315 E 34th St · Wolfforth, TX 79382

$221,900

3 bd · 2.0 ba · 1,605 sqft · SingleFamily public records · 149 Days on market

Built 2023 5,750 sqft lot ↓ 6% 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Cash flow +4.1/30.0
• Livability +4.0/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

$3,000 Seller Concessions offered! The Pamela Floorplan, this stunning xeriscape (low-maintenance) home is ready for you! Discover this move-in ready home in the sought-after Harvest neighborhood, perfect for those searching homes for sale in the growing Wolfforth/Lubbock area! Enjoy a modern open concept layout with a bright living area flowing into the kitchen and dining space. The open kitchen features plenty of storage, sleek countertops, and an island that is ideal for everyday living or entertaining. This new construction-style beauty offers three spacious bedrooms, including a private primary suite with walk-in closet and ensuite bath, plus two more bedrooms and a second full bath. Outside, relax in your low-maintenance backyard under the big Texas sky, with a two-car garage for added convenience. Zoned for Frenship ISD schools, you're minutes from Lubbock amenities, shopping, dining, and quick access. This home is the best of small-town charm with big-city perks! Claim your move-in ready West Texas dream home!

Key facts

• Modern kitchen
• Open concept layout
• 5,750 sq ft lot

Tags

• OPEN CONCEPT LAYOUT
• MODERN KITCHEN
• PRIVATE PRIMARY SUITE
• LOW-MAINTENANCE BACKYARD
• ZONED FOR FRENSHIP ISD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $222k.

Deal economics

• At list price, monthly cash flow is $-613 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $171k (23.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $171k (22.8% below list).
• Recommended offer: $171k (23.1% below list) — sets the bar for cash-flow.

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.
• Market conditions: 472 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 $24k of equity ($2k loan paydown + $22k 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 ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($195k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $170,581 (23.1% 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. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
7. 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?
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: 0.77% ✗
• Cap rate: 2.98%
• Cash-on-cash: -11.83%
• DSCR: 0.47
• GRM: 10.8

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: 16.1%
• Equity multiple: 2.32×
• Total profit: $82,121
• Equity at exit: $199,905

10-year hold

• IRR: 15.5%
• Equity multiple: 5.40×
• Total profit: $273,101
• Equity at exit: $431,103

Cash invested: $62,132 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,714 high
• Mortgage (P&I): −$1,164
• Tax from tax record: −$711 /mo · $8,529/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $-613

Break-even live

Break-even rent $2,490

Max offer price $170,581

Occupancy floor —

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: $55,475
• Closing costs: $6,657
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2916 Corpus Ave Wolfforth, TX	3.0	2.0	1657	$1,800	$1.09	43d	1	0.29mi
407 E 21st St Wolfforth, TX	3.0	2.0	1360	$1,399	$1.03	21d	1	0.72mi
2408 Aberdeen Ave Wolfforth, TX	4.0	2.0	1703	$2,100	$1.23	21d	1	0.74mi
2418 Aberdeen Ave Wolfforth, TX	3.0	2.0	1450	$1,799	$1.24	43d	1	0.74mi
2011 Bryan Ave Wolfforth, TX	3.0	2.0	1350	$1,450	$1.07	43d	1	0.74mi
2008 Bryan Ave Unit Harvest-2008 A Bryan Wolfforth, TX	3.0	2.0	1223	$1,400	$1.14	43d	1	0.77mi
2006 Corpus Ave Unit A Wolfforth, TX	3.0	2.0	1223	$1,425	$1.17	13d	1	0.79mi
2001 Bryan Ave Unit B Wolfforth, TX	3.0	2.0	1360	$1,400	$1.03	43d	1	0.80mi
2001 Corpus Ave Unit 2001 B Corpus Wolfforth, TX	3.0	2.0	1350	$1,500	$1.11	21d	1	0.81mi
2001 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1316	$1,500	$1.14	13d	1	0.81mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	13d	1	0.84mi
2304 Corpus Ave Wolfforth, TX	3.0	2.0	1316	$1,425	$1.08	43d	1	0.84mi
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	43d	1	0.86mi
304 E 19th St Wolfforth, TX	3.0	2.0	1114	$1,150	$1.03	13d	1	0.88mi
1712 Corpus Ave Wolfforth, TX	2.0	2.0	1335	$1,375	$1.03	43d	1	0.97mi
723 E 17th St Wolfforth, TX	3.0	2.0	1670	$1,800	$1.08	43d	1	1.03mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	13d	1	1.14mi
1503 Good Prairie Ave Wolfforth, TX	4.0	2.5	2173	$2,450	$1.13	21d	1	1.19mi
1313 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1550	$1,850	$1.19	13d	1	1.19mi
611 E 14th St Wolfforth, TX	3.0	2.0	1299	$1,725	$1.33	43d	1	1.35mi
811 11th St Wolfforth, TX	3.0	2.0	1523	$1,595	$1.05	43d	1	1.47mi

