1513 Good Pr Ave · Wolfforth, TX 79382

$224,999

4 bd · 2.0 ba · 1,867 sqft · Other · 39 Days on market

Built 2026 Excellent condition 2,947 sqft lot ↓ 10% since listing

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Why this score? — see what drove the C+ 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 +19.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Condition / age +4.8/5.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +2.5/5.0

Listing remarks MLS

This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

Key facts

• 2,947 sq ft lot
• 2 garage spots
• Built 2026

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $225k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (11.8% below list).
• Recommended offer: $198k (11.8% 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; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $63k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $198,486 (11.8% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 7.60%
• Cash-on-cash: 4.66%
• DSCR: 1.21
• GRM: 9.4

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: 27.6%
• Equity multiple: 3.19×
• Total profit: $138,011
• Equity at exit: $202,697

10-year hold

• IRR: 24.1%
• Equity multiple: 7.25×
• Total profit: $393,942
• Equity at exit: $437,124

Cash invested: $63,000 (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: 9.4×

Monthly cashflow live

• Estimated rent: $1,985 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$50 /mo · $596/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $245

Break-even live

Break-even rent $1,675

Max offer price $224,999

Occupancy floor 83%

Sensitivity live

Price	-10% $372	-5% $308	+0% $245	+5% $181	+10% $117
Rent	-10% $88	-5% $166	+0% $245	+5% $323	+10% $401
Rate	-1.0pp $358	-0.5pp $302	base $245	+0.5pp $186	+1.0pp $127

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1503 Good Prairie Ave Wolfforth, TX	4.0	2.5	2173	$2,450	$1.13	21d	1	0.02mi
723 E 17th St Wolfforth, TX	3.0	2.0	1670	$1,800	$1.08	44d	1	0.15mi
611 E 14th St Wolfforth, TX	3.0	2.0	1299	$1,725	$1.33	44d	1	0.21mi
1313 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1550	$1,850	$1.19	14d	1	0.23mi
2008 Cottonwood Ave Wolfforth, TX	3.0	2.0	1450	$1,810	$1.25	44d	1	0.32mi
2304 Corpus Ave Wolfforth, TX	3.0	2.0	1316	$1,425	$1.08	44d	1	0.35mi
1817 Corpus Ave Wolfforth, TX	3.0	2.0	1405	$1,600	$1.14	14d	1	0.36mi
2001 Corpus Ave Unit 2001 B Corpus Wolfforth, TX	3.0	2.0	1350	$1,500	$1.11	21d	1	0.39mi
2001 Corpus Ave Unit B Wolfforth, TX	3.0	2.0	1316	$1,500	$1.14	14d	1	0.39mi
2001 Bryan Ave Unit B Wolfforth, TX	3.0	2.0	1360	$1,400	$1.03	44d	1	0.43mi
2011 Bryan Ave Wolfforth, TX	3.0	2.0	1350	$1,450	$1.07	44d	1	0.47mi
2418 Aberdeen Ave Wolfforth, TX	3.0	2.0	1450	$1,799	$1.24	44d	1	0.48mi
2408 Aberdeen Ave Wolfforth, TX	4.0	2.0	1703	$2,100	$1.23	21d	1	0.48mi
407 E 21st St Wolfforth, TX	3.0	2.0	1360	$1,399	$1.03	21d	1	0.49mi
215 14th St Wolfforth, TX	4.0	3.0	1850	$2,200	$1.19	14d	1	0.60mi
127 Brooke Blvd Wolfforth, TX	3.0	2.5	1714	$1,757	$1.03	14d	2	0.83mi
2916 Corpus Ave Wolfforth, TX	3.0	2.0	1657	$1,800	$1.09	44d	1	0.92mi
7811 96th St Lubbock, TX	4.0	2.0	1946	$2,195	$1.13	21d	1	0.98mi
2915 Tractor Ave Wolfforth, TX	4.0	3.0	2582	$2,995	$1.16	14d	1	0.98mi
7805 96th St Lubbock, TX	4.0	2.0	1888	$2,150	$1.14	44d	1	0.99mi
7731 97th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	21d	1	1.00mi
7729 96th St Lubbock, TX	4.0	2.0	1978	$2,300	$1.16	14d	1	1.05mi
7510 102nd St Lubbock, TX	3.0	2.0	1503	$1,600	$1.06	44d	1	1.06mi
7732 96th St Lubbock, TX	4.0	2.0	1888	$2,075	$1.10	21d	1	1.06mi
811 11th St Wolfforth, TX	3.0	2.0	1523	$1,595	$1.05	44d	1	1.06mi
7456 104th St Lubbock, TX	3.0	2.0	1460	$1,700	$1.16	44d	1	1.12mi
7449 104th St Lubbock, TX	3.0	2.0	1481	$1,625	$1.10	21d	1	1.13mi
906 11th St Wolfforth, TX	3.0	2.0	1731	$2,000	$1.16	44d	1	1.17mi
7440 104th St Lubbock, TX	3.0	2.0	1578	$1,600	$1.01	14d	1	1.18mi
7729 92nd St Lubbock, TX	4.0	3.0	1810	$2,495	$1.38	21d	1	1.22mi
7424 104th St Lubbock, TX	3.0	2.0	1598	$1,750	$1.10	44d	1	1.26mi
328 Ranger St Wolfforth, TX	4.0	2.0	2045	$2,450	$1.20	14d	1	1.32mi
405 Ranger St Wolfforth, TX	4.0	2.0	1866	$2,450	$1.31	14d	1	1.32mi
7350 100th St Lubbock, TX	3.0	2.0	1400	$1,650	$1.18	44d	1	1.36mi
209 Sooner St Wolfforth, TX	3.0	2.0	1951	$1,875	$0.96	44d	1	1.43mi

