5312 32nd St · Lubbock, TX 79407

$125,000

3 bd · 2.0 ba · 1,395 sqft · SingleFamily public records · 38 Days on market

Built 1959 7,818 sqft lot $90/sqft · 23% below area Est $162k · 23% 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 +20.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located near Lubbock Christian University, parks, schools, shopping and restaurants - this is your 3 bed 1.5 bath home with an old school fireplace - HUGE back yard, extra parking and priced to sell. This is your home.

Key facts

• Extra parking
• Huge back yard
• 7,818 sq ft lot

Tags

• HUGE BACK YARD
• EXTRA PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $121k (3.0% 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 soft (-0.1%/yr); 610 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 $864 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 38 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 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 1959 — 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 $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 7.85%
• Cash-on-cash: 5.55%
• DSCR: 1.25
• GRM: 7.6

CMA / ARV

• ARV (median comp): $161,970
• List price: $125,000
• Delta: -22.83%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.60×
• Total profit: $-13,893
• Equity at exit: $18,638

10-year hold

• IRR: -7.4%
• Equity multiple: 0.60×
• Total profit: $-14,063
• Equity at exit: $10,808

Cash invested: $35,000 (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 79407

• Home prices YoY: -16.3%
• Rents YoY: -0.1%
• Active inventory: 610
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,364 high
• Mortgage (P&I): −$656
• Tax from tax record: −$208 /mo · $2,501/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $162

Break-even live

Break-even rent $1,160

Max offer price $125,000

Occupancy floor 83%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5406 36th St Lubbock, TX	3.0	2.0	1400	$695	$0.50	43d	1	0.35mi
5416 36th St Lubbock, TX	3.0	2.0	1375	$1,295	$0.94	43d	1	0.40mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	21d	1	0.41mi
5304 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	43d	1	0.42mi
5306 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	43d	1	0.43mi
5214 38th St Lubbock, TX	2.0	1.0	922	$825	$0.89	43d	1	0.44mi
5407 24th St Lubbock, TX	3.0	2.0	1208	$1,150	$0.95	13d	1	0.47mi
5318 39th St Lubbock, TX	3.0	2.0	1736	$1,375	$0.79	13d	1	0.48mi
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	13d	1	0.51mi
5604 38th St Lubbock, TX	3.0	2.0	1442	$1,400	$0.97	21d	1	0.54mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	21d	1	0.61mi
3705 Elkhart Ave Lubbock, TX	4.0	2.0	1507	$1,650	$1.09	21d	1	0.61mi
5402 22nd St Lubbock, TX	2.0	1.0	1234	$1,050	$0.85	43d	1	0.62mi
5433 40th St Unit A Lubbock, TX	2.0	1.5	978	$800	$0.82	43d	1	0.63mi
4907 36th St Lubbock, TX	2.0	1.0	1020	$1,095	$1.07	13d	1	0.63mi
4907 37th St Lubbock, TX	3.0	1.0	1000	$1,100	$1.10	43d	1	0.67mi
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	21d	1	0.68mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	21d	1	0.72mi
5724 36th St Lubbock, TX	4.0	2.0	1696	$1,600	$0.94	43d	1	0.73mi
2409 Utica Ave Lubbock, TX	3.0	1.5	1693	$1,400	$0.83	21d	1	0.77mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	21d	1	0.77mi
4702 31st St Lubbock, TX	3.0	2.0	1600	$1,450	$0.91	43d	1	0.83mi
4907 41st St Lubbock, TX	3.0	2.0	1196	$1,200	$1.00	43d	1	0.83mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	13d	1	0.83mi
3333 Toledo Ave Lubbock, TX	2.0	1.0–1.5	924	$741	$0.80	13d	7	0.86mi
5101 44th St Lubbock, TX	3.0	2.0	1160	$1,350	$1.16	21d	1	0.88mi
2702 Frankford Ave Lubbock, TX	2.0	1.0	940	$888	$0.94	43d	1	0.89mi
4702 37th St Lubbock, TX	3.0	1.0	900	$1,150	$1.28	13d	1	0.89mi
3201 W Loop 289 Lubbock, TX	1.0–2.0	1.0–2.0	771	$1,095	$1.42	43d	1	0.90mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	43d	1	0.96mi
5519 18th St Lubbock, TX	3.0	1.0	1258	$1,200	$0.95	21d	1	0.97mi
5519 18th St Lubbock, TX	3.0	2.0	1258	$1,200	$0.95	43d	1	0.97mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	21d	1	0.98mi
4601 32nd St Lubbock, TX	3.0	1.0	928	$995	$1.07	13d	1	1.00mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	43d	1	1.01mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	43d	1	1.01mi
4430 33rd St Lubbock, TX	3.0	2.0	1402	$1,100	$0.78	43d	1	1.02mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	43d	1	1.02mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	21d	1	1.02mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	21d	1	1.03mi

