2507 37th St · Lubbock, TX 79413

$200,000

4 bd · 2.0 ba · 2,384 sqft · SingleFamily public records · 48 Days on market

Built 1952 7,950 sqft lot $84/sqft · 6% below area Est $213k · 6% under

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Why this score? — see what drove the D 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 +11.5/30.0
• ARV discount +10.3/15.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• DSCR +3.4/10.0
• 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

Welcome home, This property is ready for a new owner! This is a great amount of space for the money, and would be a perfect first home or investment property. Located just a few minutes from Texas Tech, this is prime location! Walking inside the home, you are greeted by original hardwood floors, and the second living area. The front bedrooms come with hardwood floors, and are oversized! The kitchen has plenty of workable space, lots of cabinet storage, and an eating area for a table. Walking into the main living area, you will be welcomed to a very open concept room, with plenty of space for any furniture, and comes complete with a brick fireplace. The master bedroom is huge, with its own bathroom set up, and large closet. Walking into the backyard, you will find an awesome covered patio area, and storage shed for any tools and items you have! This home is a great location located close to campus, JB Coffee, and much more! Come see this one today!

Key facts

• Flexible layout
• Outdoor storage shed
• Cosmetic updates

Tags

• STORM CELLAR
• OUTDOOR STORAGE SHED
• FLEXIBLE LAYOUT
• MULTIPLE LIVING AREAS
• MULTIPLE DINING AREAS
• COSMETIC UPDATES

Property features AI

Finance

• HOA & community: No community amenities listed

Exterior

• Parking: Driveway; On-street parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available and connected; Water connected
• Home design: Single-family residence; One-story; Brick and vinyl siding construction
• Construction: Composition roof; Pillar/post/pier foundation; Built with brick and vinyl siding
• Exterior features: Covered patio; Patio; Fenced backyard with wood fencing; Public-maintained city street frontage; Shed(s)

Interior

• Kitchen: Gas cooktop; Microwave; Refrigerator
• Flooring: Hardwood; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning; Ceiling fans; Multiple HVAC units
• Interior features: Cedar closets; Ceiling fans; Window coverings; Living room wood-burning fireplace (1)
• Laundry & utility: Dedicated laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-65 ($-784/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (11.2% below list).
• Recommended offer: $178k (11.2% below list) — sets the bar for 1% rule.

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; 28 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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).
• This rent runs 31% of the median local income ($69k/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 $6k 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 48 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y 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 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 $177,582 (11.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.40%
• DSCR: 0.94
• GRM: 9.4

CMA / ARV

• ARV (median comp): $213,233
• List price: $200,000
• Delta: -6.21%
• Verdict: FAIR
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -19.8%
• Equity multiple: 0.31×
• Total profit: $-38,362
• Equity at exit: $29,821

10-year hold

• IRR: -15.2%
• Equity multiple: 0.18×
• Total profit: $-45,965
• Equity at exit: $17,292

Cash invested: $56,000 (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: 9.4×

Monthly cashflow live

• Estimated rent: $1,776 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$336 /mo · $4,032/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-65

Break-even live

Break-even rent $1,858

Max offer price $188,465

Occupancy floor 99%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2403 38th St Lubbock, TX	3.0	1.5	1786	$1,700	$0.95	43d	1	0.14mi
2601 33rd St Lubbock, TX	3.0	2.0	1894	$1,800	$0.95	21d	1	0.29mi
2215 36th St Lubbock, TX	3.0	2.0	1578	$1,450	$0.92	43d	1	0.33mi
2430 31st St Lubbock, TX	3.0	2.0	1592	$1,450	$0.91	43d	1	0.45mi
2416 30th St Lubbock, TX	3.0	2.0	1746	$1,425	$0.82	21d	1	0.53mi
2319 28th St Lubbock, TX	4.0	2.0	2146	$1,650	$0.77	21d	1	0.65mi
2220 29th St Lubbock, TX	3.0	2.0	2032	$1,300	$0.64	43d	1	0.68mi
3115 32nd St Lubbock, TX	4.0	2.5	2300	$2,200	$0.96	21d	1	0.77mi
2107 48th St Lubbock, TX	3.0	1.0	1956	$1,200	$0.61	43d	1	0.82mi
1718 43rd St Lubbock, TX	4.0	2.0	1870	$1,075	$0.57	21d	1	0.85mi
2605 22nd St Lubbock, TX	3.0	2.0	2260	$1,960	$0.87	43d	1	0.99mi
3119 26th St Lubbock, TX	3.0	3.0	1888	$1,400	$0.74	21d	1	1.00mi
2629 22nd St Lubbock, TX	5.0	2.0	2218	$1,399	$0.63	43d	1	1.02mi
3408 38th St Lubbock, TX	3.0	2.0	1927	$1,895	$0.98	43d	1	1.02mi
3302 28th St Lubbock, TX	3.0	2.5	1660	$1,725	$1.04	21d	1	1.05mi
2703 54th St Lubbock, TX	5.0	2.0	2116	$2,000	$0.95	43d	1	1.07mi
3312 47th St Lubbock, TX	3.0	2.0	1880	$1,795	$0.95	43d	1	1.09mi
2009 23rd St Lubbock, TX	3.0	1.0	1615	$1,249	$0.77	43d	1	1.12mi
2823 54th St Lubbock, TX	3.0	2.0	1725	$1,825	$1.06	43d	1	1.14mi
2121 56th St Lubbock, TX	3.0	2.0	2047	$1,999	$0.98	21d	1	1.22mi
1716 24th St Lubbock, TX	4.0	2.0	1742	$1,850	$1.06	43d	1	1.24mi
3404 25th St #3 Lubbock, TX	4.0	4.5	2234	$2,400	$1.07	21d	1	1.29mi
2104 20th St Lubbock, TX	4.0	2.0	1796	$1,700	$0.95	21d	1	1.30mi
2310 59th St Lubbock, TX	3.0	2.5	2637	$1,900	$0.72	43d	1	1.33mi
3612 44th St Lubbock, TX	3.0	2.0	1675	$1,850	$1.10	43d	1	1.36mi
1912 20th St Unit A Lubbock, TX	3.0	2.0	1590	$1,000	$0.63	21d	1	1.39mi
3712 37th St Lubbock, TX	4.0	2.0	1672	$2,100	$1.26	43d	1	1.43mi
3708 46th St Lubbock, TX	3.0	2.0	2378	$1,750	$0.74	13d	1	1.49mi

