517 54th St · Lubbock, TX 79404

$77,500

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 58 Days on market

Built 1954 6,916 sqft lot $71/sqft · 32% below area Est $114k · 32% under ↓ 9% 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 +24.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +7.1/10.0
• Appreciation +6.6/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

New tenant in place at $850 a month! This would make an excellent option to hold as a rental property, and have cash flow. Great home with recent remodeling, ready for a new owner! 2 bedroom, 1 bathroom home. Has Newer carpet, storm windows, paint inside and out, back yard concrete steps, siding, vinyl flooring, furnace heater and water heater! Professionally managed by True Asset PM. Come check this one out ASAP!

Key facts

• Furnace heater
• Recent remodeling
• Vinyl flooring

Tags

• RECENT REMODELING
• NEWER CARPET
• STORM WINDOWS
• BACK YARD CONCRETE STEPS
• VINYL FLOORING
• FURNACE HEATER

Property features AI

Exterior

• Parking: On-street parking
• Security: Smoke detectors; Carbon monoxide detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available and connected
• Home design: Single family residence; Single-story
• Construction: Asbestos construction material; Pillar/post/pier foundation; Composition roof; Built as a residential single family home
• Exterior features: Fenced yard; Landscaped lot; No additional exterior features listed

Interior

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

🏷️ Possibly a rental listed for sale. The $77,500 price doesn't fit this home's estimated sale value (~$113,771) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($941 rent vs $78k).
• Recommended offer: $75k (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: Hodges El (math 27% / reading 27%, grade F, #2,791 of 4,322 statewide, top 68%, 255 students, 98% FRL, charter); Dunbar College Preparatory Academy (math 16% / reading 20%, grade F, #1,491 of 1,662 statewide, top 91%, 430 students, 97% FRL, charter); Estacado H S (math 26% / reading 29%, grade F, #1,183 of 1,632 statewide, top 73%, 897 students, 90% FRL) — zoned schools average 95% FRL vs 60% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 24% at this address vs 38% district-wide (-13 pts) — the specific schools serving this property underperform the Lubbock ISD average; the district grade overstates school quality for this exact location.
• Market conditions: 93 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); 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($536 loan paydown + $2k appreciation (3.2% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 1954 — 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 $75,175 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 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 1954 — 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: 1.21% ✓
• Cap rate: 8.81%
• Cash-on-cash: 8.99%
• DSCR: 1.40
• GRM: 6.9

CMA / ARV

• ARV (median comp): $113,771
• List price: $77,500
• Delta: -31.88%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 49th St	0.32mi	3/2.0 (+1)	1,114 (+2%)	2mo	$99,900	$90	70
302 52nd St	0.25mi	3/2.0 (+1)	1,102 (+1%)	9mo	$76,999	$70	70
402 51st St	0.26mi	3/2.0 (+1)	1,036 (-5%)	11mo	$129,999	$125	62
1218 48th St	0.55mi	2/1.0	1,040 (-4%)	14mo	$139,000	$134	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.22% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.5%
• Equity multiple: 1.95×
• Total profit: $20,654
• Equity at exit: $35,826

10-year hold

• IRR: 17.9%
• Equity multiple: 3.67×
• Total profit: $57,952
• Equity at exit: $55,986

Cash invested: $21,700 (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 79404

• Home prices YoY: 2.0%
• Active inventory: 93
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $941 high
• Mortgage (P&I): −$406
• Tax from tax record: −$142 /mo · $1,708/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $163

Break-even live

Break-even rent $735

Max offer price $77,500

Occupancy floor 78%

Sensitivity live

Price	-10% $206	-5% $185	+0% $163	+5% $141	+10% $119
Rent	-10% $88	-5% $125	+0% $163	+5% $200	+10% $237
Rate	-1.0pp $202	-0.5pp $182	base $163	+0.5pp $143	+1.0pp $122

