5001 36th St · Lubbock, TX 79414

$145,000

4 bd · 2.0 ba · 1,773 sqft · SingleFamily public records · 75 Days on market

Built 1932 0.32 ac lot $82/sqft · 16% below area Est $172k · 16% under

---

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 +21.4/30.0
• ARV discount +14.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.4/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 units on one lot! This property has a main home, and a side unit that is are both currently rented and producing. Main unit is rented at $950 and the side unit is rented for $675. The main structure just got an interior remodel and exterior paint on the entire structure, new trim and porch added for curb appeal. This unit has been an easy rent for 4 years and is ready for its next Owner. If you've been interested in getting into real estate investing, this one will cash flow immediately and helps diversify risk with 2 units. Take a look at this one ASAP!

Key facts

• Exterior paint
• Interior remodel
• New porch

Tags

• INTERIOR REMODEL
• EXTERIOR PAINT
• NEW TRIM
• NEW PORCH
• TWO UNITS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $214 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (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-, 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 flat; 89 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); 40% 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).
• This rent runs 37% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 75 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y 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 1932 — 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 $136,300 (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 1932 — 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: 1.04% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.34%
• DSCR: 1.28
• GRM: 8.0

CMA / ARV

• ARV (median comp): $171,805
• List price: $145,000
• Delta: -15.60%
• Verdict: UNDERPRICED
• Comps: 5 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.67×
• Total profit: $-13,434
• Equity at exit: $21,620

10-year hold

• IRR: -3.4%
• Equity multiple: 0.80×
• Total profit: $-8,165
• Equity at exit: $12,537

Cash invested: $40,600 (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 79414

• Home prices YoY: -27.8%
• Rents YoY: 0.6%
• Active inventory: 89
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,503 high
• Mortgage (P&I): −$760
• Tax from tax record: −$152 /mo · $1,823/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $214

Break-even live

Break-even rent $1,231

Max offer price $145,000

Occupancy floor 81%

Sensitivity live

Price	-10% $297	-5% $256	+0% $214	+5% $173	+10% $132
Rent	-10% $96	-5% $155	+0% $214	+5% $274	+10% $333
Rate	-1.0pp $287	-0.5pp $251	base $214	+0.5pp $177	+1.0pp $139

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	14d	1	0.08mi
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.16mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	22d	1	0.16mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	22d	1	0.23mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	14d	1	0.27mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	22d	1	0.44mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	22d	1	0.46mi
5318 39th St Lubbock, TX	3.0	2.0	1736	$1,375	$0.79	14d	1	0.47mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	22d	1	0.47mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	44d	1	0.48mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	44d	1	0.50mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	44d	1	0.51mi
4702 31st St Lubbock, TX	3.0	2.0	1600	$1,450	$0.91	44d	1	0.52mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	44d	1	0.57mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	14d	1	0.58mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	44d	1	0.58mi
4430 33rd St Lubbock, TX	3.0	2.0	1402	$1,100	$0.78	44d	1	0.60mi
4428 33rd St Lubbock, TX	3.0	1.5	1685	$1,375	$0.82	44d	1	0.62mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	44d	1	0.62mi
5406 36th St Lubbock, TX	3.0	2.0	1400	$695	$0.50	44d	1	0.68mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	22d	1	0.70mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	22d	1	0.70mi
2409 Utica Ave Lubbock, TX	3.0	1.5	1693	$1,400	$0.83	22d	1	0.72mi
5416 36th St Lubbock, TX	3.0	2.0	1375	$1,295	$0.94	44d	1	0.75mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	22d	1	0.78mi
4423 27th St Lubbock, TX	3.0	2.0	1268	$1,600	$1.26	22d	1	0.84mi
5604 38th St Lubbock, TX	3.0	2.0	1442	$1,400	$0.97	22d	1	0.84mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,368	$1.27	14d	9	0.84mi
4315 41st St Lubbock, TX	3.0	2.0	1558	$1,450	$0.93	22d	1	0.85mi
4310 42nd St Lubbock, TX	3.0	2.0	1754	$1,700	$0.97	44d	1	0.89mi
3705 Elkhart Ave Lubbock, TX	4.0	2.0	1507	$1,650	$1.09	22d	1	0.94mi
4211 41st St Lubbock, TX	4.0	2.0	1960	$1,599	$0.82	44d	1	0.97mi
5011 52nd St Lubbock, TX	3.0	2.0	1292	$1,500	$1.16	22d	1	0.99mi
5440 48th St Lubbock, TX	4.0	3.0	1720	$1,750	$1.02	14d	1	1.02mi
4103 30th St Lubbock, TX	3.0	1.0	1323	$1,250	$0.94	44d	1	1.05mi
5401 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1018	$1,099	$1.08	14d	11	1.07mi
5117 Albany Ave Lubbock, TX	3.0	2.0	1558	$1,500	$0.96	44d	1	1.07mi
5724 36th St Lubbock, TX	4.0	2.0	1696	$1,600	$0.94	44d	1	1.12mi
3812 36th St Unit A Lubbock, TX	3.0	2.0	1458	$1,500	$1.03	22d	1	1.16mi
5702 50th St Lubbock, TX	1.0–3.0	1.0–2.0	809	$1,069	$1.32	14d	27	1.22mi

