2818 35th St · Lubbock, TX 79413

$95,000

2 bd · 1.0 ba · 866 sqft · SingleFamily public records · 9 Days on market

Built 1950 6,313 sqft lot

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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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• 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

Great home for owner occupy or investor. Home has been completely remodeled inside and outside. Seller is very motivated. Washer, dryer, and refrigerator will convey with accepted offer, so bring all offers.

Key facts

• Central heat
• Covered parking
• Updated windows

Tags

• COVERED PARKING
• UPDATED WINDOWS
• CENTRAL HEAT
• FENCED BACKYARD

Property features AI

Exterior

• Parking: Detached carport
• Security: Smoke detector(s)
• Home design: Single-family residence; Residential property
• Construction: Asbestos construction material; Pillar/post/pier foundation
• Exterior features: No notable exterior features listed; Composition roof

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s) for cooling
• Interior features: Ceiling fan(s); Smoke detector(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).

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); 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 83% FRL vs 60% district-wide (23 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); 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 $657 of loan paydown is wiped out by about $3k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 8y 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 1950 — 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 $95,000

Questions for the listing agent

1. Built in 1950 — 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: 1.11% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.16%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-4,971
• Equity at exit: $14,165

10-year hold

• IRR: 3.3%
• Equity multiple: 1.23×
• Total profit: $6,088
• Equity at exit: $8,214

Cash invested: $26,600 (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 79413

• Rents YoY: 1.9%
• Active inventory: 183
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,057 high
• Mortgage (P&I): −$498
• Tax from tax record: −$116 /mo · $1,393/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $181

Break-even live

Break-even rent $828

Max offer price $95,000

Occupancy floor 78%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2823 33rd St Lubbock, TX	3.0	1.0	1105	$950	$0.86	43d	1	0.09mi
3005 35th St Lubbock, TX	1.0	1.0	532	$525	$0.99	43d	1	0.12mi
2723 36th St Lubbock, TX	2.0	1.0	802	$950	$1.18	21d	1	0.14mi
2701 36th St Lubbock, TX	2.0	1.0	802	$1,195	$1.49	13d	1	0.21mi
2616 37th St Lubbock, TX	2.0	1.0	950	$1,200	$1.26	21d	1	0.27mi
3107 37th St Lubbock, TX	2.0	1.0	750	$1,095	$1.46	21d	1	0.29mi
3116 33rd St Lubbock, TX	2.0	1.0	912	$1,195	$1.31	43d	1	0.30mi
3114 37th St Lubbock, TX	3.0	1.0	988	$1,095	$1.11	43d	1	0.31mi
2601 33rd St Lubbock, TX	1.0	1.0	695	$750	$1.08	43d	1	0.31mi
3007 39th St Unit A Lubbock, TX	1.0	1.0	600	$600	$1.00	21d	1	0.32mi
3016 30th St Lubbock, TX	2.0	1.0	947	$975	$1.03	43d	1	0.33mi
2816 40th St Lubbock, TX	2.0	1.0	826	$825	$1.00	21d	1	0.34mi
3211 35th St Unit A Lubbock, TX	2.0	1.0	850	$850	$1.00	13d	1	0.39mi
3211 35th St Unit E Lubbock, TX	2.0	1.0	850	$850	$1.00	43d	1	0.39mi
2506 37th St Lubbock, TX	3.0	1.0	1053	$1,550	$1.47	21d	1	0.43mi
3221 33rd St Unit A Lubbock, TX	2.0	1.0	982	$925	$0.94	13d	1	0.43mi
2818 27th St Lubbock, TX	2.0	2.0	1042	$1,125	$1.08	21d	1	0.47mi
2521 40th St Lubbock, TX	2.0	1.0	902	$1,195	$1.32	21d	1	0.49mi
2605 41st St Lubbock, TX	2.0	1.0	882	$995	$1.13	13d	1	0.51mi
2420 33rd St Lubbock, TX	2.0	1.0	800	$799	$1.00	21d	1	0.51mi
2408 35th St Lubbock, TX	2.0	1.0	1072	$995	$0.93	21d	1	0.52mi
2602 28th St Lubbock, TX	2.0	1.0	937	$1,095	$1.17	21d	1	0.52mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	21d	1	0.52mi
2521 41st St Lubbock, TX	2.0	1.0	990	$925	$0.93	43d	1	0.54mi
2419 31st St Apt B Lubbock, TX	2.0	1.0	878	$795	$0.91	13d	1	0.55mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	43d	1	0.55mi
2812 43rd St Unit 7 Lubbock, TX	2.0	1.0	1104	$750	$0.68	21d	1	0.55mi
2906 43rd St Unit B Lubbock, TX	2.0	1.0	870	$850	$0.98	21d	1	0.56mi
2514 42nd St Lubbock, TX	3.0	1.0	943	$950	$1.01	13d	1	0.59mi
2815 43rd St Unit 11 Lubbock, TX	2.0	1.0	1085	$800	$0.74	21d	1	0.59mi
2411 31st St Lubbock, TX	3.0	1.0	1003	$1,000	$1.00	21d	1	0.59mi
2420 30th St Lubbock, TX	2.0	1.0	1092	$1,100	$1.01	21d	1	0.59mi
2820 25th St Unit B Lubbock, TX	1.0	1.0	661	$650	$0.98	13d	1	0.61mi
2706 44th St Apt C Lubbock, TX	2.0	1.0	900	$680	$0.76	43d	1	0.62mi
2512 26th St Unit 1706 Lubbock, TX	2.0	2.0	986	$700	$0.71	43d	1	0.65mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	13d	1	0.66mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	43d	1	0.66mi
2315 32nd St Lubbock, TX	2.0	1.0	900	$995	$1.11	21d	1	0.67mi
2701 44th St Lubbock, TX	1.0–3.0	1.0–1.5	657	$888	$1.35	13d	25	0.67mi
2607 44th St Lubbock, TX	2.0	2.0	988	$1,325	$1.34	43d	1	0.67mi

