1903 71st St · Lubbock, TX 79412

$135,000

3 bd · 2.0 ba · 1,568 sqft · SingleFamily public records · 114 Days on market

Built 1966 7,910 sqft lot $86/sqft · 11% below area Est $151k · 11% under

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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 +19.4/30.0
• ARV discount +12.3/15.0
• DSCR +6.1/10.0
• 1% rule +5.5/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 3/2 family home in the central Lubbock neighborhood of Bayless Atkins, just inside of the south Loop. This home offers an open layout in the living, dining, and kitchen areas, 3 spacious bedrooms plus an office, vinyl plank flooring throughout, a large, fenced backyard with a storage shed and sits in a location that makes for easy access to the south Loop. Schedule your showing today!

Key facts

• Open layout
• Storage shed
• Vinyl plank flooring

Tags

• CENTRAL LUBBOCK NEIGHBORHOOD
• OPEN LAYOUT
• VINYL PLANK FLOORING
• LARGE FENCED BACKYARD
• STORAGE SHED
• EASY ACCESS TO SOUTH LOOP

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $123k (9.0% 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 (+3.9%/yr); 110 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 35% of the median local income ($49k/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 $933 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 114 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y 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

• 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 $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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. 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.
8. 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.
9. 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: 1.05% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.76%
• DSCR: 1.21
• GRM: 7.9

CMA / ARV

• ARV (median comp): $151,122
• List price: $135,000
• Delta: -10.67%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.87% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-11,027
• Equity at exit: $20,129

10-year hold

• IRR: 2.9%
• Equity multiple: 1.21×
• Total profit: $8,097
• Equity at exit: $11,672

Cash invested: $37,800 (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 79412

• Home prices YoY: -15.3%
• Rents YoY: 3.9%
• Active inventory: 110
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,415 high
• Mortgage (P&I): −$708
• Tax from tax record: −$204 /mo · $2,445/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $150

Break-even live

Break-even rent $1,225

Max offer price $135,000

Occupancy floor 84%

Sensitivity live

Price	-10% $226	-5% $188	+0% $150	+5% $112	+10% $74
Rent	-10% $38	-5% $94	+0% $150	+5% $206	+10% $262
Rate	-1.0pp $218	-0.5pp $184	base $150	+0.5pp $115	+1.0pp $79

