2508 35th St · Lubbock, TX 79413

$110,000

3 bd · 1.0 ba · 1,044 sqft · SingleFamily public records · 34 Days on market

Built 1952 7,575 sqft lot $105/sqft · 15% above area Est $96k · 15% over

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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 +25.1/30.0
• DSCR +8.2/10.0
• 1% rule +6.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming home would make a great first time home or investment property, as it is beautifully updated with new flooring, new interior/exterior paint, and close to Texas Tech! With three large bedrooms, spacious kitchen, and plenty of storage space throughout, there is not much more to ask for. The third bedroom would also work perfectly as a second living area if you love to entertain! If you thought that wasn't enough, you will love the spacious backyard with large, shady trees- perfect for enjoying the nice West Texas summer weather. Hurry and see!

Key facts

• Central lubbock home
• 7,575 sq ft lot
• Built 1952

Tags

• CENTRAL LUBBOCK HOME
• TEXAS TECH UNIVERSITY

Property features AI

Exterior

• Parking: Driveway
• Home design: Single-family residence; Residential property
• Construction: Asbestos construction materials; Slab foundation; Composition roof; Built area approximately 1,044
• Exterior features: Private yard; Fenced backyard; Paved city street access; Publicly maintained road

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Ceiling fans throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (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-, 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: Wheelock El (math 32% / reading 32%, grade F, #2,268 of 4,322 statewide, top 55%, 323 students, 92% FRL); Slaton Middle (math 13% / reading 16%, grade F, #1,583 of 1,662 statewide, top 96%, 355 students, 96% FRL); Monterey H S (math 28% / reading 37%, grade F, #1,029 of 1,632 statewide, top 64%, 2,114 students, 72% FRL) — zoned schools average 86% FRL vs 60% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.9%/yr); 183 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 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 34 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y 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 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 $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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. 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. 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.
7. 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.
8. 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: 1.16% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.48%
• DSCR: 1.42
• GRM: 7.2

CMA / ARV

• ARV (median comp): $95,718
• List price: $110,000
• Delta: 14.92%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-3,658
• Equity at exit: $16,401

10-year hold

• IRR: 5.3%
• Equity multiple: 1.37×
• Total profit: $11,439
• Equity at exit: $9,511

Cash invested: $30,800 (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 79413

• Rents YoY: 1.9%
• Active inventory: 183
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,278 high
• Mortgage (P&I): −$577
• Tax from tax record: −$144 /mo · $1,727/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $243

Break-even live

Break-even rent $970

Max offer price $110,000

Occupancy floor 76%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2408 35th St Lubbock, TX	2.0	1.0	1072	$995	$0.93	21d	1	0.12mi
2420 33rd St Lubbock, TX	2.0	1.0	800	$799	$1.00	21d	1	0.15mi
2506 37th St Lubbock, TX	3.0	1.0	1053	$1,550	$1.47	21d	1	0.15mi
2508 37th St Lubbock, TX	3.0	2.5	1495	$1,700	$1.14	44d	1	0.15mi
2419 31st St Apt B Lubbock, TX	2.0	1.0	878	$795	$0.91	14d	1	0.23mi
2616 37th St Lubbock, TX	2.0	1.0	950	$1,200	$1.26	21d	1	0.24mi
2701 36th St Lubbock, TX	2.0	1.0	802	$1,195	$1.49	14d	1	0.26mi
2411 31st St Lubbock, TX	3.0	1.0	1003	$1,000	$1.00	21d	1	0.26mi
2315 32nd St Lubbock, TX	2.0	1.0	900	$995	$1.11	21d	1	0.29mi
2712 37th St Lubbock, TX	3.0	1.0	1136	$1,300	$1.14	44d	1	0.32mi
2613 30th St Lubbock, TX	3.0	2.0	1472	$1,500	$1.02	44d	1	0.32mi
2420 30th St Lubbock, TX	2.0	1.0	1092	$1,100	$1.01	21d	1	0.32mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	0.33mi
2723 36th St Lubbock, TX	2.0	1.0	802	$950	$1.18	21d	1	0.35mi
2801 36th St Lubbock, TX	3.0	2.0	1446	$2,700	$1.87	44d	1	0.37mi
2208 35th St Unit B Lubbock, TX	2.0	1.0	767	$750	$0.98	44d	1	0.37mi
2521 40th St Lubbock, TX	2.0	1.0	902	$1,195	$1.32	21d	1	0.38mi
2304 39th St Lubbock, TX	2.0	1.0	830	$1,150	$1.39	21d	1	0.38mi
2211 33rd St Unit A Lubbock, TX	3.0	1.5	1293	$1,200	$0.93	44d	1	0.40mi
2602 28th St Lubbock, TX	2.0	1.0	937	$1,095	$1.17	21d	1	0.43mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	21d	1	0.43mi
2521 41st St Lubbock, TX	2.0	1.0	990	$925	$0.93	44d	1	0.44mi
2605 41st St Lubbock, TX	2.0	1.0	882	$995	$1.13	14d	1	0.45mi
2823 33rd St Lubbock, TX	3.0	1.0	1105	$950	$0.86	44d	1	0.45mi
2609 41st St Lubbock, TX	3.0	2.0	1469	$1,550	$1.06	21d	1	0.46mi
2514 42nd St Lubbock, TX	3.0	1.0	943	$950	$1.01	14d	1	0.47mi
2107 35th St Unit A Lubbock, TX	2.0	1.0	1025	$800	$0.78	44d	1	0.49mi
2424 27th St Lubbock, TX	2.0	1.0	873	$1,050	$1.20	21d	1	0.50mi
2119 32nd St Lubbock, TX	2.0	1.0	1055	$950	$0.90	44d	1	0.51mi
2404 27th St Lubbock, TX	4.0	2.0	1250	$1,349	$1.08	44d	1	0.53mi
2108 38th St Lubbock, TX	3.0	2.0	1124	$900	$0.80	44d	1	0.53mi
3007 32nd St Lubbock, TX	3.0	1.0	1353	$1,325	$0.98	21d	1	0.54mi
2512 26th St Unit 1706 Lubbock, TX	2.0	2.0	986	$700	$0.71	44d	1	0.54mi
2606 26th St Lubbock, TX	2.0	1.0	1162	$1,395	$1.20	44d	1	0.55mi
2816 40th St Lubbock, TX	2.0	1.0	826	$825	$1.00	21d	1	0.55mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	44d	1	0.56mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	14d	1	0.56mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	14d	1	0.56mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	21d	1	0.58mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	44d	1	0.58mi

