2612 36th St · Lubbock, TX 79413

$120,000

3 bd · 1.0 ba · 1,796 sqft · SingleFamily public records · 60 Days on market

Built 1952 7,575 sqft lot $67/sqft · at area comps Est $125k · at est. ↓ 27% since listing

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Why this score? — see what drove the B- 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 +29.2/30.0
• DSCR +10.0/10.0
• ARV discount +9.4/15.0
• 1% rule +8.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Prime Investment Opportunity Near Tech Terrace! Looking for your next smart move? This versatile dual-unit property sits just two blocks south of the highly sought-after Tech Terrace neighborhood, offering the perfect blend of vintage charm and modern rental appeal. The Main House: Spacious & Ready for Move-In Classic Character: Original hardwood floors throughout the living room and master suite. Modern Touches: Vinyl plank flooring in the second bedroom, dining area, and office/laundry space. Generous Layout: Large, sun-filled rooms that offer living space for tenants or owners alike. Status: Currently vacant and ready for immediate occupancy or listing! The Rear Apartment: This isn't your average 1/1. This detached unit is a standout rental with: Bonus Amenities: Full washer/dryer connections—desirable one-bedroom property. Living Large: Features a spacious living area, kitchen (stove and fridge included), and ample storage. Comfort: Large bathroom and via window A/C and baseboard heating. Walking distance (7 blocks) from Wheelock Elementary.

Key facts

• Spacious living area
• Large bathroom
• Ample storage

Tags

• ORIGINAL HARDWOOD FLOORS
• FULL WASHER DRYER CONNECTIONS
• SPACIOUS LIVING AREA
• WELL-APPOINTED KITCHEN
• AMPLE STORAGE
• LARGE BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $419 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (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-, 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 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); 45% 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 $830 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.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

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 $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 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: 1.36% ✓
• Cap rate: 10.49%
• Cash-on-cash: 14.98%
• DSCR: 1.67
• GRM: 6.1

CMA / ARV

• ARV (median comp): $125,220
• List price: $120,000
• Delta: -4.17%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $5,598
• Equity at exit: $17,892

10-year hold

• IRR: 12.8%
• Equity multiple: 1.97×
• Total profit: $32,559
• Equity at exit: $10,375

Cash invested: $33,600 (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 79413

• Rents YoY: 1.9%
• Active inventory: 183
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$629
• Tax from tax record: −$190 /mo · $2,279/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $419

Break-even live

Break-even rent $1,100

Max offer price $120,000

Occupancy floor 69%

Sensitivity live

Price	-10% $487	-5% $453	+0% $419	+5% $385	+10% $352
Rent	-10% $291	-5% $355	+0% $419	+5% $484	+10% $548
Rate	-1.0pp $480	-0.5pp $450	base $419	+0.5pp $388	+1.0pp $357