Listing history 9 events

1. 2026-05-31
   status $224,999 Pending 39 DOM
2. 2026-05-30
   days on market $224,999 Active 39 DOM
3. 2026-05-01
   price $224,999 381-char remark

   Show marketing remark (381 chars)

   This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

4. 2026-04-29
   price $224,999 582-char remark

   Show marketing remark (582 chars)

   The Morrow - This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living. Estimated Completion July 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

5. 2026-04-22
   price $239,999 381-char remark

   Show marketing remark (381 chars)

   This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

6. 2026-04-21
   listed $239,999 Active 582-char remark

   Show marketing remark (582 chars)

   The Morrow - This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living. Estimated Completion July 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

7. 2026-04-17
   price $243,999 381-char remark

   Show marketing remark (381 chars)

   This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

8. 2026-04-05
   price $239,999 381-char remark

   Show marketing remark (381 chars)

   This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

9. 2026-04-04
   listed $249,999 Active 381-char remark

   Show marketing remark (381 chars)

   This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

ⓘ 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: $596 · $50/mo
• Projected year-2 tax: $4,117 · $343/mo
• Expected delta: +$3,521/yr (+$293/mo · 590.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,818
• − Mortgage interest: −$12,603
• − Property taxes: −$596
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,905
• − Management: −$1,905
• − Depreciation: −$6,545
• Taxable loss: −$863
• Est. tax savings @ 24.0%: +$207
• After-tax cash flow: $3,143/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.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This new two-story home boasts a spacious and modern design with excellent condition and minimal repairs needed. It is move-in ready and ready to be enhanced with minor updates for increased value.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value.
• Both Painting interior walls — Fresh paint can make the home feel new and inviting.
• Both Add smart home features — Modernizes the home and adds value for both buyers and renters.
• Rental Install smart thermostat — Improves energy efficiency and reduces utility costs for renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both Painting interior walls — Fresh paint can make the home feel new and inviting. ↑
• Both Add smart home features — Modernizes the home and adds value for both buyers and renters. ↑
• Rental Install smart thermostat — Improves energy efficiency and reduces utility costs for renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-10.0% since first listed

7 events — show timeline

• 2026-05-01 Price Changed $224,999 Zillow
• 2026-04-29 Price Changed $224,999 LARMLS
• 2026-04-22 Price Changed $239,999 Zillow
• 2026-04-21 Listed $239,999 LARMLS
• 2026-04-17 Price Changed $243,999 Zillow
• 2026-04-05 Price Changed $239,999 Zillow
• 2026-04-04 Listed $249,999 Zillow

Property tax history

+2.5%/yr

Latest (2025): $596 · +2.5% YoY. Source: county tax records.