Listing history 26 events

1. 2026-06-18
   days on market $200,000 Active 48 DOM
2. 2026-06-17
   days on market $200,000 Active 47 DOM
3. 2026-06-16
   days on market $200,000 Active 46 DOM
4. 2026-06-15
   days on market $200,000 Active 45 DOM
5. 2026-06-14
   days on market $200,000 Active 43 DOM
6. 2026-06-13
   days on market $200,000 Active 42 DOM
7. 2026-06-10
   days on market $200,000 Active 40 DOM
8. 2026-06-09
   days on market $200,000 Active 39 DOM
9. 2026-06-08
   days on market $200,000 Active 38 DOM
10. 2026-06-07
    days on market $200,000 Active 37 DOM
11. 2026-06-05
    days on market $200,000 Active 34 DOM
12. 2026-06-03
    days on market $200,000 Active 33 DOM
13. 2026-06-02
    days on market $200,000 Active 32 DOM
14. 2026-06-01
    days on market $200,000 Active 31 DOM
15. 2026-05-31
    days on market $200,000 Active 30 DOM
16. 2026-05-30
    days on market $200,000 Active 29 DOM
17. 2026-05-01
    listed $200,000 Active 905-char remark
18. 2019-08-05
    soldstatus
19. 2019-07-31
    soldstatus 961-char remark

    Show marketing remark (961 chars)

    Welcome home, This property is ready for a new owner! This is a great amount of space for the money, and would be a perfect first home or investment property. Located just a few minutes from Texas Tech, this is prime location! Walking inside the home, you are greeted by original hardwood floors, and the second living area. The front bedrooms come with hardwood floors, and are oversized! The kitchen has plenty of workable space, lots of cabinet storage, and an eating area for a table. Walking into the main living area, you will be welcomed to a very open concept room, with plenty of space for any furniture, and comes complete with a brick fireplace. The master bedroom is huge, with its own bathroom set up, and large closet. Walking into the backyard, you will find an awesome covered patio area, and storage shed for any tools and items you have! This home is a great location located close to campus, JB Coffee, and much more! Come see this one today!

20. 2019-06-05
    listed $140,000 961-char remark

    Show marketing remark (961 chars)

    Welcome home, This property is ready for a new owner! This is a great amount of space for the money, and would be a perfect first home or investment property. Located just a few minutes from Texas Tech, this is prime location! Walking inside the home, you are greeted by original hardwood floors, and the second living area. The front bedrooms come with hardwood floors, and are oversized! The kitchen has plenty of workable space, lots of cabinet storage, and an eating area for a table. Walking into the main living area, you will be welcomed to a very open concept room, with plenty of space for any furniture, and comes complete with a brick fireplace. The master bedroom is huge, with its own bathroom set up, and large closet. Walking into the backyard, you will find an awesome covered patio area, and storage shed for any tools and items you have! This home is a great location located close to campus, JB Coffee, and much more! Come see this one today!

21. 2016-07-21
    soldstatus
22. 2016-07-19
    soldstatus

    Show marketing remark (392 chars)

    Amazing home close to Tech. Large living room, great for entertaining. Beautiful Travertine tile on kitchen counter tops with subway tile back splash. Updated bathrooms, paint, flooring. Great room has R-15 insulation in the walls & R-39 in the ceiling with pre-wiring for 7.1 surround sound. Sewer line has been replaced with two clean-outs. So much more so come see before it is gone!

23. 2016-05-18
    listed $124,500

    Show marketing remark (392 chars)

    Amazing home close to Tech. Large living room, great for entertaining. Beautiful Travertine tile on kitchen counter tops with subway tile back splash. Updated bathrooms, paint, flooring. Great room has R-15 insulation in the walls & R-39 in the ceiling with pre-wiring for 7.1 surround sound. Sewer line has been replaced with two clean-outs. So much more so come see before it is gone!

24. 2005-10-14
    soldstatus
25. 1991-05-01
    soldstatus
26. 1990-07-01
    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: $4,032 · $336/mo
• Projected year-2 tax: $4,032 · $336/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: $21,310
• − Mortgage interest: −$11,203
• − Property taxes: −$4,032
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,705
• − Management: −$1,705
• − Depreciation: −$5,818
• Taxable loss: −$4,153
• Est. tax savings @ 24.0%: +$997
• After-tax cash flow: $213/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

+60.6% since first listed

10 events — show timeline

• 2026-05-01 Listed $200,000 LARMLS
• 2019-08-05 Sold (Public Records) — Public Records
• 2019-07-31 Sold (MLS) — LARMLS
• 2019-06-05 Listed $140,000 LARMLS
• 2016-07-21 Sold (Public Records) — Public Records
• 2016-07-19 Sold (MLS) — LARMLS
• 2016-05-18 Listed $124,500 LARMLS
• 2005-10-14 Sold (Public Records) — Public Records
• 1991-05-01 Sold (Public Records) — Public Records
• 1990-07-01 Sold (Public Records) — Public Records

Property tax history

+4.5%/yr

Latest (2025): $4,032 · -5.5% YoY. Source: county tax records.