5506 Smith St · Lubbock, TX 79416

$147,000

1 bd · 1.0 ba · 700 sqft · SingleFamily · 71 Days on market

Built 2026 Good condition 4,400 sqft lot ↓ 8% since listing

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Why this score? — see what drove the D- 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 +11.1/30.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• Rent growth +3.1/5.0
• Schools +3.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

Key facts

• 4,400 sq ft lot
• Built 2026
• Listed 71 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $147k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-59 ($-703/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (17.6% below list).
• Recommended offer: $121k (17.6% below list) — sets the bar for 1% rule.

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 (+2.2%/yr); 464 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $1k 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 71 days — a 6% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $12k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $121,181 (17.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.82% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.71%
• DSCR: 0.92
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.31×
• Total profit: $-28,487
• Equity at exit: $21,918

10-year hold

• IRR: -14.7%
• Equity multiple: 0.19×
• Total profit: $-33,394
• Equity at exit: $12,710

Cash invested: $41,160 (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 79416

• Home prices YoY: -20.0%
• Rents YoY: 2.2%
• Active inventory: 464
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,212 medium
• Mortgage (P&I): −$771
• Tax est. 1.5%: −$184 /mo · $2,205/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-59

Break-even live

Break-even rent $1,286

Max offer price $138,527

Occupancy floor 100%

Sensitivity live

Price	-10% $43	-5% $-8	+0% $-59	+5% $-109	+10% $-160
Rent	-10% $-154	-5% $-106	+0% $-59	+5% $-11	+10% $37
Rate	-1.0pp $15	-0.5pp $-21	base $-59	+0.5pp $-97	+1.0pp $-135

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: $36,750
• Closing costs: $4,410
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3705 Clovis Frd Unit 405D Lubbock, TX	1.0	1.0	744	$1,600	$2.15	14d	1	1.10mi
4512 Lehigh St Lubbock, TX	2.0	1.0	720	$800	$1.11	44d	1	1.39mi

Listing history 8 events

1. 2026-05-12
   status Pending 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

2. 2026-05-11
   price $147,000 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

3. 2026-03-27
   status Active 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

4. 2026-03-17
   status Pending 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

5. 2026-02-25
   status Active 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

6. 2026-02-11
   status Pending 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

7. 2026-02-09
   price $149,000 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

8. 2026-02-06
   listed $159,000 Active 688-char remark

   Show marketing remark (688 chars)

   Buy NOW and get up to $6,000 Use-It-Your-Way Cash! This charming home features a classic brick and vinyl exterior with a welcoming covered entryway. Inside, vinyl flooring flows throughout the open-concept living and kitchen areas, creating a bright and functional space for everyday living. The kitchen is complete with granite countertops, wood-painted cabinetry, stainless steel appliances, and a pantry for added storage. The bedroom offers a spacious walk-in closet, while the bathroom includes premium fixtures and modern finishes. Thoughtfully designed for comfort and efficiency, this home also includes a 5x8 storage shed in the backyard for extra convenience and storage space.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $14,542
• − Mortgage interest: −$8,234
• − Property taxes: −$2,205
• − Insurance: −$735
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$4,276
• Taxable loss: −$3,236
• Est. tax savings @ 24.0%: +$777
• After-tax cash flow: $74/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

Good 80/100 None rehab

This charming single-family home is in excellent condition with a good condition score of 80. It features a classic brick and vinyl exterior, vinyl flooring throughout, and modern finishes. The home is move-in ready and would benefit from some exterior painting and window treatments to enhance its curb appeal and home staging.

Value-add opportunities

• Resale Paint exterior brick — Enhances curb appeal
• Resale Replace window treatments — Improves home staging
• Rental Install smart home devices — Attracts tech-savvy renters

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior brick — Enhances curb appeal ↑
• Resale Replace window treatments — Improves home staging ↑
• Rental Install smart home devices — Attracts tech-savvy renters ↑

ⓘ 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: 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): 36,442
• Household income: $63,896
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 2214.0

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 0.62)
• Race & ethnicity: White 49% Hispanic / Latino 35% Two or more races 14% Black 9% Asian 3%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Slovak 3% Italian 1% Serbian 1%
• Foreign-born: 7% · Canada, China, South Korea
• Languages at home: 81% English-only · Spanish 13% Chinese 1% Tagalog/Filipino 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: ▼ -56.94%
• Current HPI: 227.7841
• Rent YoY: ▲ 2.21%
• 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

-7.5% since first listed

8 events — show timeline

• 2026-05-12 Pending — LARMLS
• 2026-05-11 Price Changed $147,000 LARMLS
• 2026-03-27 Relisted — LARMLS
• 2026-03-17 Pending — LARMLS
• 2026-02-25 Relisted — LARMLS
• 2026-02-11 Pending — LARMLS
• 2026-02-09 Price Changed $149,000 LARMLS
• 2026-02-06 Listed $159,000 LARMLS