2833 E 53rd St · Lubbock, TX 79404

$84,950

3 bd · 2.0 ba · 1,284 sqft · Other public records · 75 Days on market

Built 1939 1.86 ac lot $66/sqft · 63% above area

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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 MLS

Rare 2-Acre Urban Oasis - Space, Security, & Potential! Discover the ultimate "unicorn" property: nearly 2 acres of private, versatile land situated right inside city limits. This is a rare opportunity for those seeking a secure homesite with room to breathe, a base for a home-based business, or a strategic investment. Maximum Security: The entire perimeter is enclosed by a sturdy chain-link fence, much of it topped with security wire—ideal for protecting high-value equipment or an RV fleet. Ready-to-Use Infrastructure: Features an existing house, carport, and a private well, providing a head start on development or irrigation. Versatile Zoning: Currently zoned "Residential Farm, " offering rural-style freedom in an urban setting. Its prime location suggests significant potential for rezoning to commercial or high-density use. Whether you want to build a massive dream shop, store your Class A motorhome, or start an urban homestead, this "blank canvas" can accommodate it all. Properties with this much acreage and use within the city are a disappearing breed. Don't wait—schedule your private tour today and explore the endless possibilities!

Key facts

• 1.86 acre lot
• 2 parking spots
• Built 1939

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $85k.

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 $85k).
• Recommended offer: $80k (6.0% 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-, 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.
• Zoned schools: Ervin El (math 17% / reading 17%, grade F, #3,836 of 4,322 statewide, top 91%, 405 students, 97% FRL, charter); Dunbar College Preparatory Academy (math 16% / reading 20%, grade F, #1,491 of 1,662 statewide, top 91%, 430 students, 97% FRL, charter); Estacado H S (math 26% / reading 29%, grade F, #1,183 of 1,632 statewide, top 73%, 897 students, 90% FRL) — zoned schools average 95% FRL vs 60% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 21% at this address vs 38% district-wide (-17 pts) — the specific schools serving this property underperform the Lubbock ISD average; the district grade overstates school quality for this exact location.
• Market conditions: 93 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

• In year one you build about $3k of equity ($588 loan paydown + $3k 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 $24k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: flood insurance adds $427/mo; built in 1939 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,853 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.68% ✓
• Cap rate: 14.60%
• Cash-on-cash: 29.68%
• DSCR: 2.32
• GRM: 5.0

CMA / ARV

• ARV (median comp): $52,039
• List price: $84,950
• Delta: 63.24%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 15.8%
• Equity multiple: 1.92×
• Total profit: $21,806
• Equity at exit: $39,270

10-year hold

• IRR: 17.4%
• Equity multiple: 3.62×
• Total profit: $62,304
• Equity at exit: $61,368

Cash invested: $23,786 (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: 93
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,430 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$60 /mo · $723/yr
• Insurance: −$35
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $162

Break-even live

Break-even rent $1,225

Max offer price $84,950

Occupancy floor 84%

Sensitivity live

Price	-10% $210	-5% $186	+0% $162	+5% $138	+10% $114
Rent	-10% $49	-5% $105	+0% $162	+5% $218	+10% $275
Rate	-1.0pp $205	-0.5pp $183	base $162	+0.5pp $140	+1.0pp $117

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: $21,238
• Closing costs: $2,548
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3224 E 63rd St Lubbock, TX	3.0	2.0	1818	$1,513	$0.83	15d	1	1.34mi
2806 E 30th St Lubbock, TX	3.0	1.0	912	$900	$0.99	45d	1	1.45mi

Listing history 19 events

1. 2026-06-16
   status $84,950 Pending 75 DOM
2. 2026-06-16
   days on market $84,950 Active 75 DOM
3. 2026-06-15
   days on market $84,950 Active 74 DOM
4. 2026-06-14
   days on market $84,950 Active 72 DOM
5. 2026-06-13
   days on market $84,950 Active 71 DOM
6. 2026-06-10
   days on market $84,950 Active 69 DOM
7. 2026-06-09
   days on market $84,950 Active 68 DOM
8. 2026-06-08
   days on market $84,950 Active 67 DOM
9. 2026-06-07
   days on market $84,950 Active 66 DOM
10. 2026-06-05
    days on market $84,950 Active 63 DOM
11. 2026-06-03
    days on market $84,950 Active 62 DOM
12. 2026-06-02
    days on market $84,950 Active 61 DOM
13. 2026-06-01
    days on market $84,950 Active 60 DOM
14. 2026-05-31
    days on market $84,950 Active 59 DOM
15. 2026-05-30
    days on market $84,950 Active 58 DOM
16. 2026-04-28
    status Active 1203-char remark