Listing history 8 events

1. 2026-06-18
   days on market $95,000 Active 9 DOM
2. 2026-06-17
   days on market $95,000 Active 8 DOM
3. 2026-06-16
   days on market $95,000 Active 7 DOM
4. 2026-06-15
   days on market $95,000 Active 6 DOM
5. 2026-06-14
   days on market $95,000 Active 4 DOM
6. 2026-06-13
   days on market $95,000 Active 3 DOM
7. 2026-06-09
   remarks 184-char remark
8. 2026-06-09
   listed $95,000 Active 1 DOM

ⓘ 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: $1,393 · $116/mo
• Projected year-2 tax: $1,738 · $145/mo
• Expected delta: +$345/yr (+$29/mo · 24.8%)

ⓘ 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: $12,681
• − Mortgage interest: −$5,321
• − Property taxes: −$1,393
• − Insurance: −$475
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$2,764
• Taxable income: $698
• Est. tax owed @ 24.0%: −$168
• After-tax cash flow: $2,004/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

+37.7% since first listed

19 events — show timeline

• 2026-06-09 Listed $95,000 LARMLS
• 2025-08-08 Rental Removed $950 APPFOLIO
• 2025-07-28 Listed for Rent $950 APPFOLIO
• 2025-06-25 Rental Removed $935 LARMLS
• 2025-06-12 Price Changed $935 LARMLS
• 2025-03-26 Listed for Rent $965 LARMLS
• 2025-03-26 Rental Removed $965 APPFOLIO
• 2025-03-24 Listed for Rent $965 APPFOLIO
• 2025-03-09 Rental Removed $965 LARMLS
• 2025-03-07 Listed for Rent $965 LARMLS
• 2024-04-02 Rental Removed $975 LARMLS
• 2024-03-08 Listed for Rent $975 LARMLS
• 2022-05-12 Price Changed $800 RENT.
• 2018-04-10 Sold (Public Records) — Public Records
• 2018-04-09 Sold (MLS) — LARMLS
• 2018-02-13 Listed $69,000 LARMLS
• 1990-12-01 Sold (Public Records) — Public Records
• 1990-10-01 Sold (Public Records) — Public Records
• 1984-02-01 Sold (Public Records) — Public Records

Property tax history

+3.5%/yr

Latest (2025): $1,393 · -17.0% YoY. Source: county tax records.