Listing history 18 events

1. 2026-06-14
   days on market $125,000 Active 38 DOM
2. 2026-06-13
   days on market $125,000 Active 37 DOM
3. 2026-06-10
   days on market $125,000 Active 35 DOM
4. 2026-06-09
   days on market $125,000 Active 34 DOM
5. 2026-06-08
   days on market $125,000 Active 33 DOM
6. 2026-06-07
   days on market $125,000 Active 32 DOM
7. 2026-06-05
   days on market $125,000 Active 29 DOM
8. 2026-06-03
   days on market $125,000 Active 28 DOM
9. 2026-06-02
   days on market $125,000 Active 27 DOM
10. 2026-06-01
    days on market $125,000 Active 26 DOM
11. 2026-05-31
    days on market $125,000 Active 25 DOM
12. 2026-05-30
    days on market $125,000 Active 24 DOM
13. 2026-05-12
    status Pending 218-char remark

    Show marketing remark (218 chars)

    Located near Lubbock Christian University, parks, schools, shopping and restaurants - this is your 3 bed 1.5 bath home with an old school fireplace - HUGE back yard, extra parking and priced to sell. This is your home.

14. 2026-04-20
    listed $125,000 Active 218-char remark

    Show marketing remark (218 chars)

    Located near Lubbock Christian University, parks, schools, shopping and restaurants - this is your 3 bed 1.5 bath home with an old school fireplace - HUGE back yard, extra parking and priced to sell. This is your home.

15. 2018-11-05
    soldstatus
16. 2018-10-31
    soldstatus 322-char remark

    Show marketing remark (322 chars)

    This wonderful home in the west Lubbock neighborhood of Howard & Garlington sits just north of Marsha Sharp and 34th and boasts a large living area with a cozy fireplace, 3 spacious bedrooms, and a huge backyard with a covered patio, storage shed, and plenty of grassy space. Come see this home before it's too late!

17. 2018-06-22
    listed $109,900 322-char remark

    Show marketing remark (322 chars)

    This wonderful home in the west Lubbock neighborhood of Howard & Garlington sits just north of Marsha Sharp and 34th and boasts a large living area with a cozy fireplace, 3 spacious bedrooms, and a huge backyard with a covered patio, storage shed, and plenty of grassy space. Come see this home before it's too late!

18. 1989-10-01
    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: $2,501 · $208/mo
• Projected year-2 tax: $2,501 · $208/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 · 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: $16,373
• − Mortgage interest: −$7,002
• − Property taxes: −$2,501
• − Insurance: −$625
• − Repairs & maintenance: −$1,310
• − Management: −$1,310
• − Depreciation: −$3,636
• Taxable loss: −$11
• Est. tax savings @ 24.0%: +$3
• After-tax cash flow: $1,945/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): 24,000
• Household income: $61,509
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 1914.0

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: White 58% Hispanic / Latino 31% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 5% · Canada, South Korea, China
• Languages at home: 83% English-only · Spanish 13% Other Asian/Pacific 1% 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: ▼ -44.87%
• Current HPI: 229.9895
• Rent YoY: ▼ -0.07%
• 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

+13.7% since first listed

6 events — show timeline

• 2026-05-12 Pending — LARMLS
• 2026-04-20 Listed $125,000 LARMLS
• 2018-11-05 Sold (Public Records) — Public Records
• 2018-10-31 Sold (MLS) — LARMLS
• 2018-06-22 Listed $109,900 LARMLS
• 1989-10-01 Sold (Public Records) — Public Records

Property tax history

+5.6%/yr

Latest (2025): $2,501 · +2.5% YoY. Source: county tax records.