2006 Durham Ave · Wolfforth, TX 79382

$252,000

4 bd · 2.0 ba · 1,700 sqft · Land · 14 Days on market

Built 2026 5,445 sqft lot ↓ 2% since listing

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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 +10.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0

Listing remarks MLS

The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

Key facts

• Covered front porch
• Spacious island
• Brick exterior

Tags

• BRICK EXTERIOR
• COVERED FRONT PORCH
• OPEN-CONCEPT KITCHEN
• LUXURY VINYL PLANK FLOORING
• GRANITE OR QUARTZ COUNTERTOPS
• SPACIOUS ISLAND

Property features AI

Exterior

• Parking: Attached garage; 2 garage spaces; Driveway parking
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Phone available
• Home design: Single-family residence; New construction; One story; Slab foundation
• Construction: Brick construction; Composition roof; Built as new construction
• Exterior features: Private yard; Front porch; Rear porch; Fenced backyard (wood)

Interior

• Kitchen: Range; Free-standing range; Dishwasher; Microwave; Disposal
• Bedrooms: 6 total rooms (includes bedrooms and living areas)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Double vanity; Kitchen island; Pantry; Walk-in closets
• Laundry & utility: Dedicated laundry room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $252k.

Deal economics

• At list price, monthly cash flow is $-144 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (10.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (29.6% below list).
• Recommended offer: $177k (29.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#43 in TX, #1,872 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Frenship ISD (urban): math 47% / reading 54% proficiency, ranked #162 of 826 in TX (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Upland Heights El (math 49% / reading 55%, grade C-, #742 of 4,322 statewide, top 19%, 840 students, 46% FRL); Frenship Middle (math 46% / reading 50%, grade C-, #400 of 1,662 statewide, top 24%, 833 students, 47% FRL); Frenship H S (math 44% / reading 65%, grade C-, #379 of 1,632 statewide, top 26%, 3,247 students, 46% FRL).
• Market conditions: 472 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts; this cycle's ask has dropped $23k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $177,436 (29.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
5. 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.
6. 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.
7. 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: 0.70% ✗
• Cap rate: 5.60%
• Cash-on-cash: -2.46%
• DSCR: 0.89
• GRM: 11.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.5%
• Equity multiple: 2.81×
• Total profit: $127,951
• Equity at exit: $227,022

10-year hold

• IRR: 20.2%
• Equity multiple: 6.44×
• Total profit: $383,845
• Equity at exit: $489,581

Cash invested: $70,560 (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 79382

• Active inventory: 472
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,774 high
• Mortgage (P&I): −$1,322
• Tax from tax record: −$120 /mo · $1,436/yr
• Insurance: −$105
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-144

Break-even live

Break-even rent $1,957

Max offer price $226,478

Occupancy floor —

Sensitivity live

Price	-10% $-2	-5% $-73	+0% $-144	+5% $-216	+10% $-287
Rent	-10% $-285	-5% $-215	+0% $-144	+5% $-74	+10% $-4
Rate	-1.0pp $-18	-0.5pp $-80	base $-144	+0.5pp $-210	+1.0pp $-276

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: $63,000
• Closing costs: $7,560
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	45d	1	0.08mi
2006 Corpus Ave Unit A Wolfforth, TX	3.0	2.0	1223	$1,425	$1.17	15d	1	0.09mi
2304 Corpus Ave Wolfforth, TX	3.0	2.0	1316	$1,425	$1.08	45d	1	0.10mi
2001 Corpus Ave Unit 2001 B Corpus Wolfforth, TX	3.0	2.0	1350	$1,500	$1.11	22d	1	0.12mi
2001 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1316	$1,500	$1.14	15d	1	0.12mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	15d	1	0.13mi
2008 Bryan Ave Unit Harvest-2008 A Bryan Wolfforth, TX	3.0	2.0	1223	$1,400	$1.14	45d	1	0.14mi
2011 Bryan Ave Wolfforth, TX	3.0	2.0	1350	$1,450	$1.07	45d	1	0.17mi
2001 Bryan Ave Unit B Wolfforth, TX	3.0	2.0	1360	$1,400	$1.03	45d	1	0.18mi
407 E 21st St Wolfforth, TX	3.0	2.0	1360	$1,399	$1.03	22d	1	0.19mi
2418 Aberdeen Ave Wolfforth, TX	3.0	2.0	1450	$1,799	$1.24	45d	1	0.20mi
2408 Aberdeen Ave Wolfforth, TX	4.0	2.0	1703	$2,100	$1.23	22d	1	0.20mi
723 E 17th St Wolfforth, TX	3.0	2.0	1670	$1,800	$1.08	45d	1	0.22mi
304 E 19th St Wolfforth, TX	3.0	2.0	1114	$1,150	$1.03	14d	1	0.34mi
1503 Good Prairie Ave Wolfforth, TX	4.0	2.5	2173	$2,450	$1.13	22d	1	0.37mi
1313 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1550	$1,850	$1.19	15d	1	0.43mi
611 E 14th St Wolfforth, TX	3.0	2.0	1299	$1,725	$1.33	45d	1	0.55mi
2916 Corpus Ave Wolfforth, TX	3.0	2.0	1657	$1,800	$1.09	45d	1	0.56mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	14d	1	0.61mi
811 11th St Wolfforth, TX	3.0	2.0	1523	$1,595	$1.05	45d	1	1.08mi
127 Brooke Blvd Wolfforth, TX	3.0	2.5	1714	$1,757	$1.03	14d	2	1.14mi
906 11th St Wolfforth, TX	3.0	2.0	1731	$2,000	$1.16	45d	1	1.19mi
7811 96th St Lubbock, TX	4.0	2.0	1946	$2,195	$1.13	22d	1	1.33mi
7731 97th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	22d	1	1.34mi
7510 102nd St Lubbock, TX	3.0	2.0	1503	$1,600	$1.06	45d	1	1.34mi
7805 96th St Lubbock, TX	4.0	2.0	1888	$2,150	$1.14	45d	1	1.34mi
7449 104th St Lubbock, TX	3.0	2.0	1481	$1,625	$1.10	22d	1	1.36mi
7456 104th St Lubbock, TX	3.0	2.0	1460	$1,700	$1.16	45d	1	1.36mi
7729 96th St Lubbock, TX	4.0	2.0	1978	$2,300	$1.16	15d	1	1.39mi
7732 96th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	22d	1	1.40mi
7440 104th St Lubbock, TX	3.0	2.0	1578	$1,600	$1.01	15d	1	1.41mi
7424 104th St Lubbock, TX	3.0	2.0	1598	$1,750	$1.10	45d	1	1.49mi

