1705 Avenue S · Lubbock, TX 79401

$59,000

2 bd · 1.0 ba · 725 sqft · SingleFamily public records · 131 Days on market

Built 1940 8,113 sqft lot $81/sqft · 20% above area Est $49k · 20% over ↓ 21% 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 +27.1/30.0
• DSCR +9.4/10.0
• Appreciation +8.4/10.0
• 1% rule +8.0/10.0
• Rent growth +4.6/5.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Perfect for a first time homebuyer or an investor wanting to add to their portfolio. Renovations include brand NEW roof, vinyl plank flooring and fresh paint throughout, reglazed bathtub, and new vanity. Minutes from Texas Tech, and Depot District. Come check it out today!

Key facts

• Depot district
• New vanity
• New paint

Tags

• VINYL PLANK FLOORING
• NEW PAINT
• REGLAZED BATHTUB
• NEW VANITY
• MINUTES FROM TEXAS TECH
• DEPOT DISTRICT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $167 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($769 rent vs $59k).
• Recommended offer: $52k (12.0% 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 fast (+8.3%/yr); 33 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; lower-income renter base — watch delinquency; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 34% of the median local income ($27k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $4k of equity ($408 loan paydown + $4k appreciation (6.7% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (6.7% appreciation + 8.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 1.30% ✓
• Cap rate: 9.70%
• Cash-on-cash: 12.16%
• DSCR: 1.54
• GRM: 6.4

CMA / ARV

• ARV (median comp): $49,077
• List price: $59,000
• Delta: 20.22%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

6.7% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 29.8%
• Equity multiple: 3.08×
• Total profit: $34,286
• Equity at exit: $39,744

10-year hold

• IRR: 29.6%
• Equity multiple: 7.18×
• Total profit: $102,101
• Equity at exit: $74,485

Cash invested: $16,520 (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 79401

• Home prices YoY: 3.0%
• Rents YoY: 8.3%
• Active inventory: 33
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $769 high
• Mortgage (P&I): −$309
• Tax from tax record: −$106 /mo · $1,275/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$162
• Net cashflow: $167

Break-even live

Break-even rent $557

Max offer price $59,000

Occupancy floor 73%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1710 Avenue R Unit MR2 206 Lubbock, TX	1.0	1.0	580	$600	$1.03	43d	1	0.02mi
1914 20th St Lubbock, TX	1.0	1.0	750	$499	$0.67	13d	1	0.17mi
2010 Avenue S Lubbock, TX	1.0	1.0	625	$599	$0.96	13d	1	0.21mi
1911 21st St Unit B Lubbock, TX	2.0	1.0	714	$750	$1.05	43d	1	0.25mi
1915 Avenue O Unit O Lubbock, TX	2.0	1.0	732	$750	$1.02	43d	1	0.31mi
1913 13th St Unit REAR Lubbock, TX	1.0	1.0	743	$700	$0.94	43d	1	0.31mi
1909 23rd St Lubbock, TX	1.0	1.0	500	$600	$1.20	43d	1	0.39mi
1805 Avenue V Unit V Lubbock, TX	2.0	1.0	558	$599	$1.07	21d	1	0.40mi
2117 15th St Unit C Lubbock, TX	1.0	1.0	600	$575	$0.96	21d	1	0.41mi
2202 15th St Unit 5 Lubbock, TX	1.0	1.0	600	$600	$1.00	43d	1	0.47mi
2211 17th St Unit A Lubbock, TX	1.0	1.0	675	$675	$1.00	13d	1	0.47mi
1604 W AVE Unit 8 Lubbock, TX	1.0	1.0	700	$699	$1.00	43d	1	0.48mi
1604 W AVE Unit 5 Lubbock, TX	1.0	1.0	700	$699	$1.00	43d	1	0.48mi
2510 Avenue T Lubbock, TX	1.0	1.0	500	$935	$1.87	43d	1	0.55mi
2604 S 2604 Ave S A Unit 2604 Lubbock, TX	1.0	1.0	572	$625	$1.09	43d	1	0.57mi
1917 26th St Unit B Lubbock, TX	1.0	1.0	550	$725	$1.32	21d	1	0.57mi
1917 26th St Unit B Lubbock, TX	1.0	1.0	550	$735	$1.34	43d	1	0.57mi
1710 9th St Unit 29 Lubbock, TX	2.0	1.0	700	$1,000	$1.43	13d	1	0.60mi
1220 Broadway St Lubbock, TX	1.0–2.0	1.0–2.0	932	$1,500	$1.61	13d	7	0.61mi
1220 Broadway St Unit 2001 Lubbock, TX	1.0	1.0	725	$1,350	$1.86	44d	1	0.61mi
2205 25th St Lubbock, TX	1.0	1.0	440	$650	$1.48	21d	1	0.62mi
1925 27th St Lubbock, TX	1.0	1.0	392	$550	$1.40	13d	1	0.64mi
2324 14th St Unit Rear B Lubbock, TX	1.0	1.0	568	$575	$1.01	43d	1	0.70mi
1202 Main St Lubbock, TX	3.0	1.0–2.0	919	$1,341	$1.46	13d	13	0.71mi
1608 29th St Unit A Lubbock, TX	1.0	1.0	505	$595	$1.18	13d	1	0.75mi
1608 29th St Unit B Lubbock, TX	2.0	1.5	694	$750	$1.08	13d	1	0.75mi
1608 29th St Unit C Lubbock, TX	1.0	1.0	680	$650	$0.96	43d	1	0.75mi
2323 25th St Unit Rear Lubbock, TX	1.0	1.0	475	$650	$1.37	43d	1	0.76mi
2305 27th St Lubbock, TX	1.0	1.0	516	$625	$1.21	21d	1	0.81mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	21d	1	0.97mi
1707 32nd St Lubbock, TX	1.0	1.0	400	$575	$1.44	43d	1	0.97mi
2320 30th St Lubbock, TX	1.0	1.0	480	$625	$1.30	13d	1	0.99mi
2422 29th St Unit REAR Lubbock, TX	1.0	1.0	480	$600	$1.25	21d	1	1.02mi
2118 33rd St Unit B Lubbock, TX	1.0	1.0	676	$550	$0.81	21d	1	1.04mi
226 S AVE Unit C Lubbock, TX	1.0	1.0	665	$525	$0.79	43d	1	1.06mi
301 Avenue U Lubbock, TX	1.0–2.0	1.0	625	$875	$1.40	13d	4	1.07mi
2308 33rd St Lubbock, TX	1.0	1.0	696	$850	$1.22	43d	1	1.11mi
218 Avenue U Unit A Lubbock, TX	1.0	1.0	665	$525	$0.79	13d	1	1.13mi
124 Temple Ave Lubbock, TX	1.0	1.0	600	$650	$1.08	43d	1	1.21mi
124 Temple Ave Lubbock, TX	1.0	1.0	600	$600	$1.00	21d	1	1.21mi

