3015 55th St · Lubbock, TX 79413

$128,500

3 bd · 1.0 ba · 1,640 sqft · SingleFamily public records · 19 Days on market

Built 1956 9,083 sqft lot $78/sqft · 27% below area Est $175k · 27% under ↓ 1% since listing

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +6.6/10.0
• Livability +4.0/5.0
• 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

Will not separate package deal. This house is part of a 5 home package, that includes 3015 55th, 3016 55th, 3813 31st, 4115 31st, and 4615 46th St. See attachment for rent roll details or notify the listing agent. Lease company requires a 24 hour notice for all showings and no showings on Sunday. Houses will not be shown until a letter of intent or offer has been presented to the seller.

Key facts

• Hvac replaced
• Close to university
• Vaulted ceiling

Tags

• VAULTED CEILING
• SUN ROOM
• UPDATED VINYL PLANK FLOORING
• CLOSE TO UNIVERSITY
• CLOSE TO MEDICAL DISTRICT
• HVAC REPLACED

Property features AI

Exterior

• Parking: Attached carport; Garage faces front
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected/available; Water connected; Sewer connected
• Home design: Single-family residence; One story; City lot; Public-maintained road with city street frontage
• Construction: Brick and vinyl siding exterior; Composition (shingle) roof; Pillar/post/pier foundation; Built in 1,640 above-grade finished area
• Exterior features: Front porch; Fenced backyard

Interior

• Kitchen: Dishwasher; Free-standing electric range
• Flooring: Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Ceiling fan(s)
• Laundry & utility: Laundry located in kitchen

🏷️ Possibly a rental listed for sale. The $128,500 price doesn't fit this home's estimated sale value (~$175,222) 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/1.0-bath single-family listed at $128k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $128k).
• Recommended offer: $127k (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: Parsons El (math 32% / reading 32%, grade F, #2,268 of 4,322 statewide, top 55%, 396 students, 84% FRL); Atkins Middle (math 24% / reading 33%, grade F, #1,122 of 1,662 statewide, top 69%, 542 students, 87% 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 81% FRL vs 60% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.9%/yr); 183 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); 48% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $888 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 19 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,572 (1.5% below list)

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.16% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.63%
• DSCR: 1.30
• GRM: 7.2

CMA / ARV

• ARV (median comp): $175,222
• List price: $128,500
• Delta: -26.66%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.4%
• Equity multiple: 0.73×
• Total profit: $-9,658
• Equity at exit: $19,160

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $1,883
• Equity at exit: $11,110

Cash invested: $35,980 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,496 high
• Mortgage (P&I): −$674
• Tax from tax record: −$255 /mo · $3,064/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $199

Break-even live

Break-even rent $1,244

Max offer price $128,500

Occupancy floor 82%

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: $32,125
• Closing costs: $3,855
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2823 54th St Lubbock, TX	3.0	2.0	1725	$1,825	$1.06	43d	1	0.15mi
2821 61st St Lubbock, TX	3.0	1.0	1230	$1,100	$0.89	43d	1	0.42mi
3019 47th St Lubbock, TX	3.0	2.0	1298	$1,400	$1.08	21d	1	0.50mi
2817 63rd St Lubbock, TX	3.0	1.0	1125	$1,250	$1.11	21d	1	0.54mi
3236 63rd St Lubbock, TX	3.0	2.5	1818	$1,524	$0.84	13d	1	0.55mi
3423 56th St Lubbock, TX	3.0	2.0	2224	$1,895	$0.85	43d	1	0.57mi
2725 63rd St Unit FS Lubbock, TX	3.0	2.0	1624	$1,599	$0.98	43d	1	0.58mi
3415 49th St Unit B Lubbock, TX	3.0	2.0	1410	$1,350	$0.96	43d	1	0.62mi
3312 47th St Lubbock, TX	3.0	2.0	1880	$1,795	$0.95	43d	1	0.64mi
2707 63rd St Lubbock, TX	3.0	1.0	1080	$1,050	$0.97	13d	1	0.64mi
3105 44th St Lubbock, TX	3.0	2.0	1348	$1,375	$1.02	21d	1	0.69mi
5330 Kenosha Ave Lubbock, TX	2.0	1.5	1300	$1,050	$0.81	43d	1	0.71mi
2827 66th St Lubbock, TX	3.0	1.0	1190	$1,200	$1.01	21d	1	0.71mi
3417 47th St Lubbock, TX	3.0	2.0	1450	$1,550	$1.07	43d	1	0.72mi
5302 Kenosha Ave Unit 5330 Lubbock, TX	2.0	1.5	1300	$1,050	$0.81	43d	1	0.72mi
5302 Kenosha Ave Unit 5324 Kenosha Lubbock, TX	2.0	1.5	1300	$950	$0.73	13d	1	0.72mi
5324 Kenosha Ave Lubbock, TX	2.0	1.5	1300	$950	$0.73	13d	1	0.72mi
5202 Kenosha Ave Lubbock, TX	2.0	1.0–1.5	1082	$1,022	$0.94	21d	1	0.73mi
2815 43rd St Unit 11 Lubbock, TX	2.0	1.0	1085	$800	$0.74	21d	1	0.73mi
5018 Kenosha Ave Lubbock, TX	2.0	1.5	1245	$1,275	$1.02	13d	1	0.74mi
2812 43rd St Unit 7 Lubbock, TX	2.0	1.0	1104	$750	$0.68	21d	1	0.78mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	43d	1	0.78mi
3505 46th St Lubbock, TX	2.0	2.0	1686	$1,550	$0.92	43d	1	0.79mi
2611 44th St Lubbock, TX	3.0	1.0	1200	$1,395	$1.16	43d	1	0.81mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	21d	1	0.82mi
3631 54th St Lubbock, TX	2.0	1.5	1145	$1,099	$0.96	43d	1	0.84mi
2730 68th St Lubbock, TX	4.0	3.0	2050	$1,999	$0.98	21d	1	0.85mi
6711 Hartford Ave Unit A Lubbock, TX	2.0	1.5	1165	$975	$0.84	43d	1	0.85mi
2726 68th St Lubbock, TX	4.0	2.0	1524	$1,800	$1.18	43d	1	0.86mi
2316 47th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	21d	1	0.94mi
3806 58th St Unit B Lubbock, TX	2.0	1.0	1150	$900	$0.78	13d	1	0.94mi
3404 42nd St Lubbock, TX	3.0	2.0	1475	$1,500	$1.02	43d	1	0.95mi
6911 Gary Ave Unit A Lubbock, TX	3.0	2.0	1154	$1,125	$0.97	43d	1	0.95mi
2121 56th St Lubbock, TX	3.0	2.0	2047	$1,999	$0.98	21d	1	0.95mi
2400 44th St Lubbock, TX	1.0–3.0	1.0–2.0	1015	$1,225	$1.21	13d	23	0.96mi
2609 41st St Lubbock, TX	3.0	2.0	1469	$1,550	$1.06	21d	1	0.98mi
3114 40th St Lubbock, TX	3.0	2.0	1488	$1,375	$0.92	43d	1	0.98mi
3712 47th St Lubbock, TX	3.0	2.0	1767	$1,400	$0.79	21d	1	1.00mi
3612 44th St Lubbock, TX	3.0	2.0	1675	$1,850	$1.10	43d	1	1.01mi
3108 39th St Lubbock, TX	3.0	2.0	1504	$1,295	$0.86	21d	1	1.04mi