Listing history 39 events

1. 2026-06-18
   days on market $145,000 Active 75 DOM
2. 2026-06-17
   days on market $145,000 Active 74 DOM
3. 2026-06-16
   days on market $145,000 Active 73 DOM
4. 2026-06-15
   days on market $145,000 Active 72 DOM
5. 2026-06-14
   days on market $145,000 Active 70 DOM
6. 2026-06-13
   days on market $145,000 Active 69 DOM
7. 2026-06-10
   days on market $145,000 Active 67 DOM
8. 2026-06-09
   days on market $145,000 Active 66 DOM
9. 2026-06-08
   days on market $145,000 Active 65 DOM
10. 2026-06-07
    days on market $145,000 Active 64 DOM
11. 2026-06-05
    days on market $145,000 Active 61 DOM
12. 2026-06-03
    days on market $145,000 Active 60 DOM
13. 2026-06-02
    days on market $145,000 Active 59 DOM
14. 2026-06-01
    days on market $145,000 Active 58 DOM
15. 2026-05-31
    days on market $145,000 Active 57 DOM
16. 2026-05-30
    days on market $145,000 Active 56 DOM
17. 2026-04-18
    price $145,000 562-char remark

    Show marketing remark (562 chars)

    2 units on one lot! This property has a main home, and a side unit that is are both currently rented and producing. Main unit is rented at $950 and the side unit is rented for $675. The main structure just got an interior remodel and exterior paint on the entire structure, new trim and porch added for curb appeal. This unit has been an easy rent for 4 years and is ready for its next Owner. If you've been interested in getting into real estate investing, this one will cash flow immediately and helps diversify risk with 2 units. Take a look at this one ASAP!

18. 2026-04-04
    listed $150,000 Active 562-char remark

    Show marketing remark (562 chars)

    2 units on one lot! This property has a main home, and a side unit that is are both currently rented and producing. Main unit is rented at $950 and the side unit is rented for $675. The main structure just got an interior remodel and exterior paint on the entire structure, new trim and porch added for curb appeal. This unit has been an easy rent for 4 years and is ready for its next Owner. If you've been interested in getting into real estate investing, this one will cash flow immediately and helps diversify risk with 2 units. Take a look at this one ASAP!

19. 2025-05-12
    price $145,000
20. 2024-10-02
    price $149,000
21. 2024-07-08
    price $150,000
22. 2024-05-31
    price $155,000
23. 2024-04-08
    price $169,900
24. 2023-10-07
    price $145,000
25. 2023-04-07
    price $150,000
26. 2023-03-20
    price $145,000
27. 2023-02-03
    price $150,000
28. 2023-01-05
    price $160,000
29. 2022-12-12
    price $165,000
30. 2022-09-12
    soldstatus
31. 2022-09-07
    soldstatus Closed
32. 2022-07-28
    status Pending
33. 2022-07-26
    listed $130,000 Active
34. 2017-08-22
    soldstatus
35. 2017-07-31
    soldstatus
36. 2016-10-28
    listed $60,000
37. 2015-12-15
    soldstatus
38. 2001-08-27
    soldstatus
39. 1988-05-01
    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: $1,823 · $152/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$831/yr (+$69/mo · 45.6%)

ⓘ 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: $18,033
• − Mortgage interest: −$8,122
• − Property taxes: −$1,823
• − Insurance: −$725
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$4,218
• Taxable income: $259
• Est. tax owed @ 24.0%: −$62
• After-tax cash flow: $2,511/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): 17,596
• Household income: $49,057
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 1330.0

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 47% Hispanic / Latino 39% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 82% English-only · Spanish 16%

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: ▼ -95.31%
• Current HPI: 247.7963
• Rent YoY: ▲ 0.56%
• 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

+141.7% since first listed

23 events — show timeline

• 2026-04-18 Price Changed $145,000 LARMLS
• 2026-04-04 Listed $150,000 LARMLS
• 2025-05-12 Price Changed $145,000 LARMLS
• 2024-10-02 Price Changed $149,000 LARMLS
• 2024-07-08 Price Changed $150,000 LARMLS
• 2024-05-31 Price Changed $155,000 LARMLS
• 2024-04-08 Price Changed $169,900 LARMLS
• 2023-10-07 Price Changed $145,000 LARMLS
• 2023-04-07 Price Changed $150,000 LARMLS
• 2023-03-20 Price Changed $145,000 LARMLS
• 2023-02-03 Price Changed $150,000 LARMLS
• 2023-01-05 Price Changed $160,000 LARMLS
• 2022-12-12 Price Changed $165,000 LARMLS
• 2022-09-12 Sold (Public Records) — Public Records
• 2022-09-07 Sold (MLS) — LARMLS
• 2022-07-28 Pending — LARMLS
• 2022-07-26 Listed $130,000 LARMLS
• 2017-08-22 Sold (Public Records) — Public Records
• 2017-07-31 Sold (MLS) — LARMLS
• 2016-10-28 Listed $60,000 LARMLS
• 2015-12-15 Sold (Public Records) — Public Records
• 2001-08-27 Sold (Public Records) — Public Records
• 1988-05-01 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,823 · -31.9% YoY. Source: county tax records.