreshed bathrooms—give this 3-bedroom, 1-bath home a bright, welcoming feel. With a single-car garage and a spacious backyard perfect for relaxing or entertaining, it's easy to picture enjoying this space. Currently tenant-occupied, it offers immediate rental income along with strong long-term potential, making it a smart and appealing investment. Seller offering $1000 closing cost assistance.

20. 2025-06-09
    soldstatus Closed 334-char remark

    Show marketing remark (334 chars)

    : Secure your investment with this charming 3-bedroom, 2-bathroom home, currently rented through April 2025. This property boasts a spacious backyard perfect for outdoor enjoyment. A fantastic addition to any portfolio, offering immediate rental income and long-term potential. Don't miss out on this excellent investment opportunity!

21. 2025-05-14
    status Pending 334-char remark

    Show marketing remark (334 chars)

    : Secure your investment with this charming 3-bedroom, 2-bathroom home, currently rented through April 2025. This property boasts a spacious backyard perfect for outdoor enjoyment. A fantastic addition to any portfolio, offering immediate rental income and long-term potential. Don't miss out on this excellent investment opportunity!

22. 2025-05-06
    listed $110,000 Active 334-char remark

    Show marketing remark (334 chars)

    : Secure your investment with this charming 3-bedroom, 2-bathroom home, currently rented through April 2025. This property boasts a spacious backyard perfect for outdoor enjoyment. A fantastic addition to any portfolio, offering immediate rental income and long-term potential. Don't miss out on this excellent investment opportunity!

23. 2025-04-23
    historical $1,150
24. 2025-04-05
    listed $1,150
25. 2024-07-24
    price $122,500
26. 2024-07-09
    price $123,000
27. 2019-08-14
    soldstatus
28. 2019-08-13
    listed $69,000
29. 1986-07-01
    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: $2,206 · $184/mo
• Projected year-2 tax: $2,324 · $194/mo
• Expected delta: +$118/yr (+$10/mo · 5.4%)

ⓘ 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 · 22 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: $15,093
• − Mortgage interest: −$7,114
• − Property taxes: −$2,206
• − Insurance: −$635
• − Repairs & maintenance: −$1,207
• − Management: −$1,207
• − Depreciation: −$3,695
• Taxable loss: −$971
• Est. tax savings @ 24.0%: +$233
• After-tax cash flow: $1,324/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

+85.5% since first listed

13 events — show timeline

• 2026-03-23 Price Changed $128,000 LARMLS
• 2026-02-26 Price Changed $130,000 LARMLS
• 2026-01-19 Listed $135,000 LARMLS
• 2025-06-09 Sold (MLS) — LARMLS
• 2025-05-14 Pending — LARMLS
• 2025-05-06 Listed $110,000 LARMLS
• 2025-04-23 Rental Removed $1,150 RENT.
• 2025-04-05 Listed for Rent $1,150 RENT.
• 2024-07-24 Price Changed $122,500 LARMLS
• 2024-07-09 Price Changed $123,000 LARMLS
• 2019-08-14 Sold (MLS) — LARMLS
• 2019-08-13 Listed $69,000 LARMLS
• 1986-07-01 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,206 · -4.6% YoY. Source: county tax records.