Listing history 16 events

1. 2026-05-15
   status Pending 616-char remark
2. 2026-04-26
   listed $128,500 Active 616-char remark
3. 2026-03-31
   price $119,950
4. 2026-03-22
   price $129,950
5. 2026-01-24
   price $131,500
6. 2026-01-19
   price $133,500
7. 2026-01-09
   price $135,000
8. 2025-10-30
   price $149,900
9. 2025-10-01
   price $155,500
10. 2022-02-24
    soldstatus
11. 2022-02-23
    soldstatus

    Show marketing remark (390 chars)

    Will not separate package deal. This house is part of a 5 home package, that includes 3015 55th, 3016 55th, 3813 31st, 4115 31st, and 4615 46th St. See attachment for rent roll details or notify the listing agent. Lease company requires a 24 hour notice for all showings and no showings on Sunday. Houses will not be shown until a letter of intent or offer has been presented to the seller.

12. 2022-01-19
    listed $135,000

    Show marketing remark (390 chars)

    Will not separate package deal. This house is part of a 5 home package, that includes 3015 55th, 3016 55th, 3813 31st, 4115 31st, and 4615 46th St. See attachment for rent roll details or notify the listing agent. Lease company requires a 24 hour notice for all showings and no showings on Sunday. Houses will not be shown until a letter of intent or offer has been presented to the seller.

13. 2021-10-06
    listed $130,000
14. 2014-09-04
    soldstatus
15. 2006-01-04
    soldstatus
16. 1995-01-01
    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: $3,064 · $255/mo
• Projected year-2 tax: $3,064 · $255/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 · 20 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: $17,948
• − Mortgage interest: −$7,198
• − Property taxes: −$3,064
• − Insurance: −$642
• − Repairs & maintenance: −$1,436
• − Management: −$1,436
• − Depreciation: −$3,738
• Taxable income: $433
• Est. tax owed @ 24.0%: −$104
• After-tax cash flow: $2,282/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

-1.2% since first listed

17 events — show timeline

• 2026-06-18 Sold (MLS) — LARMLS
• 2026-05-15 Pending — LARMLS
• 2026-04-26 Listed $128,500 LARMLS
• 2026-03-31 Price Changed $119,950 LARMLS
• 2026-03-22 Price Changed $129,950 LARMLS
• 2026-01-24 Price Changed $131,500 LARMLS
• 2026-01-19 Price Changed $133,500 LARMLS
• 2026-01-09 Price Changed $135,000 LARMLS
• 2025-10-30 Price Changed $149,900 LARMLS
• 2025-10-01 Price Changed $155,500 LARMLS
• 2022-02-24 Sold (Public Records) — Public Records
• 2022-02-23 Sold (MLS) — LARMLS
• 2022-01-19 Listed $135,000 LARMLS
• 2021-10-06 Listed $130,000 LARMLS
• 2014-09-04 Sold (Public Records) — Public Records
• 2006-01-04 Sold (Public Records) — Public Records
• 1995-01-01 Sold (Public Records) — Public Records

Property tax history

+4.4%/yr

Latest (2025): $3,064 · +3.2% YoY. Source: county tax records.