1924 73rd St · Lubbock, TX 79423

$145,000

3 bd · 1.0 ba · 1,297 sqft · SingleFamily public records · 62 Days on market

Built 1965 6,360 sqft lot $112/sqft · 8% above area Est $134k · 8% 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 +16.0/30.0
• DSCR +5.0/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• ARV discount +3.7/15.0
• 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

You won't find a better home for the price! Welcome to this beautifully maintained 3-bedroom, 1-bath home offering 1,297 square feet of comfortable living space plus a versatile bonus room. From the moment you walk in, you'll notice the spacious living area featuring abundant natural light and a functional layout perfect for both relaxing and entertaining. The kitchen offers ample cabinet and counter space and opens to a cozy dining area, making it ideal for everyday living and gatherings. The bonus room provides flexible space that can be used as a second living area, home office, craft room, or playroom. The bedrooms are well-sized with great closet space, and the bathroom has been well cared for and is clean and functional. Outside, you'll find a large backyard with plenty of room to enjoy the outdoors, plus a storage shed for additional space and organization. This home has been very well maintained and is move-in ready, making it a great option for first-time buyers, downsizers, or investors. Don't miss your opportunity to see this charming, well-cared-for home in a convenient Lubbock location!

Key facts

• Cozy dining area
• Large backyard
• Storage shed

Tags

• LARGE BACKYARD
• STORAGE SHED
• COZY DINING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $72 ($869/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 $137k (5.8% below list).
• Recommended offer: $136k (6.0% 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 rising (+2.1%/yr); 663 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $1k 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 62 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• 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 $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — 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. 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: 0.94% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 8.8

CMA / ARV

• ARV (median comp): $133,814
• List price: $145,000
• Delta: 8.36%
• Verdict: FAIR
• Comps: 8 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.13% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.51×
• Total profit: $-20,046
• Equity at exit: $21,620

10-year hold

• IRR: -6.5%
• Equity multiple: 0.60×
• Total profit: $-16,202
• Equity at exit: $12,537

Cash invested: $40,600 (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 79423

• Rents YoY: 2.1%
• Active inventory: 663
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,366 high
• Mortgage (P&I): −$760
• Tax from tax record: −$186 /mo · $2,232/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $72

Break-even live

Break-even rent $1,274

Max offer price $145,000

Occupancy floor 90%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1921 S Loop 289 Lubbock, TX	3.0	2.0	1121	$1,100	$0.98	43d	1	0.10mi
2105 South Loop 289 Unit A Lubbock, TX	2.0	1.0	962	$950	$0.99	13d	1	0.14mi
1923 76th St Lubbock, TX	3.0	2.0	1622	$1,699	$1.05	43d	1	0.16mi
1927 71st St Lubbock, TX	4.0	2.0	1807	$1,600	$0.89	21d	1	0.17mi
1816 75th St Lubbock, TX	4.0	2.0	1516	$2,000	$1.32	21d	1	0.17mi
2113 S Loop 289 Lubbock, TX	2.0	1.0	1000	$849	$0.85	43d	1	0.18mi
2113 South Loop 289 Unit B Lubbock, TX	2.0	1.0	950	$900	$0.95	13d	1	0.18mi
1940 77th St Lubbock, TX	3.0	2.0	1700	$1,500	$0.88	43d	1	0.21mi
2128 74th St Lubbock, TX	3.0	2.5	1132	$1,350	$1.19	21d	1	0.26mi
7304 Avenue W Lubbock, TX	3.0	2.0	1500	$999	$0.67	13d	1	0.31mi
7006 Avenue S Lubbock, TX	4.0	2.0	1498	$1,800	$1.20	43d	1	0.31mi
7404 W Avenue Unit A Lubbock, TX	2.0	1.0	950	$825	$0.87	43d	1	0.31mi
2401 73rd St Unit 14 Lubbock, TX	2.0	2.0	950	$800	$0.84	13d	1	0.33mi
1923 67th St Lubbock, TX	4.0	2.0	1467	$1,525	$1.04	43d	1	0.36mi
7406 Waco Ave Unit C Lubbock, TX	2.0	1.0	1831	$750	$0.41	43d	1	0.39mi
1805 79th Pl Lubbock, TX	3.0	2.0	1284	$1,375	$1.07	43d	1	0.47mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	21d	1	0.48mi
1625 79th Pl Lubbock, TX	3.0	2.0	1541	$1,650	$1.07	44d	1	0.49mi
8108 Sherman Ave Lubbock, TX	3.0	2.0	1306	$1,400	$1.07	44d	1	0.52mi
1606 82nd St Lubbock, TX	1.0–2.0	1.0–2.0	843	$1,580	$1.87	13d	16	0.56mi
8217 Avenue U Lubbock, TX	1.0–2.0	1.0–2.0	873	$1,570	$1.80	13d	28	0.66mi
6130 Avenue P Lubbock, TX	4.0	2.0	1387	$1,100	$0.79	43d	1	0.67mi
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	21d	1	0.71mi
8214 Vernon Ave Unit B Lubbock, TX	2.0	1.0	928	$1,100	$1.19	21d	1	0.71mi
1512 82nd St Unit B Lubbock, TX	2.0	1.0	900	$750	$0.83	21d	1	0.71mi
1508 82nd St Unit A Lubbock, TX	2.0	1.0	960	$750	$0.78	43d	1	0.73mi
2303 84th St Lubbock, TX	3.0	1.5	1128	$1,100	$0.98	21d	1	0.76mi
1115 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	43d	1	0.79mi
1113 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	43d	1	0.81mi
2726 68th St Lubbock, TX	4.0	2.0	1524	$1,800	$1.18	43d	1	0.85mi
1118 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	43d	1	0.87mi
8606 Avenue V Unit V Lubbock, TX	2.0	2.0	1025	$1,075	$1.05	43d	1	0.87mi
1116 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	43d	1	0.88mi
1112 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	43d	1	0.89mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	13d	1	0.91mi
1108 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	43d	1	0.91mi
1106 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	43d	1	0.91mi
2612 81st St Unit B Lubbock, TX	2.0	2.0	1150	$1,100	$0.96	43d	1	0.94mi
914 82nd St Unit B Lubbock, TX	2.0	1.0	932	$900	$0.97	43d	1	0.97mi
2401 87th St Unit A Lubbock, TX	3.0	2.0	1000	$1,125	$1.12	13d	1	0.97mi

