1517 Good Pr Ave · Wolfforth, TX 79382

$239,999

4 bd · 2.0 ba · 2,173 sqft · Other · 18 Days on market

Built 2026 Excellent condition 3,668 sqft lot

---

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 +18.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Condition / age +4.8/5.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0

Listing remarks

The Barlow - This new two-story home is host to an open-concept floorplan on the first level combining the kitchen, dining area and family room for effortless entertaining and multitasking. A versatile game room is located upstairs near four bedrooms, including the luxe owner's suite with a spa-inspired bathroom and generous walk-in closet. Estimated Completion July 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

Key facts

• 3,668 sq ft lot
• 2 garage spots
• Built 2026

Property features AI

Finance

• HOA & community: Community park

Exterior

• Parking: Attached garage; 2 garage spaces
• Security: See remarks
• Utilities: Public water; Water connected; Sewer connected; Utilities: see remarks
• Home design: Single family residence; New construction; 2 stories
• Construction: Brick and vinyl siding construction; Composition roof; Slab foundation; Built as new construction
• Exterior features: Private yard; Back yard fenced for privacy (wood fence)

Interior

• Kitchen: Dishwasher; Electric range; Gas range
• Bedrooms: Total rooms: 8
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast bar; Open floorplan; Walk-in closets; See remarks
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup; Laundry inside

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $240k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $247 ($3k/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 $210k (12.7% below list).
• Recommended offer: $210k (12.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#43 in TX, #1,872 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Frenship ISD (urban): math 47% / reading 54% proficiency, ranked #162 of 826 in TX (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Upland Heights El (math 49% / reading 55%, grade C-, #742 of 4,322 statewide, top 19%, 840 students, 46% FRL); Frenship Middle (math 46% / reading 50%, grade C-, #400 of 1,662 statewide, top 24%, 833 students, 47% FRL); Frenship H S (math 44% / reading 65%, grade C-, #379 of 1,632 statewide, top 26%, 3,247 students, 46% FRL).
• Market conditions: 472 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 10335% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $209,554 (12.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 0.87% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.41%
• DSCR: 1.20
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.5%
• Equity multiple: 3.18×
• Total profit: $146,332
• Equity at exit: $216,210

10-year hold

• IRR: 24.0%
• Equity multiple: 7.22×
• Total profit: $418,299
• Equity at exit: $466,265

Cash invested: $67,200 (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 79382

• Active inventory: 472
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,096 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$50 /mo · $596/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $247

Break-even live

Break-even rent $1,783

Max offer price $239,999

Occupancy floor 83%

Sensitivity live

Price	-10% $383	-5% $315	+0% $247	+5% $179	+10% $111
Rent	-10% $82	-5% $164	+0% $247	+5% $330	+10% $413
Rate	-1.0pp $368	-0.5pp $308	base $247	+0.5pp $185	+1.0pp $122