    Show marketing remark (1203 chars)

    Rare 2-Acre Urban Oasis - Space, Security, & Potential! Discover the ultimate "unicorn" property: nearly 2 acres of private, versatile land situated right inside city limits. This is a rare opportunity for those seeking a secure homesite with room to breathe, a base for a home-based business, or a strategic investment. Maximum Security: The entire perimeter is enclosed by a sturdy chain-link fence, much of it topped with security wire—ideal for protecting high-value equipment or an RV fleet. Ready-to-Use Infrastructure: Features an existing house, carport, and a private well, providing a head start on development or irrigation. Versatile Zoning: Currently zoned "Residential Farm, " offering rural-style freedom in an urban setting. Its prime location suggests significant potential for rezoning to commercial or high-density use. Whether you want to build a massive dream shop, store your Class A motorhome, or start an urban homestead, this "blank canvas" can accommodate it all. Properties with this much acreage and use within the city are a disappearing breed. Don't wait—schedule your private tour today and explore the endless possibilities!

17. 2026-04-27
    historical 1203-char remark

    Show marketing remark (1203 chars)

    Rare 2-Acre Urban Oasis - Space, Security, & Potential! Discover the ultimate "unicorn" property: nearly 2 acres of private, versatile land situated right inside city limits. This is a rare opportunity for those seeking a secure homesite with room to breathe, a base for a home-based business, or a strategic investment. Maximum Security: The entire perimeter is enclosed by a sturdy chain-link fence, much of it topped with security wire—ideal for protecting high-value equipment or an RV fleet. Ready-to-Use Infrastructure: Features an existing house, carport, and a private well, providing a head start on development or irrigation. Versatile Zoning: Currently zoned "Residential Farm, " offering rural-style freedom in an urban setting. Its prime location suggests significant potential for rezoning to commercial or high-density use. Whether you want to build a massive dream shop, store your Class A motorhome, or start an urban homestead, this "blank canvas" can accommodate it all. Properties with this much acreage and use within the city are a disappearing breed. Don't wait—schedule your private tour today and explore the endless possibilities!

18. 2026-04-01
    listed $84,950 Active 1203-char remark

    Show marketing remark (1203 chars)

    Rare 2-Acre Urban Oasis - Space, Security, & Potential! Discover the ultimate "unicorn" property: nearly 2 acres of private, versatile land situated right inside city limits. This is a rare opportunity for those seeking a secure homesite with room to breathe, a base for a home-based business, or a strategic investment. Maximum Security: The entire perimeter is enclosed by a sturdy chain-link fence, much of it topped with security wire—ideal for protecting high-value equipment or an RV fleet. Ready-to-Use Infrastructure: Features an existing house, carport, and a private well, providing a head start on development or irrigation. Versatile Zoning: Currently zoned "Residential Farm, " offering rural-style freedom in an urban setting. Its prime location suggests significant potential for rezoning to commercial or high-density use. Whether you want to build a massive dream shop, store your Class A motorhome, or start an urban homestead, this "blank canvas" can accommodate it all. Properties with this much acreage and use within the city are a disappearing breed. Don't wait—schedule your private tour today and explore the endless possibilities!

19. 1995-06-01
    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: $723 · $60/mo
• Projected year-2 tax: $1,555 · $130/mo
• Expected delta: +$832/yr (+$69/mo · 115.0%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AE · 61% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,157
• − Mortgage interest: −$4,759
• − Property taxes: −$723
• − Insurance: −$5,543
• − Repairs & maintenance: −$1,373
• − Management: −$1,373
• − Depreciation: −$2,471
• Taxable income: $916
• Est. tax owed @ 24.0%: −$220
• After-tax cash flow: $1,722/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

4 events — show timeline

• 2026-04-28 Relisted — LARMLS
• 2026-04-27 Delisted — LARMLS
• 2026-04-01 Listed $84,950 LARMLS
• 1995-06-01 Sold (Public Records) — Public Records

Property tax history

+4.0%/yr

Latest (2025): $723 · -2.6% YoY. Source: county tax records.