Listing history 21 events

1. 2026-06-18
   days on market $145,000 Active 62 DOM
2. 2026-06-17
   days on market $145,000 Active 61 DOM
3. 2026-06-16
   days on market $145,000 Active 60 DOM
4. 2026-06-15
   days on market $145,000 Active 59 DOM
5. 2026-06-14
   days on market $145,000 Active 57 DOM
6. 2026-06-13
   days on market $145,000 Active 56 DOM
7. 2026-06-10
   days on market $145,000 Active 54 DOM
8. 2026-06-09
   days on market $145,000 Active 53 DOM
9. 2026-06-08
   days on market $145,000 Active 52 DOM
10. 2026-06-07
    days on market $145,000 Active 51 DOM
11. 2026-06-05
    days on market $145,000 Active 48 DOM
12. 2026-06-03
    days on market $145,000 Active 47 DOM
13. 2026-06-02
    days on market $145,000 Active 46 DOM
14. 2026-06-01
    days on market $145,000 Active 45 DOM
15. 2026-05-31
    days on market $145,000 Active 44 DOM
16. 2026-05-30
    days on market $145,000 Active 43 DOM
17. 2026-05-07
    status Active 1116-char remark

    Show marketing remark (1116 chars)

    You won't find a better home for the price! Welcome to this beautifully maintained 3-bedroom, 1-bath home offering 1,297 square feet of comfortable living space plus a versatile bonus room. From the moment you walk in, you'll notice the spacious living area featuring abundant natural light and a functional layout perfect for both relaxing and entertaining. The kitchen offers ample cabinet and counter space and opens to a cozy dining area, making it ideal for everyday living and gatherings. The bonus room provides flexible space that can be used as a second living area, home office, craft room, or playroom. The bedrooms are well-sized with great closet space, and the bathroom has been well cared for and is clean and functional. Outside, you'll find a large backyard with plenty of room to enjoy the outdoors, plus a storage shed for additional space and organization. This home has been very well maintained and is move-in ready, making it a great option for first-time buyers, downsizers, or investors. Don't miss your opportunity to see this charming, well-cared-for home in a convenient Lubbock location!

18. 2026-04-09
    status Pending 1116-char remark

    Show marketing remark (1116 chars)

    You won't find a better home for the price! Welcome to this beautifully maintained 3-bedroom, 1-bath home offering 1,297 square feet of comfortable living space plus a versatile bonus room. From the moment you walk in, you'll notice the spacious living area featuring abundant natural light and a functional layout perfect for both relaxing and entertaining. The kitchen offers ample cabinet and counter space and opens to a cozy dining area, making it ideal for everyday living and gatherings. The bonus room provides flexible space that can be used as a second living area, home office, craft room, or playroom. The bedrooms are well-sized with great closet space, and the bathroom has been well cared for and is clean and functional. Outside, you'll find a large backyard with plenty of room to enjoy the outdoors, plus a storage shed for additional space and organization. This home has been very well maintained and is move-in ready, making it a great option for first-time buyers, downsizers, or investors. Don't miss your opportunity to see this charming, well-cared-for home in a convenient Lubbock location!

19. 2026-03-21
    listed $145,000 Active 1116-char remark

    Show marketing remark (1116 chars)

    You won't find a better home for the price! Welcome to this beautifully maintained 3-bedroom, 1-bath home offering 1,297 square feet of comfortable living space plus a versatile bonus room. From the moment you walk in, you'll notice the spacious living area featuring abundant natural light and a functional layout perfect for both relaxing and entertaining. The kitchen offers ample cabinet and counter space and opens to a cozy dining area, making it ideal for everyday living and gatherings. The bonus room provides flexible space that can be used as a second living area, home office, craft room, or playroom. The bedrooms are well-sized with great closet space, and the bathroom has been well cared for and is clean and functional. Outside, you'll find a large backyard with plenty of room to enjoy the outdoors, plus a storage shed for additional space and organization. This home has been very well maintained and is move-in ready, making it a great option for first-time buyers, downsizers, or investors. Don't miss your opportunity to see this charming, well-cared-for home in a convenient Lubbock location!

20. 2025-11-03
    soldstatus
21. 2025-11-03
    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: $2,232 · $186/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$422/yr (+$35/mo · 18.9%)

ⓘ 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: $16,393
• − Mortgage interest: −$8,122
• − Property taxes: −$2,232
• − Insurance: −$725
• − Repairs & maintenance: −$1,311
• − Management: −$1,311
• − Depreciation: −$4,218
• Taxable loss: −$1,527
• Est. tax savings @ 24.0%: +$367
• After-tax cash flow: $1,235/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): 46,998
• Household income: $84,933
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 1385.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 13% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -155.00%
• Current HPI: 213.6491
• Rent YoY: ▲ 2.13%
• 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

5 events — show timeline

• 2026-05-07 Relisted — LARMLS
• 2026-04-09 Pending — LARMLS
• 2026-03-21 Listed $145,000 LARMLS
• 2025-11-03 Sold (Public Records) — Public Records
• 2025-11-03 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,232 · +5.2% YoY. Source: county tax records.