614 39th St · Lubbock, TX 79404

$35,000

3 bd · 1.0 ba · 1,045 sqft · SingleFamily public records · 42 Days on market

Built 1952 7,475 sqft lot $33/sqft · 69% below area ↓ 29% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to 614 39th St — a great opportunity for investors or buyers looking to step into a property with upside and minimal work needed. This home is currently vacant and ready for its next chapter. With a newer roof and fresh interior paint already completed, much of the heavy lifting has been done. Only light repairs and finishing touches are needed to bring it up to full market standard—making this an ideal project for those wanting a quick turnaround without a full renovation. Once ready, the property has a projected market rent of approximately $750/month, offering solid cash flow potential in a rental area known for consistent demand. Even more compelling, it's priced at

Key facts

• 7,475 sq ft lot
• Built 1952
• Listed 42 days

Property features AI

Finance

• Other: Lot size approximately 0.17 acres
• Financial info: Tax annual amount available

Exterior

• Parking: Driveway
• Utilities: Paved public road access; City street frontage
• Home design: Single-family residence; Residential property; Fixer condition
• Construction: Unknown construction materials; Pillar/post/pier foundation; Composition roof; Built area above grade: 1,045
• Exterior features: None noted; Other exterior features

Interior

• Kitchen: Other appliances
• Bathrooms: 1 full bathroom
• Heating & cooling: Has heating (other type); Has cooling (other type)
• Interior features: Other interior features

🏷️ Possibly a rental listed for sale. The $35,000 price doesn't fit this home's estimated sale value (~$113,766) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $506 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $34k (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: 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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

• In year one you build about $1k of equity ($242 loan paydown + $1k appreciation (3.2% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1952 — 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 $33,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.91% ✓
• Cap rate: 23.65%
• Cash-on-cash: 62.00%
• DSCR: 3.76
• GRM: 2.9

CMA / ARV

• ARV (median comp): $113,766
• List price: $35,000
• Delta: -69.24%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 49th St	0.66mi	3/2.0	1,114 (+7%)	2mo	$99,900	$90	53
1218 48th St	0.66mi	2/1.0 (-1)	1,040 (-0%)	13mo	$139,000	$134	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.22% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 67.1%
• Equity multiple: 4.77×
• Total profit: $36,928
• Equity at exit: $16,180

10-year hold

• IRR: 66.4%
• Equity multiple: 9.76×
• Total profit: $85,831
• Equity at exit: $25,284

Cash invested: $9,800 (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 79404

• Home prices YoY: 2.0%
• Active inventory: 91
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,018 high
• Mortgage (P&I): −$184
• Tax from tax record: −$100 /mo · $1,198/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $506

Break-even live

Break-even rent $377

Max offer price $35,000

Occupancy floor 45%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	14d	1	0.05mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	44d	1	0.12mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	14d	1	0.21mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	21d	1	0.22mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	14d	1	0.23mi
211 36th St Unit B Lubbock, TX	3.0	1.0	750	$775	$1.03	44d	1	0.32mi
209 36th St Unit A Lubbock, TX	3.0	1.0	750	$750	$1.00	44d	1	0.33mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	14d	1	0.35mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	14d	1	0.40mi
1204 36th St Unit b Lubbock, TX	3.0	2.0	872	$835	$0.96	14d	1	0.40mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	14d	1	0.41mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	14d	1	0.41mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	14d	1	0.44mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	21d	1	0.48mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	44d	1	0.48mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	14d	1	0.51mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	21d	1	0.53mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	21d	1	0.53mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	21d	1	0.54mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	21d	1	0.57mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	21d	1	0.57mi
505 E 37th St Lubbock, TX	3.0	1.0	960	$1,125	$1.17	14d	1	0.66mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	21d	1	0.71mi
313 52nd St Lubbock, TX	4.0	1.0	1044	$975	$0.93	21d	1	0.88mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	21d	1	0.88mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	21d	1	0.89mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	14d	1	0.91mi
1313 25th St Lubbock, TX	2.0	1.0	780	$875	$1.12	44d	1	0.96mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	21d	1	0.98mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	0.99mi
1610 28th St Unit A Lubbock, TX	2.0	2.0	1060	$750	$0.71	14d	1	1.00mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	44d	1	1.01mi
1609 27th St Lubbock, TX	2.0	1.0	862	$900	$1.04	44d	1	1.02mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	21d	1	1.02mi
2603 Elm Ave Lubbock, TX	3.0	2.0	1214	$1,175	$0.97	44d	1	1.03mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	14d	1	1.04mi
1920 44th St Lubbock, TX	4.0	2.0	1391	$795	$0.57	21d	1	1.05mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	21d	1	1.07mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	44d	1	1.08mi
2011 35th St Lubbock, TX	2.0	1.0	810	$800	$0.99	44d	1	1.09mi

Listing history 21 events

1. 2026-06-16
   status $35,000 Pending 42 DOM
2. 2026-06-16
   days on market $35,000 Active 42 DOM
3. 2026-06-15
   days on market $35,000 Active 41 DOM
4. 2026-06-14
   days on market $35,000 Active 39 DOM
5. 2026-06-13
   days on market $35,000 Active 38 DOM
6. 2026-06-10
   days on market $35,000 Active 36 DOM
7. 2026-06-09
   days on market $35,000 Active 35 DOM
8. 2026-06-08
   days on market $35,000 Active 34 DOM
9. 2026-06-07
   days on market $35,000 Active 33 DOM
10. 2026-06-05
    days on market $35,000 Active 30 DOM
11. 2026-06-03
    days on market $35,000 Active 29 DOM
12. 2026-06-03
    price $35,000 Active 28 DOM
13. 2026-06-02
    days on market $49,500 Active 28 DOM
14. 2026-06-01
    days on market $49,500 Active 27 DOM
15. 2026-05-31
    days on market $49,500 Active 26 DOM
16. 2026-05-30
    days on market $49,500 Active 25 DOM
17. 2026-05-05
    listed $49,500 Active 1169-char remark
18. 2025-12-02
    price $49,000
19. 2011-06-02
    soldstatus
20. 2009-04-29
    soldstatus
21. 2004-12-01
    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: $1,198 · $100/mo
• Projected year-2 tax: $1,198 · $100/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 ≥100°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: $12,216
• − Mortgage interest: −$1,961
• − Property taxes: −$1,198
• − Insurance: −$175
• − Repairs & maintenance: −$977
• − Management: −$977
• − Depreciation: −$1,018
• Taxable income: $5,910
• Est. tax owed @ 24.0%: −$1,418
• After-tax cash flow: $4,657/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): 8,529
• Household income: $51,630
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 366.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 55% Black 22% White 20% Two or more races 17% Native American 2%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Romanian 1% Lithuanian 0%
• Foreign-born: 5% · Canada
• Languages at home: 64% English-only · Spanish 36%

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: ▲ 3.22%
• Current HPI: 163.854
• 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

-28.6% since first listed

7 events — show timeline

• 2026-06-16 Pending — LARMLS
• 2026-06-02 Price Changed $35,000 LARMLS
• 2026-05-05 Listed $49,500 LARMLS
• 2025-12-02 Price Changed $49,000 LARMLS
• 2011-06-02 Sold (Public Records) — Public Records
• 2009-04-29 Sold (Public Records) — Public Records
• 2004-12-01 Sold (Public Records) — Public Records

Property tax history

+6.8%/yr

Latest (2025): $1,198 · +15.7% YoY. Source: county tax records.