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7006 Avenue S Lubbock, TX	4.0	2.0	1498	$1,800	$1.20	44d	1	0.06mi
1927 71st St Lubbock, TX	4.0	2.0	1807	$1,600	$0.89	22d	1	0.13mi
1921 S Loop 289 Lubbock, TX	3.0	2.0	1121	$1,100	$0.98	44d	1	0.17mi
1816 75th St Lubbock, TX	4.0	2.0	1516	$2,000	$1.32	22d	1	0.23mi
1923 67th St Lubbock, TX	4.0	2.0	1467	$1,525	$1.04	44d	1	0.31mi
1915 76th St Lubbock, TX	3.0	2.0	1911	$1,550	$0.81	14d	1	0.35mi
1923 76th St Lubbock, TX	3.0	2.0	1622	$1,699	$1.05	44d	1	0.38mi
6130 Avenue P Lubbock, TX	4.0	2.0	1387	$1,100	$0.79	44d	1	0.45mi
1940 77th St Lubbock, TX	3.0	2.0	1700	$1,500	$0.88	44d	1	0.46mi
2128 74th St Lubbock, TX	3.0	2.5	1132	$1,350	$1.19	22d	1	0.52mi
2115 66th St Lubbock, TX	4.0	2.0	2160	$1,795	$0.83	22d	1	0.53mi
1805 79th Pl Lubbock, TX	3.0	2.0	1284	$1,375	$1.07	44d	1	0.54mi
1625 79th Pl Lubbock, TX	3.0	2.0	1541	$1,650	$1.07	45d	1	0.54mi
7304 Avenue W Lubbock, TX	3.0	2.0	1500	$999	$0.67	14d	1	0.56mi
1606 82nd St Lubbock, TX	1.0–2.0	1.0–2.0	843	$1,580	$1.87	14d	16	0.63mi
7406 Waco Ave Unit C Lubbock, TX	2.0	1.0	1831	$750	$0.41	44d	1	0.65mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	14d	1	0.66mi
8108 Sherman Ave Lubbock, TX	3.0	2.0	1306	$1,400	$1.07	45d	1	0.69mi
1115 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	44d	1	0.72mi
1113 80th St Unit A Lubbock, TX	3.0	2.0	1443	$1,250	$0.87	44d	1	0.73mi
1118 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	44d	1	0.81mi
1116 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	44d	1	0.82mi
1112 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	44d	1	0.83mi
8217 Avenue U Lubbock, TX	1.0–2.0	1.0–2.0	873	$1,570	$1.80	14d	28	0.83mi
1108 82nd St Unit A Lubbock, TX	3.0	2.0	1243	$950	$0.76	44d	1	0.84mi
1106 82nd St Unit B Lubbock, TX	3.0	2.0	1243	$950	$0.76	44d	1	0.85mi
2303 84th St Lubbock, TX	3.0	1.5	1128	$1,100	$0.98	22d	1	1.00mi
2726 68th St Lubbock, TX	4.0	2.0	1524	$1,800	$1.18	44d	1	1.02mi
2121 56th St Lubbock, TX	3.0	2.0	2047	$1,999	$0.98	22d	1	1.03mi
2730 68th St Lubbock, TX	4.0	3.0	2050	$1,999	$0.98	22d	1	1.04mi
2108 88th St Lubbock, TX	4.0	3.0	2130	$1,850	$0.87	14d	1	1.11mi
2707 63rd St Lubbock, TX	3.0	1.0	1080	$1,050	$0.97	14d	1	1.14mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	44d	1	1.17mi
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	22d	1	1.18mi
2218 88th St Lubbock, TX	3.0	2.0	1311	$1,450	$1.11	44d	1	1.20mi
2612 81st St Unit B Lubbock, TX	2.0	2.0	1150	$1,100	$0.96	44d	1	1.21mi
2403 87th St Unit B Lubbock, TX	3.0	2.0	1158	$1,300	$1.12	14d	1	1.22mi
2725 63rd St Unit FS Lubbock, TX	3.0	2.0	1624	$1,599	$0.98	44d	1	1.24mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	22d	1	1.26mi
2827 66th St Lubbock, TX	3.0	1.0	1190	$1,200	$1.01	22d	1	1.29mi

Listing history 33 events

1. 2026-06-18
   days on market $135,000 Active 114 DOM
2. 2026-06-17
   days on market $135,000 Active 113 DOM
3. 2026-06-16
   days on market $135,000 Active 112 DOM
4. 2026-06-15
   days on market $135,000 Active 111 DOM
5. 2026-06-14
   days on market $135,000 Active 109 DOM
6. 2026-06-13
   days on market $135,000 Active 108 DOM
7. 2026-06-10
   days on market $135,000 Active 106 DOM
8. 2026-06-09
   days on market $135,000 Active 105 DOM
9. 2026-06-08
   days on market $135,000 Active 104 DOM
10. 2026-06-07
    days on market $135,000 Active 103 DOM
11. 2026-06-05
    days on market $135,000 Active 100 DOM
12. 2026-06-03
    days on market $135,000 Active 99 DOM
13. 2026-06-02
    days on market $135,000 Active 98 DOM
14. 2026-06-01
    days on market $135,000 Active 97 DOM
15. 2026-05-31
    days on market $135,000 Active 96 DOM
16. 2026-05-30
    days on market $135,000 Active 95 DOM
17. 2026-05-07
    price $135,000 393-char remark

    Show marketing remark (393 chars)

    Great 3/2 family home in the central Lubbock neighborhood of Bayless Atkins, just inside of the south Loop. This home offers an open layout in the living, dining, and kitchen areas, 3 spacious bedrooms plus an office, vinyl plank flooring throughout, a large, fenced backyard with a storage shed and sits in a location that makes for easy access to the south Loop. Schedule your showing today!

18. 2026-03-11
    price $139,900 393-char remark

    Show marketing remark (393 chars)

    Great 3/2 family home in the central Lubbock neighborhood of Bayless Atkins, just inside of the south Loop. This home offers an open layout in the living, dining, and kitchen areas, 3 spacious bedrooms plus an office, vinyl plank flooring throughout, a large, fenced backyard with a storage shed and sits in a location that makes for easy access to the south Loop. Schedule your showing today!