Listing history 26 events

1. 2026-06-18
   days on market $252,000 Active 14 DOM
2. 2026-06-18
   price $252,000 Active 13 DOM
3. 2026-06-17
   days on market $274,900 Active 13 DOM

   Show marketing remark (436 chars)

   The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

4. 2026-06-16
   days on market $274,900 Active 12 DOM
5. 2026-06-15
   days on market $274,900 Active 11 DOM
6. 2026-06-13
   days on market $274,900 Active 8 DOM
7. 2026-06-10
   days on market $274,900 Active 6 DOM
8. 2026-06-09
   days on market $274,900 Active 5 DOM
9. 2026-06-08
   days on market $274,900 Active 4 DOM
10. 2026-06-07
    days on market $274,900 Active 3 DOM
11. 2026-06-05
    remarks 671-char remark
12. 2026-06-05
    days on marketlisting id $274,900 Active 1 DOM
13. 2026-06-03
    days on market $274,900 Active 134 DOM
14. 2026-06-02
    days on market $274,900 Active 133 DOM
15. 2026-06-01
    days on market $274,900 Active 132 DOM
16. 2026-05-31
    days on market $274,900 Active 131 DOM
17. 2026-05-30
    days on market $274,900 Active 130 DOM
18. 2026-05-05
    price $274,900 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

19. 2026-05-04
    status Active 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

20. 2026-04-29
    historical 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

21. 2026-04-16
    status Active 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

22. 2026-04-16
    historical 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

23. 2026-04-13
    price $269,600 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

24. 2026-02-12
    price $263,600 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

25. 2026-02-03
    price $256,600 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

26. 2026-01-14
    listed $256,530 Active 436-char remark

    Show marketing remark (436 chars)

    The 1,700 square-foot Mia floor plan is a smart step up in space, with a layout that makes room for what's next. Brick exterior with covered front porchLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliancesEnclosed pantryPrivate primary suite with walk-in closet and double vanityCovered back patio

ⓘ 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: $1,436 · $120/mo
• Projected year-2 tax: $4,612 · $384/mo
• Expected delta: +$3,175/yr (+$265/mo · 221.0%)

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

Taxation est. · year 1

• Rental income: $21,292
• − Mortgage interest: −$14,116
• − Property taxes: −$1,436
• − Insurance: −$1,260
• − Repairs & maintenance: −$1,703
• − Management: −$1,703
• − Depreciation: −$7,331
• Taxable loss: −$6,258
• Est. tax savings @ 24.0%: +$1,502
• After-tax cash flow: $-232/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: Frenship ISD
• NCES district ID: 4819830
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 54% ▬ 0.00%
• Median HH income: $54,376
• Composite: 43.59/100
• National rank: #2976
• State rank: #162 of 826 in TX

Livability — Wolfforth

• Score: 80/100
• State rank: #43
• US rank: #1872

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment B- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wolfforth, TX
• County: Lubbock County · 293,542 people
• City population: 10,512
• Metro: Lubbock, TX
• Population (ZIP): 10,512
• Household income: $84,457
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 135.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 18% Black 1%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Italian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 85% English-only · Spanish 14%

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: ▲ 166.08%
• Current HPI: 561.4491
• 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

-1.8% since first listed

12 events — show timeline

• 2026-06-17 Price Changed $252,000 LARMLS
• 2026-06-17 Price Changed $252,000 Zillow
• 2026-06-04 Listed $274,900 LARMLS
• 2026-05-05 Price Changed $274,900 Zillow
• 2026-05-04 Relisted — Zillow
• 2026-04-29 Delisted — Zillow
• 2026-04-16 Relisted — Zillow
• 2026-04-16 Delisted — Zillow
• 2026-04-13 Price Changed $269,600 Zillow
• 2026-02-12 Price Changed $263,600 Zillow
• 2026-02-03 Price Changed $256,600 Zillow
• 2026-01-14 Listed $256,530 Zillow

Property tax history

+51.3%/yr

Latest (2025): $1,436 · +51.3% YoY. Source: county tax records.