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2601 33rd St Lubbock, TX	3.0	2.0	1894	$1,800	$0.95	22d	1	0.16mi
2508 37th St Lubbock, TX	3.0	2.5	1495	$1,700	$1.14	45d	1	0.18mi
2801 36th St Lubbock, TX	3.0	2.0	1446	$2,700	$1.87	45d	1	0.18mi
2614 31st St Lubbock, TX	3.0	2.0	1549	$1,650	$1.07	45d	1	0.31mi
2613 30th St Lubbock, TX	3.0	2.0	1472	$1,500	$1.02	45d	1	0.34mi
2403 38th St Lubbock, TX	3.0	1.5	1786	$1,700	$0.95	45d	1	0.36mi
2609 41st St Lubbock, TX	3.0	2.0	1469	$1,550	$1.06	22d	1	0.36mi
2430 31st St Lubbock, TX	3.0	2.0	1592	$1,450	$0.91	45d	1	0.38mi
2518 30th St Lubbock, TX	4.0	2.0	1558	$1,750	$1.12	22d	1	0.39mi
3007 32nd St Lubbock, TX	3.0	1.0	1353	$1,325	$0.98	22d	1	0.40mi
3019 33rd St Lubbock, TX	3.0	1.5	1573	$1,500	$0.95	14d	1	0.43mi
3101 33rd St Lubbock, TX	3.0	3.0	1250	$999	$0.80	45d	1	0.45mi
2416 30th St Lubbock, TX	3.0	2.0	1746	$1,425	$0.82	22d	1	0.48mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	0.48mi
2215 36th St Lubbock, TX	3.0	2.0	1578	$1,450	$0.92	45d	1	0.49mi
3108 39th St Lubbock, TX	3.0	2.0	1504	$1,295	$0.86	22d	1	0.51mi
2701 27th St Lubbock, TX	3.0	2.0	1569	$1,800	$1.15	45d	1	0.52mi
3126 38th St Lubbock, TX	2.0	1.0	1248	$1,195	$0.96	45d	1	0.54mi
3115 32nd St Lubbock, TX	4.0	2.5	2300	$2,200	$0.96	22d	1	0.56mi
3114 40th St Lubbock, TX	3.0	2.0	1488	$1,375	$0.92	45d	1	0.58mi
2211 33rd St Unit A Lubbock, TX	3.0	1.5	1293	$1,200	$0.93	45d	1	0.58mi
2400 44th St Lubbock, TX	1.0–3.0	1.0–2.0	1015	$1,225	$1.21	14d	23	0.60mi
2319 28th St Lubbock, TX	4.0	2.0	2146	$1,650	$0.77	22d	1	0.62mi
2404 27th St Lubbock, TX	4.0	2.0	1250	$1,349	$1.08	45d	1	0.67mi
2620 25th St Lubbock, TX	3.0	1.0	1282	$1,600	$1.25	45d	1	0.68mi
2220 29th St Lubbock, TX	3.0	2.0	2032	$1,300	$0.64	45d	1	0.68mi
3105 44th St Lubbock, TX	3.0	2.0	1348	$1,375	$1.02	22d	1	0.71mi
2404 25th St Lubbock, TX	3.0	2.0	1292	$1,395	$1.08	22d	1	0.76mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	22d	1	0.77mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	45d	1	0.77mi
2201 28th St Lubbock, TX	3.0	1.0	1246	$995	$0.80	22d	1	0.79mi
3119 26th St Lubbock, TX	3.0	3.0	1888	$1,400	$0.74	22d	1	0.79mi
2316 47th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.80mi
2511 23rd St Lubbock, TX	2.0	2.0	1428	$1,500	$1.05	22d	1	0.80mi
2311 25th St Lubbock, TX	4.0	2.0	1400	$1,400	$1.00	22d	1	0.82mi
2003 32nd St Unit A Lubbock, TX	2.0	2.0	1228	$1,150	$0.94	45d	1	0.83mi
3302 28th St Lubbock, TX	3.0	2.5	1660	$1,725	$1.04	22d	1	0.83mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	14d	1	0.83mi
3019 47th St Lubbock, TX	3.0	2.0	1298	$1,400	$1.08	22d	1	0.84mi
2605 22nd St Lubbock, TX	3.0	2.0	2260	$1,960	$0.87	45d	1	0.85mi

Listing history 33 events

1. 2026-06-18
   days on market $120,000 Active 60 DOM
2. 2026-06-17
   days on market $120,000 Active 59 DOM
3. 2026-06-16
   days on market $120,000 Active 58 DOM
4. 2026-06-15
   days on market $120,000 Active 57 DOM
5. 2026-06-14
   days on market $120,000 Active 55 DOM
6. 2026-06-13
   days on market $120,000 Active 54 DOM
7. 2026-06-10
   days on market $120,000 Active 52 DOM
8. 2026-06-09
   days on market $120,000 Active 51 DOM
9. 2026-06-08
   days on market $120,000 Active 50 DOM
10. 2026-06-07
    days on market $120,000 Active 49 DOM
11. 2026-06-05
    days on market $120,000 Active 46 DOM
12. 2026-06-03
    days on market $120,000 Active 45 DOM
13. 2026-06-02
    days on market $120,000 Active 44 DOM
14. 2026-06-01
    days on market $120,000 Active 43 DOM
15. 2026-05-31
    days on market $120,000 Active 42 DOM
16. 2026-05-30
    days on market $120,000 Active 41 DOM
17. 2026-05-16
    price $120,000 1077-char remark

    Show marketing remark (1077 chars)