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1503 Good Prairie Ave Wolfforth, TX	4.0	2.5	2173	$2,450	$1.13	21d	1	0.08mi
723 E 17th St Wolfforth, TX	3.0	2.0	1670	$1,800	$1.08	44d	1	0.08mi
1313 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1550	$1,850	$1.19	14d	1	0.26mi
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	44d	1	0.26mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	14d	1	0.31mi
2408 Aberdeen Ave Wolfforth, TX	4.0	2.0	1703	$2,100	$1.23	21d	1	0.43mi
2418 Aberdeen Ave Wolfforth, TX	3.0	2.0	1450	$1,799	$1.24	44d	1	0.43mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	14d	1	0.61mi
2916 Corpus Ave Wolfforth, TX	3.0	2.0	1657	$1,800	$1.09	44d	1	0.85mi
127 Brooke Blvd Wolfforth, TX	3.0	2.5	1714	$1,757	$1.03	14d	2	0.89mi
2915 Tractor Ave Wolfforth, TX	4.0	3.0	2582	$2,995	$1.16	14d	1	0.92mi
7811 96th St Lubbock, TX	4.0	2.0	1946	$2,195	$1.13	21d	1	1.03mi
7805 96th St Lubbock, TX	4.0	2.0	1888	$2,150	$1.14	44d	1	1.05mi
7731 97th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	21d	1	1.05mi
811 11th St Wolfforth, TX	3.0	2.0	1523	$1,595	$1.05	44d	1	1.08mi
7510 102nd St Lubbock, TX	3.0	2.0	1503	$1,600	$1.06	44d	1	1.09mi
7729 96th St Lubbock, TX	4.0	2.0	1978	$2,300	$1.16	14d	1	1.10mi
7732 96th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	21d	1	1.11mi
7456 104th St Lubbock, TX	3.0	2.0	1460	$1,700	$1.16	44d	1	1.14mi
7449 104th St Lubbock, TX	3.0	2.0	1481	$1,625	$1.10	21d	1	1.15mi
906 11th St Wolfforth, TX	3.0	2.0	1731	$2,000	$1.16	44d	1	1.19mi
7440 104th St Lubbock, TX	3.0	2.0	1578	$1,600	$1.01	14d	1	1.20mi
7424 104th St Lubbock, TX	3.0	2.0	1598	$1,750	$1.10	44d	1	1.28mi
7729 92nd St Lubbock, TX	4.0	3.0	1810	$2,495	$1.38	21d	1	1.28mi
328 Ranger St Wolfforth, TX	4.0	2.0	2045	$2,450	$1.20	14d	1	1.38mi
405 Ranger St Wolfforth, TX	4.0	2.0	1866	$2,450	$1.31	14d	1	1.38mi
7350 100th St Lubbock, TX	3.0	2.0	1400	$1,650	$1.18	44d	1	1.40mi
209 Sooner St Wolfforth, TX	3.0	2.0	1951	$1,875	$0.96	44d	1	1.49mi

Listing history 4 events

1. 2026-05-15
   status Pending 530-char remark
2. 2026-04-29
   price $239,999 530-char remark
3. 2026-04-28
   price $255,999 530-char remark
4. 2026-04-27
   listed $259,999 Active 530-char remark

ⓘ 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: $596 · $50/mo
• Projected year-2 tax: $4,392 · $366/mo
• Expected delta: +$3,796/yr (+$316/mo · 636.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $25,146
• − Mortgage interest: −$13,444
• − Property taxes: −$596
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,012
• − Management: −$2,012
• − Depreciation: −$6,982
• Taxable loss: −$1,099
• Est. tax savings @ 24.0%: +$264
• After-tax cash flow: $3,230/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.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This new two-story home is move-in ready with a fresh exterior and interior. It offers an open-concept floorplan and a luxurious owner's suite. Consider adding a more vibrant exterior paint color and smart home technology to further enhance its appeal.

Value-add opportunities

• Resale Paint exterior in a more vibrant color — Enhances curb appeal and can increase home's visual appeal
• Both Install smart home technology — Improves home's functionality and can be a selling point for potential buyers
• Both Add a smart thermostat — Saves energy and can be a selling point for potential buyers

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior in a more vibrant color — Enhances curb appeal and can increase home's visual appeal ↑
• Both Install smart home technology — Improves home's functionality and can be a selling point for potential buyers ↑
• Both Add a smart thermostat — Saves energy and can be a selling point for potential buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Frenship ISD
• NCES district ID: 4819830
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 54% ▬ 0.00%
• Median HH income: $54,376
• Composite: 43.59/100
• National rank: #2976
• State rank: #162 of 826 in TX

Livability — Wolfforth

• Score: 80/100
• State rank: #43
• US rank: #1872

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment B- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wolfforth, TX
• County: Lubbock County · 293,542 people
• City population: 10,512
• Metro: Lubbock, TX
• Population (ZIP): 10,512
• Household income: $84,457
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 135.0

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 (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 18% Black 1%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Italian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 85% English-only · Spanish 14%

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: ▲ 166.08%
• Current HPI: 561.4491
• 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

-99.1% since first listed

5 events — show timeline

• 2026-05-26 Listed for Rent $2,300 LARMLS
• 2026-05-15 Pending — LARMLS
• 2026-04-29 Price Changed $239,999 LARMLS
• 2026-04-28 Price Changed $255,999 LARMLS
• 2026-04-27 Listed $259,999 LARMLS

Property tax history

+2.5%/yr

Latest (2025): $596 · +2.5% YoY. Source: county tax records.