1515 36th St · Lubbock, TX 79412

$99,999

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 43 Days on market

Built 1952 7,950 sqft lot

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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 +16.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move in Ready & Rent ready! This great 2 bed / 1 bath home is ready for you! Whether you are a first time homebuyer, looking to downsize or invest for rental property, this adorable home is READY! Fully Remodeled in 2020. New Windows and doors. Updated and spacious kitchen. Hard floors throughout. The bathroom features a walk in shower and double vanity. Laundry room is just off the primary bedroom. Extra large carport for covered parking. Also in the backyard is a storm cellar. * Storage Shed does not convey *

Key facts

• Double vanity
• Fully remodeled
• Laundry room

Tags

• FULLY REMODELED
• NEW WINDOWS
• UPDATED KITCHEN
• WALK IN SHOWER
• DOUBLE VANITY
• LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $62 ($745/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $94k (5.7% below list).
• Recommended offer: $94k (5.7% 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-, 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: Centennial El (math 38% / reading 36%, grade F, #1,769 of 4,322 statewide, top 44%, 618 students, 84% FRL); Atkins Middle (math 24% / reading 33%, grade F, #1,122 of 1,662 statewide, top 69%, 542 students, 87% FRL); Coronado H S (math 34% / reading 38%, grade F, #930 of 1,632 statewide, top 57%, 1,960 students, 66% FRL) — zoned schools average 79% FRL vs 60% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 110 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 43 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: 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 $94,264 (5.7% below list)

Questions for the listing agent

1. It's been on market 43 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 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.94% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.66%
• DSCR: 1.12
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.87% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.59×
• Total profit: $-11,408
• Equity at exit: $14,910

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-1,329
• Equity at exit: $8,646

Cash invested: $28,000 (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 79412

• Home prices YoY: -15.3%
• Rents YoY: 3.9%
• Active inventory: 110
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $943 high
• Mortgage (P&I): −$524
• Tax from tax record: −$117 /mo · $1,398/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $62

Break-even live

Break-even rent $864

Max offer price $99,999

Occupancy floor 88%

Sensitivity live

Price	-10% $119	-5% $90	+0% $62	+5% $34	+10% $5
Rent	-10% $-12	-5% $25	+0% $62	+5% $99	+10% $137
Rate	-1.0pp $112	-0.5pp $88	base $62	+0.5pp $36	+1.0pp $10

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	23d	1	0.26mi
1204 36th St Unit b Lubbock, TX	3.0	2.0	872	$835	$0.96	15d	1	0.28mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	23d	1	0.35mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	23d	1	0.39mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	15d	1	0.39mi
2011 35th St Lubbock, TX	2.0	1.0	810	$800	$0.99	45d	1	0.45mi
2003 32nd St Unit A Lubbock, TX	2.0	2.0	1228	$1,150	$0.94	45d	1	0.49mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	15d	1	0.52mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	15d	1	0.55mi
2108 38th St Lubbock, TX	3.0	2.0	1124	$900	$0.80	45d	1	0.56mi
2107 35th St Unit A Lubbock, TX	2.0	1.0	1025	$800	$0.78	45d	1	0.56mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	45d	1	0.57mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	23d	1	0.57mi
1610 28th St Unit A Lubbock, TX	2.0	2.0	1060	$750	$0.71	15d	1	0.58mi
1920 44th St Lubbock, TX	4.0	2.0	1391	$795	$0.57	23d	1	0.58mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	45d	1	0.61mi
2119 32nd St Lubbock, TX	2.0	1.0	1055	$950	$0.90	45d	1	0.61mi
1609 27th St Lubbock, TX	2.0	1.0	862	$900	$1.04	45d	1	0.62mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	23d	1	0.63mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	23d	1	0.63mi
2208 35th St Unit B Lubbock, TX	2.0	1.0	767	$750	$0.98	45d	1	0.68mi
2211 33rd St Unit A Lubbock, TX	3.0	1.5	1293	$1,200	$0.93	45d	1	0.68mi
1724 27th St Lubbock, TX	2.0	1.0	850	$925	$1.09	45d	1	0.69mi
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	15d	1	0.70mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	23d	1	0.71mi
1920 27th St Unit 1 Lubbock, TX	3.0	3.0	1366	$1,500	$1.10	45d	1	0.73mi
1313 25th St Lubbock, TX	2.0	1.0	780	$875	$1.12	45d	1	0.73mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	15d	1	0.73mi
1901 26th St Lubbock, TX	2.0	1.0	1142	$950	$0.83	23d	1	0.73mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	15d	1	0.73mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	15d	1	0.73mi
1915 26th St Lubbock, TX	3.0	1.0	1221	$1,100	$0.90	45d	1	0.75mi
2007 27th St Lubbock, TX	2.0	1.0	1044	$1,250	$1.20	45d	1	0.75mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	45d	1	0.76mi
2304 39th St Lubbock, TX	2.0	1.0	830	$1,150	$1.39	23d	1	0.79mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	23d	1	0.79mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	23d	1	0.80mi
2201 28th St Lubbock, TX	3.0	1.0	1246	$995	$0.80	23d	1	0.80mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	15d	1	0.81mi
2115 27th St Unit A Lubbock, TX	2.0	1.0	1148	$875	$0.76	23d	1	0.81mi

Listing history 12 events

1. 2026-04-23
   status Pending
2. 2026-04-16
   price $99,999
3. 2026-04-08
   price $105,000
4. 2026-03-11
   listed $115,000 Active
5. 2025-01-27
   soldstatus
6. 2022-04-12
   listed $110,000
7. 2021-04-28
   listed $115,000
8. 2020-04-01
   soldstatus
9. 2020-03-30
   soldstatus
10. 2020-02-20
    listed $58,900
11. 2008-12-05
    soldstatus
12. 2008-11-07
    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: $1,398 · $117/mo
• Projected year-2 tax: $1,830 · $152/mo
• Expected delta: +$432/yr (+$36/mo · 30.9%)

ⓘ 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: $11,312
• − Mortgage interest: −$5,601
• − Property taxes: −$1,398
• − Insurance: −$500
• − Repairs & maintenance: −$905
• − Management: −$905
• − Depreciation: −$2,909
• Taxable loss: −$907
• Est. tax savings @ 24.0%: +$218
• After-tax cash flow: $963/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): 15,018
• Household income: $48,878
• Rent vs Own: 51.2% rent · 48.8% own
• Severe rent burden: 676.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 61% Two or more races 25% White 25% Black 10%
• Hispanic origin (detail): Mexican 51% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Serbian 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 67% English-only · Spanish 32% Arabic 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: ▼ -33.95%
• Current HPI: 188.4033
• Rent YoY: ▲ 3.87%
• 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

+69.8% since first listed

12 events — show timeline

• 2026-04-23 Pending — LARMLS
• 2026-04-16 Price Changed $99,999 LARMLS
• 2026-04-08 Price Changed $105,000 LARMLS
• 2026-03-11 Listed $115,000 LARMLS
• 2025-01-27 Sold (Public Records) — Public Records
• 2022-04-12 Listed $110,000 LARMLS
• 2021-04-28 Listed $115,000 LARMLS
• 2020-04-01 Sold (MLS) — LARMLS
• 2020-03-30 Sold (Public Records) — Public Records
• 2020-02-20 Listed $58,900 LARMLS
• 2008-12-05 Sold (Public Records) — Public Records
• 2008-11-07 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,398 · -4.8% YoY. Source: county tax records.