5430 Avenue B · Lubbock, TX 79404

$149,900

3 bd · 1.0 ba · 1,116 sqft · SingleFamily public records · 51 Days on market

Built 1955 6,890 sqft lot Est $140k · 7% over

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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 +8.2/30.0
• Appreciation +6.6/10.0
• ARV discount +4.1/15.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.8/10.0

Listing remarks MLS

Great opportunity to purchase some investment property. This 3 bedroom 1 bath home is 1,116 sq ft. It is centrally located in Lubbock so shopping and dining are less then 15 mins away. Texas tech university is a 12 min drive. This home is currently occupied please do not disturb the tenants. Showings well be approved through listing agent. We require offer in hand to show all tenant occupied properties. This property has the potential to generate an additional 10,200 yr for your rental portfolio. This property is part of a package deal where you can purchase #MLS 20265272, 2011 38th, Combined for $149,000. Both units are professionally managed by Location Rentals Lubbock.

Key facts

• 6,890 sq ft lot
• Built 1955
• Listed 51 days

Property features AI

Exterior

• Parking: Driveway; On-street parking
• Home design: Single family residence; Residential property
• Construction: Asbestos construction material; Pillar/post/pier foundation; Composition roof
• Exterior features: Private entrance; City lot

Interior

• Flooring: Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Ceiling fans; Wall/window air conditioning units
• Interior features: Ceiling fan(s); Hardwood flooring
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-139 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $125k (16.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (31.9% below list).
• Recommended offer: $102k (31.9% 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-, 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: 91 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

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.2% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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 1955 — 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 $102,095 (31.9% 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 51 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — 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: 0.68% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.96%
• DSCR: 0.82
• GRM: 12.2

CMA / ARV

• ARV (on-the-fly): $139,500
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 52nd St	0.28mi	3/2.0	1,102 (-1%)	9mo	$76,999	$70	74
507 49th St	0.44mi	3/2.0	1,114 (-0%)	2mo	$99,900	$90	73
402 51st St	0.33mi	3/2.0	1,036 (-7%)	11mo	$129,999	$125	60
1218 48th St	0.69mi	2/1.0 (-1)	1,040 (-7%)	13mo	$139,000	$134	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.22% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.5%
• Equity multiple: 1.26×
• Total profit: $10,970
• Equity at exit: $69,295

10-year hold

• IRR: 7.5%
• Equity multiple: 2.17×
• Total profit: $49,205
• Equity at exit: $108,288

Cash invested: $41,972 (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 79404

• Home prices YoY: 2.0%
• Active inventory: 91
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,021 high
• Mortgage (P&I): −$786
• Tax from tax record: −$97 /mo · $1,159/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $-139

Break-even live

Break-even rent $1,196

Max offer price $125,418

Occupancy floor —

Sensitivity live

Price	-10% $-54	-5% $-96	+0% $-139	+5% $-181	+10% $-223
Rent	-10% $-219	-5% $-179	+0% $-139	+5% $-98	+10% $-58
Rate	-1.0pp $-63	-0.5pp $-100	base $-139	+0.5pp $-177	+1.0pp $-217

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	22d	1	0.11mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	44d	1	0.15mi
313 52nd St Lubbock, TX	4.0	1.0	1044	$975	$0.93	22d	1	0.26mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	22d	1	0.42mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	0.52mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	22d	1	0.56mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.58mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	22d	1	0.58mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	0.58mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	22d	1	0.59mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	22d	1	0.60mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	14d	1	0.61mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	14d	1	0.63mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	14d	1	0.67mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	14d	1	0.70mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	14d	1	0.70mi
1303 65th St Lubbock, TX	2.0	1.0	850	$595	$0.70	22d	1	0.73mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.76mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	14d	1	0.77mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.77mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.78mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	22d	1	0.80mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	44d	1	0.80mi
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	22d	1	0.80mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	14d	1	0.81mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	44d	1	0.82mi
6130 Avenue P Lubbock, TX	4.0	2.0	1387	$1,100	$0.79	44d	1	0.86mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	14d	1	0.89mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	22d	1	1.08mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	22d	1	1.09mi
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	14d	1	1.10mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	44d	1	1.14mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	14d	1	1.15mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	22d	1	1.17mi
7006 Avenue S Lubbock, TX	4.0	2.0	1498	$1,800	$1.20	44d	1	1.20mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$695	$0.86	22d	1	1.23mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$795	$0.98	44d	1	1.23mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	22d	1	1.25mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	14d	1	1.25mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	22d	1	1.26mi