19. 2026-02-24
    listed $142,000 Active 393-char remark

    Show marketing remark (393 chars)

    Great 3/2 family home in the central Lubbock neighborhood of Bayless Atkins, just inside of the south Loop. This home offers an open layout in the living, dining, and kitchen areas, 3 spacious bedrooms plus an office, vinyl plank flooring throughout, a large, fenced backyard with a storage shed and sits in a location that makes for easy access to the south Loop. Schedule your showing today!

20. 2024-03-06
    soldstatus
21. 2024-02-29
    soldstatus Closed 276-char remark

    Show marketing remark (276 chars)

    Investment opportunity! This is a great home, and good area, close to Loop 289 and Texas Tech. Currently leased for $1385 a month, until October 31st 2024. This is a property that will generate instant cash flow, with great on time paying tenant. Take a look at this one ASAP!

22. 2024-01-25
    status Pending 276-char remark

    Show marketing remark (276 chars)

    Investment opportunity! This is a great home, and good area, close to Loop 289 and Texas Tech. Currently leased for $1385 a month, until October 31st 2024. This is a property that will generate instant cash flow, with great on time paying tenant. Take a look at this one ASAP!

23. 2024-01-10
    listed $140,000 Active 276-char remark

    Show marketing remark (276 chars)

    Investment opportunity! This is a great home, and good area, close to Loop 289 and Texas Tech. Currently leased for $1385 a month, until October 31st 2024. This is a property that will generate instant cash flow, with great on time paying tenant. Take a look at this one ASAP!

24. 2023-05-24
    soldstatus
25. 2023-05-17
    soldstatus Closed
26. 2023-04-12
    status Pending
27. 2023-04-10
    listed $134,500 Active
28. 2023-03-22
    price $135,000
29. 2020-02-26
    soldstatus
30. 2020-02-20
    soldstatus
31. 2020-01-29
    listed $65,000
32. 2004-09-01
    soldstatus
33. 1997-03-01
    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: $2,445 · $204/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: +$25/yr (+$2/mo · 1.0%)

ⓘ 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: $16,983
• − Mortgage interest: −$7,562
• − Property taxes: −$2,445
• − Insurance: −$675
• − Repairs & maintenance: −$1,359
• − Management: −$1,359
• − Depreciation: −$3,927
• Taxable loss: −$344
• Est. tax savings @ 24.0%: +$83
• After-tax cash flow: $1,883/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): 15,018
• Household income: $48,878
• Rent vs Own: 51.2% rent · 48.8% own
• Severe rent burden: 676.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 61% Two or more races 25% White 25% Black 10%
• Hispanic origin (detail): Mexican 51% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Serbian 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 67% English-only · Spanish 32% Arabic 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: ▼ -33.95%
• Current HPI: 188.4033
• Rent YoY: ▲ 3.87%
• 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

+107.7% since first listed

17 events — show timeline

• 2026-05-07 Price Changed $135,000 LARMLS
• 2026-03-11 Price Changed $139,900 LARMLS
• 2026-02-24 Listed $142,000 LARMLS
• 2024-03-06 Sold (Public Records) — Public Records
• 2024-02-29 Sold (MLS) — LARMLS
• 2024-01-25 Pending — LARMLS
• 2024-01-10 Listed $140,000 LARMLS
• 2023-05-24 Sold (Public Records) — Public Records
• 2023-05-17 Sold (MLS) — LARMLS
• 2023-04-12 Pending — LARMLS
• 2023-04-10 Listed $134,500 LARMLS
• 2023-03-22 Price Changed $135,000 LARMLS
• 2020-02-26 Sold (MLS) — LARMLS
• 2020-02-20 Sold (Public Records) — Public Records
• 2020-01-29 Listed $65,000 LARMLS
• 2004-09-01 Sold (Public Records) — Public Records
• 1997-03-01 Sold (Public Records) — Public Records

Property tax history

+4.8%/yr

Latest (2025): $2,445 · +2.9% YoY. Source: county tax records.