    Prime Investment Opportunity Near Tech Terrace! Looking for your next smart move? This versatile dual-unit property sits just two blocks south of the highly sought-after Tech Terrace neighborhood, offering the perfect blend of vintage charm and modern rental appeal. The Main House: Spacious & Ready for Move-In Classic Character: Original hardwood floors throughout the living room and master suite. Modern Touches: Vinyl plank flooring in the second bedroom, dining area, and office/laundry space. Generous Layout: Large, sun-filled rooms that offer living space for tenants or owners alike. Status: Currently vacant and ready for immediate occupancy or listing! The Rear Apartment: This isn't your average 1/1. This detached unit is a standout rental with: Bonus Amenities: Full washer/dryer connections—desirable one-bedroom property. Living Large: Features a spacious living area, kitchen (stove and fridge included), and ample storage. Comfort: Large bathroom and via window A/C and baseboard heating. Walking distance (7 blocks) from Wheelock Elementary.

18. 2026-04-19
    listed $125,500 Active 1077-char remark

    Show marketing remark (1077 chars)

    Prime Investment Opportunity Near Tech Terrace! Looking for your next smart move? This versatile dual-unit property sits just two blocks south of the highly sought-after Tech Terrace neighborhood, offering the perfect blend of vintage charm and modern rental appeal. The Main House: Spacious & Ready for Move-In Classic Character: Original hardwood floors throughout the living room and master suite. Modern Touches: Vinyl plank flooring in the second bedroom, dining area, and office/laundry space. Generous Layout: Large, sun-filled rooms that offer living space for tenants or owners alike. Status: Currently vacant and ready for immediate occupancy or listing! The Rear Apartment: This isn't your average 1/1. This detached unit is a standout rental with: Bonus Amenities: Full washer/dryer connections—desirable one-bedroom property. Living Large: Features a spacious living area, kitchen (stove and fridge included), and ample storage. Comfort: Large bathroom and via window A/C and baseboard heating. Walking distance (7 blocks) from Wheelock Elementary.

19. 2026-02-12
    price $127,500
20. 2026-02-05
    price $131,500
21. 2026-01-24
    price $136,500
22. 2024-07-31
    price $129,900
23. 2024-06-22
    price $132,000
24. 2024-06-13
    price $134,000
25. 2024-05-22
    price $135,000
26. 2023-11-20
    price $142,000
27. 2023-08-29
    price $152,000
28. 2023-08-29
    price $149,900
29. 2023-07-18
    price $155,000
30. 2023-07-02
    price $160,000
31. 2023-06-16
    price $162,000
32. 2023-05-30
    price $165,000
33. 2003-09-24
    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: $2,279 · $190/mo
• Projected year-2 tax: $2,279 · $190/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 · 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: $19,574
• − Mortgage interest: −$6,722
• − Property taxes: −$2,279
• − Insurance: −$600
• − Repairs & maintenance: −$1,566
• − Management: −$1,566
• − Depreciation: −$3,491
• Taxable income: $3,351
• Est. tax owed @ 24.0%: −$804
• After-tax cash flow: $4,229/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

-27.3% since first listed

17 events — show timeline

• 2026-05-16 Price Changed $120,000 LARMLS
• 2026-04-19 Listed $125,500 LARMLS
• 2026-02-12 Price Changed $127,500 LARMLS
• 2026-02-05 Price Changed $131,500 LARMLS
• 2026-01-24 Price Changed $136,500 LARMLS
• 2024-07-31 Price Changed $129,900 LARMLS
• 2024-06-22 Price Changed $132,000 LARMLS
• 2024-06-13 Price Changed $134,000 LARMLS
• 2024-05-22 Price Changed $135,000 LARMLS
• 2023-11-20 Price Changed $142,000 LARMLS
• 2023-08-29 Price Changed $152,000 LARMLS
• 2023-08-29 Price Changed $149,900 LARMLS
• 2023-07-18 Price Changed $155,000 LARMLS
• 2023-07-02 Price Changed $160,000 LARMLS
• 2023-06-16 Price Changed $162,000 LARMLS
• 2023-05-30 Price Changed $165,000 LARMLS
• 2003-09-24 Sold (Public Records) — Public Records

Property tax history

+4.3%/yr

Latest (2025): $2,279 · -5.3% YoY. Source: county tax records.