Listing history 25 events

1. 2026-06-18
   days on market $149,900 Active 51 DOM
2. 2026-06-17
   days on market $149,900 Active 50 DOM
3. 2026-06-16
   days on market $149,900 Active 49 DOM
4. 2026-06-15
   days on market $149,900 Active 48 DOM
5. 2026-06-14
   days on market $149,900 Active 46 DOM
6. 2026-06-13
   days on market $149,900 Active 45 DOM
7. 2026-06-10
   days on market $149,900 Active 43 DOM
8. 2026-06-09
   days on market $149,900 Active 42 DOM
9. 2026-06-08
   days on market $149,900 Active 41 DOM
10. 2026-06-07
    days on market $149,900 Active 40 DOM
11. 2026-06-05
    days on market $149,900 Active 37 DOM
12. 2026-06-03
    days on market $149,900 Active 36 DOM
13. 2026-06-02
    days on market $149,900 Active 35 DOM
14. 2026-06-01
    days on market $149,900 Active 34 DOM
15. 2026-05-31
    days on market $149,900 Active 33 DOM
16. 2026-05-30
    days on market $149,900 Active 32 DOM
17. 2026-04-28
    listed $149,900 Active 680-char remark
18. 2026-04-20
    listed $82,900 Active 680-char remark

    Show marketing remark (680 chars)

    Great opportunity to purchase some investment property. This 3 bedroom 1 bath home is 1,116 sq ft. It is centrally located in Lubbock so shopping and dining are less then 15 mins away. Texas tech university is a 12 min drive. This home is currently occupied please do not disturb the tenants. Showings well be approved through listing agent. We require offer in hand to show all tenant occupied properties. This property has the potential to generate an additional 10,200 yr for your rental portfolio. This property is part of a package deal where you can purchase #MLS 20265272, 2011 38th, Combined for $149,000. Both units are professionally managed by Location Rentals Lubbock.

19. 2020-08-05
    soldstatus
20. 2020-07-30
    soldstatus

    Show marketing remark (161 chars)

    Investment opportunity! This great 3 bed 1 bath home is ready for a new owner. It is currently rented for $795! Great location, and easy rent. Hardwood flooring.

21. 2020-06-29
    listed $62,000

    Show marketing remark (161 chars)

    Investment opportunity! This great 3 bed 1 bath home is ready for a new owner. It is currently rented for $795! Great location, and easy rent. Hardwood flooring.

22. 2016-08-11
    soldstatus
23. 2016-08-08
    soldstatus
24. 2015-11-25
    listed $60,000
25. 2000-02-01
    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: $1,159 · $97/mo
• Projected year-2 tax: $2,743 · $229/mo
• Expected delta: +$1,584/yr (+$132/mo · 136.7%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,251
• − Mortgage interest: −$8,397
• − Property taxes: −$1,159
• − Insurance: −$750
• − Repairs & maintenance: −$980
• − Management: −$980
• − Depreciation: −$4,361
• Taxable loss: −$4,375
• Est. tax savings @ 24.0%: +$1,050
• After-tax cash flow: $-613/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): 8,529
• Household income: $51,630
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 366.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 55% Black 22% White 20% Two or more races 17% Native American 2%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Romanian 1% Lithuanian 0%
• Foreign-born: 5% · Canada
• Languages at home: 64% English-only · Spanish 36%

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: ▲ 3.22%
• Current HPI: 163.854
• Rent YoY: —
• 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

+149.8% since first listed

9 events — show timeline

• 2026-04-28 Listed $149,900 LARMLS
• 2026-04-20 Listed $82,900 LARMLS
• 2020-08-05 Sold (Public Records) — Public Records
• 2020-07-30 Sold (MLS) — LARMLS
• 2020-06-29 Listed $62,000 LARMLS
• 2016-08-11 Sold (Public Records) — Public Records
• 2016-08-08 Sold (MLS) — LARMLS
• 2015-11-25 Listed $60,000 LARMLS
• 2000-02-01 Sold (Public Records) — Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,159 · -2.6% YoY. Source: county tax records.