Listing history 22 events

1. 2026-06-18
   days on market $59,000 Active 131 DOM
2. 2026-06-17
   days on market $59,000 Active 130 DOM
3. 2026-06-16
   days on market $59,000 Active 129 DOM
4. 2026-06-15
   days on market $59,000 Active 128 DOM
5. 2026-06-14
   days on market $59,000 Active 126 DOM
6. 2026-06-13
   days on market $59,000 Active 125 DOM
7. 2026-06-10
   days on market $59,000 Active 123 DOM
8. 2026-06-09
   days on market $59,000 Active 122 DOM
9. 2026-06-08
   days on market $59,000 Active 121 DOM
10. 2026-06-07
    days on market $59,000 Active 120 DOM
11. 2026-06-05
    days on market $59,000 Active 117 DOM
12. 2026-06-03
    days on market $59,000 Active 116 DOM
13. 2026-06-02
    days on market $59,000 Active 115 DOM
14. 2026-06-01
    days on market $59,000 Active 114 DOM
15. 2026-05-31
    days on market $59,000 Active 113 DOM
16. 2026-05-30
    days on market $59,000 Active 112 DOM
17. 2026-05-05
    price $59,000 273-char remark

    Show marketing remark (273 chars)

    Perfect for a first time homebuyer or an investor wanting to add to their portfolio. Renovations include brand NEW roof, vinyl plank flooring and fresh paint throughout, reglazed bathtub, and new vanity. Minutes from Texas Tech, and Depot District. Come check it out today!

18. 2026-04-10
    price $69,000 273-char remark

    Show marketing remark (273 chars)

    Perfect for a first time homebuyer or an investor wanting to add to their portfolio. Renovations include brand NEW roof, vinyl plank flooring and fresh paint throughout, reglazed bathtub, and new vanity. Minutes from Texas Tech, and Depot District. Come check it out today!

19. 2026-03-12
    price $69,900 273-char remark

    Show marketing remark (273 chars)

    Perfect for a first time homebuyer or an investor wanting to add to their portfolio. Renovations include brand NEW roof, vinyl plank flooring and fresh paint throughout, reglazed bathtub, and new vanity. Minutes from Texas Tech, and Depot District. Come check it out today!

20. 2026-02-08
    listed $75,000 Active 273-char remark

    Show marketing remark (273 chars)

    Perfect for a first time homebuyer or an investor wanting to add to their portfolio. Renovations include brand NEW roof, vinyl plank flooring and fresh paint throughout, reglazed bathtub, and new vanity. Minutes from Texas Tech, and Depot District. Come check it out today!

21. 2025-10-15
    soldstatus
22. 1986-03-01
    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: $1,275 · $106/mo
• Projected year-2 tax: $1,275 · $106/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 · 22 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: $9,230
• − Mortgage interest: −$3,305
• − Property taxes: −$1,275
• − Insurance: −$295
• − Repairs & maintenance: −$738
• − Management: −$738
• − Depreciation: −$1,716
• Taxable income: $1,162
• Est. tax owed @ 24.0%: −$279
• After-tax cash flow: $1,730/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): 8,741
• Household income: $26,980
• Rent vs Own: 91.1% rent · 8.9% own
• Severe rent burden: 1389.0

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 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 37% Two or more races 14% Black 8% Asian 5%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Lithuanian 3% Romanian 1% Iranian 1%
• Foreign-born: 11% · Canada, South Korea, Jamaica
• Languages at home: 73% English-only · Spanish 20% Other Indo-European 3% Korean 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: ▲ 6.70%
• Current HPI: 233.4915
• Rent YoY: ▲ 8.31%
• 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

-21.3% since first listed

6 events — show timeline

• 2026-05-05 Price Changed $59,000 LARMLS
• 2026-04-10 Price Changed $69,000 LARMLS
• 2026-03-12 Price Changed $69,900 LARMLS
• 2026-02-08 Listed $75,000 LARMLS
• 2025-10-15 Sold (Public Records) — Public Records
• 1986-03-01 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,275 · +7.2% YoY. Source: county tax records.