3401 Tractor Ave · Wolfforth, TX 79382

$424,100

4 bd · 3.0 ba · 2,582 sqft · SingleFamily · 45 Days on market

Built 2026

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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
• Cash flow +6.1/30.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.5/10.0

Listing remarks

Elevated living, built into every detail. The 2,580 sq ft Jenny floor plan brings together refined design and everyday comfort in a layout that stands apart. Luxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaGranite or quartz countertops throughoutSpacious kitchen island with bar seatingStainless steel appliances, including double oven and built-in microwave cabinetLarge enclosed pantryOversized utility room with counter space and storageBrick fireplacePrivate primary suite with garden tub, walk-in shower, dual vanities, and oversized walk-in closet with utility room accessPrivate guest bedroom with en-suite bathroomCovered back patio

Key facts

• Brick fireplace
• Open-concept kitchen
• 2 parking spots

Tags

• OPEN-CONCEPT KITCHEN
• SPACIOUS KITCHEN ISLAND
• STAINLESS STEEL APPLIANCES
• LARGE ENCLOSED PANTRY
• OVERSIZED UTILITY ROOM
• BRICK FIREPLACE

Property features AI

Exterior

• Parking: 2 parking spaces (total)
• Utilities: Has heating and cooling
• Home design: Spec home — Plan name: Jenny; Active status
• Exterior features: Living area of 2582 (living area listed)

Interior

• Kitchen: Dishwasher, Disposal, Microwave
• Bedrooms: 4 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning; Ceiling fans
• Interior features: Built-in dishwasher, disposal, and microwave

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $424k.

Deal economics

• At list price, monthly cash flow is $-789 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $310k (26.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $271k (36.1% below list).
• Recommended offer: $271k (36.1% 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.
• Market conditions: 472 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 39% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $45k of equity ($3k loan paydown + $42k 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 ~$73k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($411k) is reasonable based on typical stale-listing flexibility.

Recommended offer $271,165 (36.1% 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 45 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.64% ✗
• Cap rate: 4.06%
• Cash-on-cash: -7.97%
• DSCR: 0.65
• GRM: 13.0

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: 18.7%
• Equity multiple: 2.52×
• Total profit: $180,787
• Equity at exit: $382,063

10-year hold

• IRR: 17.3%
• Equity multiple: 5.82×
• Total profit: $571,970
• Equity at exit: $823,933

Cash invested: $118,748 (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: 13.0×

Monthly cashflow live

• Estimated rent: $2,712 medium
• Mortgage (P&I): −$2,224
• Tax est. 1.5%: −$530 /mo · $6,362/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$569
• Net cashflow: $-789

Break-even live

Break-even rent $3,710

Max offer price $309,980

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: $106,025
• Closing costs: $12,723
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2915 Tractor Ave Wolfforth, TX	4.0	3.0	2582	$2,995	$1.16	13d	1	0.16mi
1503 Good Prairie Ave Wolfforth, TX	4.0	2.5	2173	$2,450	$1.13	21d	1	1.14mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	13d	1	1.44mi

Listing history 18 events

1. 2026-06-18
   days on market $424,100 Active 45 DOM
2. 2026-06-17
   days on market $424,100 Active 44 DOM
3. 2026-06-16
   days on market $424,100 Active 43 DOM
4. 2026-06-15
   days on market $424,100 Active 42 DOM
5. 2026-06-13
   days on market $424,100 Active 39 DOM
6. 2026-06-10
   days on market $424,100 Active 37 DOM
7. 2026-06-09
   days on market $424,100 Active 36 DOM
8. 2026-06-08
   days on market $424,100 Active 35 DOM
9. 2026-06-07
   days on market $424,100 Active 34 DOM
10. 2026-06-05
    days on market $424,100 Active 31 DOM
11. 2026-06-03
    days on market $424,100 Active 30 DOM
12. 2026-06-02
    days on market $424,100 Active 29 DOM
13. 2026-06-01
    days on market $424,100 Active 28 DOM
14. 2026-05-31
    days on market $424,100 Active 27 DOM
15. 2026-05-30
    days on market $424,100 Active 26 DOM
16. 2026-05-04
    status Active 678-char remark
17. 2026-04-29
    historical 678-char remark
18. 2026-04-29
    listed $424,100 Active 678-char remark

ⓘ 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: $32,540
• − Mortgage interest: −$23,756
• − Property taxes: −$6,362
• − Insurance: −$2,120
• − Repairs & maintenance: −$2,603
• − Management: −$2,603
• − Depreciation: −$12,337
• Taxable loss: −$17,242
• Est. tax savings @ 24.0%: +$4,138
• After-tax cash flow: $-5,326/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