516 E 24th St · Wolfforth, TX 79382

$184,000

2 bd · 2.0 ba · 1,005 sqft · SingleFamily · 19 Days on market

Built 2026 4,250 sqft lot

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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 +10.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.1/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

Key facts

• Covered entry
• Kitchen island
• 4,250 sq ft lot

Tags

• BRICK AND VINYL EXTERIOR
• COVERED ENTRY
• LUXURY VINYL PLANK FLOORING
• GRANITE OR QUARTZ COUNTERTOPS
• KITCHEN ISLAND
• STAINLESS STEEL APPLIANCES

Property features AI

Exterior

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

Interior

• Kitchen: Range; Free-standing range; Dishwasher; Disposal; Microwave
• Bedrooms: Total rooms: 4
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning; Electric cooling; Ceiling fans
• Interior features: Ceiling fans throughout; Open floorplan; Pantry
• Laundry & utility: Laundry inside

🏗️ 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 2-bed/2.0-bath single-family listed at $184k.

Deal economics

• At list price, monthly cash flow is $-94 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $170k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $149k (19.0% below list).
• Recommended offer: $149k (19.0% 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: 474 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $20k of equity ($1k loan paydown + $18k 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 ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts 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.

Recommended offer $149,018 (19.0% 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: 0.81% ✗
• Cap rate: 5.68%
• Cash-on-cash: -2.20%
• DSCR: 0.90
• GRM: 10.3

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: 22.7%
• Equity multiple: 2.83×
• Total profit: $94,225
• Equity at exit: $165,762

10-year hold

• IRR: 20.3%
• Equity multiple: 6.48×
• Total profit: $282,247
• Equity at exit: $357,472

Cash invested: $51,520 (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: 474
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,490 high
• Mortgage (P&I): −$965
• Tax est. 1.5%: −$230 /mo · $2,760/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $-94

Break-even live

Break-even rent $1,610

Max offer price $170,349

Occupancy floor —

Sensitivity live

Price	-10% $33	-5% $-31	+0% $-94	+5% $-158	+10% $-221
Rent	-10% $-212	-5% $-153	+0% $-94	+5% $-35	+10% $23
Rate	-1.0pp $-2	-0.5pp $-48	base $-94	+0.5pp $-142	+1.0pp $-191

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: $46,000
• Closing costs: $5,520
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
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
2011 Bryan Ave Wolfforth, TX	3.0	2.0	1350	$1,450	$1.07	45d	1	0.22mi
2008 Bryan Ave Unit Harvest-2008 A Bryan Wolfforth, TX	3.0	2.0	1223	$1,400	$1.14	45d	1	0.25mi
2001 Bryan Ave Unit B Wolfforth, TX	3.0	2.0	1360	$1,400	$1.03	45d	1	0.26mi
2006 Corpus Ave Unit A Wolfforth, TX	3.0	2.0	1223	$1,425	$1.17	15d	1	0.29mi
2001 Corpus Ave Unit 2001 B Corpus Wolfforth, TX	3.0	2.0	1350	$1,500	$1.11	22d	1	0.29mi
2001 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1316	$1,500	$1.14	15d	1	0.29mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	15d	1	0.32mi
304 E 19th St Wolfforth, TX	3.0	2.0	1114	$1,150	$1.03	15d	1	0.33mi
2304 Corpus Ave Wolfforth, TX	3.0	2.0	1316	$1,425	$1.08	45d	1	0.34mi
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	45d	1	0.37mi
1712 Corpus Ave Wolfforth, TX	2.0	2.0	1335	$1,375	$1.03	45d	1	0.45mi
611 E 14th St Wolfforth, TX	3.0	2.0	1299	$1,725	$1.33	45d	1	0.83mi
127 Brooke Blvd Wolfforth, TX	3.0	2.5	1714	$1,757	$1.03	15d	2	1.35mi

Listing history 24 events

1. 2026-06-22
   days on market $184,000 Active 19 DOM
2. 2026-06-18
   days on market $184,000 Active 16 DOM
3. 2026-06-17
   status $184,000 Active 15 DOM
4. 2026-05-22
   status Active 344-char remark

   Show marketing remark (344 chars)

   The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

5. 2026-05-11
   status Pending
6. 2026-05-10
   historical 344-char remark

   Show marketing remark (344 chars)

   The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

7. 2026-05-09
   status Active 344-char remark

   Show marketing remark (344 chars)

   The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

8. 2026-05-09
   price $189,000 344-char remark

   Show marketing remark (344 chars)

   The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

9. 2026-05-09
   status Active

   Show marketing remark (344 chars)

   The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

10. 2026-04-26
    historical 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

11. 2026-04-25
    status Pending
12. 2026-04-22
    status Active
13. 2026-04-21
    status Pending

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

14. 2026-04-21
    price $184,000 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

15. 2026-04-21
    price $184,000

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

16. 2026-04-16
    status Active 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

17. 2026-04-16
    price $189,930 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

18. 2026-04-16
    historical 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

19. 2026-04-13
    price $194,930 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

20. 2026-04-11
    listed $189,930 Active
21. 2026-04-01
    price $189,930 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

22. 2026-03-17
    price $194,930 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

23. 2026-02-12
    price $189,830 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

24. 2025-11-11
    listed $184,830 Active 344-char remark

    Show marketing remark (344 chars)

    The 1,000 square-foot Callie floor plan is a smart, comfortable start to homeownership with features that make everyday living easy. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasGranite or quartz countertopsKitchen island with bar seatingStainless steel appliancesPrivate primary suite with walk-in closet

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $17,882
• − Mortgage interest: −$10,307
• − Property taxes: −$2,760
• − Insurance: −$920
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$5,353
• Taxable loss: −$4,319
• Est. tax savings @ 24.0%: +$1,036
• After-tax cash flow: $-96/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

+2.3% since first listed

21 events — show timeline

• 2026-05-22 Relisted — Zillow
• 2026-05-11 Pending — LARMLS
• 2026-05-10 Delisted — Zillow
• 2026-05-09 Price Changed $189,000 Zillow
• 2026-05-09 Relisted — Zillow
• 2026-05-09 Relisted — LARMLS
• 2026-04-26 Delisted — Zillow
• 2026-04-25 Pending — LARMLS
• 2026-04-22 Relisted — LARMLS
• 2026-04-21 Pending — LARMLS
• 2026-04-21 Price Changed $184,000 Zillow
• 2026-04-21 Price Changed $184,000 LARMLS
• 2026-04-16 Relisted — Zillow
• 2026-04-16 Price Changed $189,930 Zillow
• 2026-04-16 Delisted — Zillow
• 2026-04-13 Price Changed $194,930 Zillow
• 2026-04-11 Listed $189,930 LARMLS
• 2026-04-01 Price Changed $189,930 Zillow
• 2026-03-17 Price Changed $194,930 Zillow
• 2026-02-12 Price Changed $189,830 Zillow
• 2025-11-11 Listed $184,830 Zillow