Listing history 12 events

1. 2026-06-10
   days on market $221,900 Active 149 DOM
2. 2026-06-09
   days on market $221,900 Active 148 DOM
3. 2026-06-08
   days on market $221,900 Active 147 DOM
4. 2026-06-07
   days on market $221,900 Active 146 DOM
5. 2026-06-05
   days on market $221,900 Active 143 DOM
6. 2026-06-03
   days on market $221,900 Active 142 DOM
7. 2026-06-02
   days on market $221,900 Active 141 DOM
8. 2026-06-01
   days on market $221,900 Active 140 DOM
9. 2026-05-31
   days on market $221,900 Active 139 DOM
10. 2026-05-30
    days on market $221,900 Active 138 DOM
11. 2026-01-31
    price $221,900 1033-char remark

    Show marketing remark (1033 chars)

    $3,000 Seller Concessions offered! The Pamela Floorplan, this stunning xeriscape (low-maintenance) home is ready for you! Discover this move-in ready home in the sought-after Harvest neighborhood, perfect for those searching homes for sale in the growing Wolfforth/Lubbock area! Enjoy a modern open concept layout with a bright living area flowing into the kitchen and dining space. The open kitchen features plenty of storage, sleek countertops, and an island that is ideal for everyday living or entertaining. This new construction-style beauty offers three spacious bedrooms, including a private primary suite with walk-in closet and ensuite bath, plus two more bedrooms and a second full bath. Outside, relax in your low-maintenance backyard under the big Texas sky, with a two-car garage for added convenience. Zoned for Frenship ISD schools, you're minutes from Lubbock amenities, shopping, dining, and quick access. This home is the best of small-town charm with big-city perks! Claim your move-in ready West Texas dream home!

12. 2026-01-12
    listed $235,000 Active 1033-char remark

    Show marketing remark (1033 chars)

    $3,000 Seller Concessions offered! The Pamela Floorplan, this stunning xeriscape (low-maintenance) home is ready for you! Discover this move-in ready home in the sought-after Harvest neighborhood, perfect for those searching homes for sale in the growing Wolfforth/Lubbock area! Enjoy a modern open concept layout with a bright living area flowing into the kitchen and dining space. The open kitchen features plenty of storage, sleek countertops, and an island that is ideal for everyday living or entertaining. This new construction-style beauty offers three spacious bedrooms, including a private primary suite with walk-in closet and ensuite bath, plus two more bedrooms and a second full bath. Outside, relax in your low-maintenance backyard under the big Texas sky, with a two-car garage for added convenience. Zoned for Frenship ISD schools, you're minutes from Lubbock amenities, shopping, dining, and quick access. This home is the best of small-town charm with big-city perks! Claim your move-in ready West Texas dream home!

ⓘ 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: $8,529 · $711/mo
• Projected year-2 tax: $8,529 · $711/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,570
• − Mortgage interest: −$12,430
• − Property taxes: −$8,529
• − Insurance: −$1,110
• − Repairs & maintenance: −$1,646
• − Management: −$1,646
• − Depreciation: −$6,455
• Taxable loss: −$11,245
• Est. tax savings @ 24.0%: +$2,699
• After-tax cash flow: $-4,654/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

-5.6% since first listed

2 events — show timeline

• 2026-01-31 Price Changed $221,900 LARMLS
• 2026-01-12 Listed $235,000 LARMLS

Property tax history

+201.5%/yr

Latest (2025): $8,529 · +56.4% YoY. Source: county tax records.