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	45d	1	0.14mi
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	23d	1	0.25mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	23d	1	0.30mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	23d	1	0.41mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.43mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	23d	1	0.44mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	23d	1	0.44mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	23d	1	0.44mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.49mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	23d	1	0.50mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	15d	1	0.51mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	15d	1	0.53mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	15d	1	0.56mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	15d	1	0.56mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	15d	1	0.63mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	23d	1	0.65mi
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	15d	1	0.66mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	45d	1	0.67mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	15d	1	0.70mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.73mi
1608 59th St Unit 3 Lubbock, TX	1.0	1.0	800	$575	$0.72	45d	1	0.74mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.74mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.75mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	15d	1	0.75mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.77mi
1303 65th St Lubbock, TX	2.0	1.0	850	$595	$0.70	23d	1	0.80mi
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	23d	1	0.86mi
1604 45th St Lubbock, TX	1.0	1.0	700	$650	$0.93	45d	1	0.89mi
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	15d	1	0.96mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	23d	1	0.97mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	45d	1	1.00mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	23d	1	1.02mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	15d	1	1.02mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	23d	1	1.11mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	23d	1	1.12mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	15d	1	1.12mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	23d	1	1.17mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	23d	1	1.17mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	23d	1	1.17mi
211 36th St Unit B Lubbock, TX	3.0	1.0	750	$775	$1.03	45d	1	1.18mi

Listing history 29 events

1. 2026-06-22
   days on market $77,500 Active 58 DOM
2. 2026-06-18
   days on market $77,500 Active 55 DOM
3. 2026-06-17
   days on market $77,500 Active 54 DOM
4. 2026-06-16
   days on market $77,500 Active 53 DOM
5. 2026-06-15
   days on market $77,500 Active 52 DOM
6. 2026-06-14
   days on market $77,500 Active 50 DOM
7. 2026-06-13
   days on market $77,500 Active 49 DOM
8. 2026-06-10
   days on market $77,500 Active 47 DOM
9. 2026-06-09
   days on market $77,500 Active 46 DOM
10. 2026-06-08
    days on market $77,500 Active 45 DOM
11. 2026-06-07
    days on market $77,500 Active 44 DOM
12. 2026-06-05
    days on market $77,500 Active 41 DOM
13. 2026-06-03
    days on market $77,500 Active 40 DOM
14. 2026-06-02
    days on market $77,500 Active 39 DOM
15. 2026-06-01
    days on market $77,500 Active 38 DOM
16. 2026-05-31
    days on market $77,500 Active 37 DOM
17. 2026-05-30
    days on market $77,500 Active 36 DOM
18. 2026-04-24
    listed $77,500 Active 417-char remark
19. 2024-09-21
    historical $850
20. 2024-09-14
    price $850
21. 2024-09-06
    listed $895
22. 2024-06-01
    price $82,000
23. 2024-01-10
    price $82,500
24. 2022-03-11
    soldstatus
25. 2022-03-10
    soldstatus
26. 2022-01-29
    listed $85,000
27. 2019-12-16
    soldstatus
28. 2019-12-06
    soldstatus
29. 2017-08-15
    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: $1,708 · $142/mo
• Projected year-2 tax: $1,708 · $142/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 ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,295
• − Mortgage interest: −$4,341
• − Property taxes: −$1,708
• − Insurance: −$388
• − Repairs & maintenance: −$904
• − Management: −$904
• − Depreciation: −$2,255
• Taxable income: $797
• Est. tax owed @ 24.0%: −$191
• After-tax cash flow: $1,760/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): 8,529
• Household income: $51,630
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 366.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 55% Black 22% White 20% Two or more races 17% Native American 2%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Romanian 1% Lithuanian 0%
• Foreign-born: 5% · Canada
• Languages at home: 64% English-only · Spanish 36%

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: ▲ 3.22%
• Current HPI: 163.854
• 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

-8.8% since first listed

12 events — show timeline

• 2026-04-24 Listed $77,500 LARMLS
• 2024-09-21 Rental Removed $850 APPFOLIO
• 2024-09-14 Price Changed $850 APPFOLIO
• 2024-09-06 Listed for Rent $895 APPFOLIO
• 2024-06-01 Price Changed $82,000 LARMLS
• 2024-01-10 Price Changed $82,500 LARMLS
• 2022-03-11 Sold (MLS) — LARMLS
• 2022-03-10 Sold (Public Records) — Public Records
• 2022-01-29 Listed $85,000 LARMLS
• 2019-12-16 Sold (Public Records) — Public Records
• 2019-12-06 Sold (Public Records) — Public Records
• 2017-08-15 Sold (Public Records) — Public Records

Property tax history

+8.2%/yr

Latest (2025): $1,708 · +16.9% YoY. Source: county tax records.