Listing history 15 events

1. 2026-04-23
   listed $110,000 Active 667-char remark
2. 2024-12-10
   historical $975
3. 2024-12-03
   listed $975
4. 2024-11-15
   historical $975
5. 2024-10-17
   listed $975
6. 2024-10-17
   historical $975
7. 2024-10-16
   listed $975
8. 2019-06-27
   soldstatus 556-char remark

   Show marketing remark (556 chars)

   Charming home would make a great first time home or investment property, as it is beautifully updated with new flooring, new interior/exterior paint, and close to Texas Tech! With three large bedrooms, spacious kitchen, and plenty of storage space throughout, there is not much more to ask for. The third bedroom would also work perfectly as a second living area if you love to entertain! If you thought that wasn't enough, you will love the spacious backyard with large, shady trees- perfect for enjoying the nice West Texas summer weather. Hurry and see!

9. 2019-06-27
   soldstatus

   Show marketing remark (556 chars)

   Charming home would make a great first time home or investment property, as it is beautifully updated with new flooring, new interior/exterior paint, and close to Texas Tech! With three large bedrooms, spacious kitchen, and plenty of storage space throughout, there is not much more to ask for. The third bedroom would also work perfectly as a second living area if you love to entertain! If you thought that wasn't enough, you will love the spacious backyard with large, shady trees- perfect for enjoying the nice West Texas summer weather. Hurry and see!

10. 2019-05-15
    listed $82,500 556-char remark

    Show marketing remark (556 chars)

    Charming home would make a great first time home or investment property, as it is beautifully updated with new flooring, new interior/exterior paint, and close to Texas Tech! With three large bedrooms, spacious kitchen, and plenty of storage space throughout, there is not much more to ask for. The third bedroom would also work perfectly as a second living area if you love to entertain! If you thought that wasn't enough, you will love the spacious backyard with large, shady trees- perfect for enjoying the nice West Texas summer weather. Hurry and see!

11. 2014-06-11
    soldstatus
12. 2014-06-04
    soldstatus

    Show marketing remark (250 chars)

    Great Investment Opportunity! Currently Rented For $650 A Month. Current Lease runs through Dec. 31, 2014. Definitely could rent for more. This Home Has Many Updates, Which Include; Recently Replace Back Fence, Designer Colors, Fixtures In Each Room.

13. 2014-03-04
    listed $55,000

    Show marketing remark (250 chars)

    Great Investment Opportunity! Currently Rented For $650 A Month. Current Lease runs through Dec. 31, 2014. Definitely could rent for more. This Home Has Many Updates, Which Include; Recently Replace Back Fence, Designer Colors, Fixtures In Each Room.

14. 2006-12-12
    soldstatus
15. 2006-07-31
    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: $1,727 · $144/mo
• Projected year-2 tax: $2,013 · $168/mo
• Expected delta: +$286/yr (+$24/mo · 16.6%)

ⓘ 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: $15,340
• − Mortgage interest: −$6,162
• − Property taxes: −$1,727
• − Insurance: −$550
• − Repairs & maintenance: −$1,227
• − Management: −$1,227
• − Depreciation: −$3,200
• Taxable income: $1,246
• Est. tax owed @ 24.0%: −$299
• After-tax cash flow: $2,620/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): 23,343
• Household income: $69,400
• Rent vs Own: 43.9% rent · 56.1% own
• Severe rent burden: 1211.0

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 0.59)
• Race & ethnicity: White 54% Hispanic / Latino 34% Two or more races 18% Black 6%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Slovak 2% Italian 2% Serbian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 88% English-only · Spanish 10% Chinese 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: ▼ -145.52%
• Current HPI: 239.8854
• Rent YoY: ▲ 1.94%
• 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

+100.0% since first listed

16 events — show timeline

• 2026-05-27 Pending — LARMLS
• 2026-04-23 Listed $110,000 LARMLS
• 2024-12-10 Rental Removed $975 LARMLS
• 2024-12-03 Listed for Rent $975 LARMLS
• 2024-11-15 Rental Removed $975 LARMLS
• 2024-10-17 Listed for Rent $975 LARMLS
• 2024-10-17 Rental Removed $975 APPFOLIO
• 2024-10-16 Listed for Rent $975 APPFOLIO
• 2019-06-27 Sold (Public Records) — Public Records
• 2019-06-27 Sold (MLS) — LARMLS
• 2019-05-15 Listed $82,500 LARMLS
• 2014-06-11 Sold (Public Records) — Public Records
• 2014-06-04 Sold (MLS) — LARMLS
• 2014-03-04 Listed $55,000 LARMLS
• 2006-12-12 Sold (Public Records) — Public Records
• 2006-07-31 Sold (Public Records) — Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,727 · -5.1% YoY. Source: county tax records.