5310 24th St · Lubbock, TX 79407

$184,500

3 bd · 2.0 ba · 2,032 sqft · SingleFamily public records · 80 Days on market

Built 1961 9,800 sqft lot $91/sqft · at area comps Est $182k · at est.

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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 +15.1/30.0
• ARV discount +6.8/15.0
• DSCR +4.6/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this LCU Charmer with Endless Possibilities!! This home is a clean and move-in ready 3-bedroom, 2-bathroom house! One of the standout features is the generously sized bonus room, perfect for use as a 4th bedroom, game room, or additional living space. Plus, don't miss the spacious second living area--there's so much potential here! Enjoy a neighborhood easily accessible to schools, parks, local shopping, and dining options, catering to all your daily needs. It's just a short drive to Texas Tech University and Lubbock Christian University, making it perfect for students or faculty members. Medical professionals will appreciate the convenience of being near the medical district, reducing commute times and enhancing work-life balance. It has been thoughtfully updated with new flooring and freshly painted walls throughout, giving it a fresh and modern appeal. New custom windows with transferable lifetime warranty. Step outside to discover the expansive backyard, which includes a useful storage shed--perfect for all your outdoor needs and new gutters with a lifetime warranty as well. Don't miss out on this fantastic opportunity to make this house your home. Schedule your viewing today!

Key facts

• New flooring
• Bonus room
• Second living area

Tags

• BONUS ROOM
• SECOND LIVING AREA
• NEAR MEDICAL DISTRICT
• NEW FLOORING
• FRESHLY PAINTED WALLS
• NEW CUSTOM WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $184k.

Deal economics

• At list price, monthly cash flow is $60 ($715/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 $170k (7.6% below list).
• Recommended offer: $170k (7.6% below list) — sets the bar for 1% rule.

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: Mackenzie Middle (math 19% / reading 27%, grade F, #1,327 of 1,662 statewide, top 81%, 515 students, 88% FRL); Coronado H S (math 34% / reading 38%, grade F, #930 of 1,632 statewide, top 57%, 1,960 students, 66% FRL) — zoned schools average 77% FRL vs 60% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 613 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); 40% 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).
• This rent runs 33% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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

• 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 $170,484 (7.6% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.92% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.38%
• DSCR: 1.06
• GRM: 9.0

CMA / ARV

• ARV (median comp): $181,632
• List price: $184,500
• Delta: 1.58%
• Verdict: FAIR
• Comps: 4 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.40×
• Total profit: $-31,063
• Equity at exit: $27,510

10-year hold

• IRR: -16.7%
• Equity multiple: 0.20×
• Total profit: $-41,334
• Equity at exit: $15,952

Cash invested: $51,660 (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 79407

• Home prices YoY: -16.3%
• Rents YoY: -0.1%
• Active inventory: 613
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,705 high
• Mortgage (P&I): −$968
• Tax from tax record: −$243 /mo · $2,914/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $60

Break-even live

Break-even rent $1,629

Max offer price $184,500

Occupancy floor 92%

Sensitivity live

Price	-10% $164	-5% $112	+0% $60	+5% $7	+10% $-45
Rent	-10% $-75	-5% $-8	+0% $60	+5% $127	+10% $194
Rate	-1.0pp $153	-0.5pp $107	base $60	+0.5pp $12	+1.0pp $-37

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: $46,125
• Closing costs: $5,535
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5211 17th St Lubbock, TX	4.0	2.0	2316	$2,000	$0.86	45d	1	0.54mi
5417 17th St Lubbock, TX	3.0	2.0	2198	$1,600	$0.73	45d	1	0.54mi
5221 16th St Lubbock, TX	3.0	2.0	1480	$1,450	$0.98	15d	1	0.58mi
5209 15th St Lubbock, TX	4.0	2.0	2193	$1,849	$0.84	23d	1	0.66mi
5216 15th St Lubbock, TX	3.0	2.0	1848	$1,695	$0.92	45d	1	0.68mi
5518 16th Pl Lubbock, TX	3.0	2.0	1637	$1,700	$1.04	15d	1	0.69mi
4903 17th St Lubbock, TX	3.0	2.0	1907	$1,900	$1.00	15d	1	0.72mi
5230 14th St Lubbock, TX	3.0	2.0	1458	$1,350	$0.93	15d	1	0.72mi
2409 Utica Ave Lubbock, TX	3.0	1.5	1693	$1,400	$0.83	23d	1	0.76mi
5406 36th St Lubbock, TX	3.0	2.0	1400	$695	$0.50	45d	1	0.78mi
5603 15th St Lubbock, TX	3.0	2.0	1564	$2,000	$1.28	15d	1	0.79mi
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	15d	1	0.90mi
4814 16th St Lubbock, TX	3.0	2.0	1636	$1,795	$1.10	15d	1	0.90mi
5604 38th St Lubbock, TX	3.0	2.0	1442	$1,400	$0.97	23d	1	0.93mi
4821 13th St Lubbock, TX	4.0	2.0	2679	$2,200	$0.82	45d	1	0.94mi
3705 Elkhart Ave Lubbock, TX	4.0	2.0	1507	$1,650	$1.09	23d	1	0.96mi
5318 39th St Lubbock, TX	3.0	2.0	1736	$1,375	$0.79	15d	1	0.97mi
4803 15th St Lubbock, TX	4.0	2.0	2369	$2,500	$1.06	45d	1	0.98mi
4702 31st St Lubbock, TX	3.0	2.0	1600	$1,450	$0.91	45d	1	1.00mi
4914 11th St Lubbock, TX	3.0	2.0	1542	$1,650	$1.07	23d	1	1.00mi
5724 36th St Lubbock, TX	4.0	2.0	1696	$1,600	$0.94	45d	1	1.01mi
5501 9th St Lubbock, TX	4.0	2.0	1867	$1,800	$0.96	23d	1	1.02mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	23d	1	1.10mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	23d	1	1.10mi
6040 24th St Unit 17 Lubbock, TX	3.0	3.5	1700	$1,729	$1.02	45d	1	1.18mi
6040 24th St Unit 17 Lubbock, TX	3.0	2.0	1700	$1,729	$1.02	23d	1	1.18mi
6040 24th St Unit 33 Lubbock, TX	3.0	3.5	1795	$1,600	$0.89	23d	1	1.18mi
6040 24th St Unit 8 Lubbock, TX	3.0	3.5	1699	$1,600	$0.94	45d	1	1.18mi
6040 24th St Apt 25 Lubbock, TX	3.0	3.5	1795	$1,700	$0.95	45d	1	1.18mi
6040 24th St Unit 16 Lubbock, TX	3.0	3.5	1600	$1,699	$1.06	15d	1	1.18mi
6040 24th St Lubbock, TX	3.0	3.5	1795	$1,650	$0.92	45d	1	1.18mi
6040 24th St Apt 25 Lubbock, TX	3.0	2.5	1795	$1,700	$0.95	23d	1	1.18mi
6040 24th St Lubbock, TX	3.0	3.0	1795	$1,799	$1.00	23d	1	1.18mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	23d	1	1.19mi
5811 11th Pl Unit 9 Lubbock, TX	3.0	2.5	2404	$2,000	$0.83	45d	1	1.19mi
601 Chicago Ave Lubbock, TX	4.0	2.0	1570	$1,400	$0.89	23d	1	1.21mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	45d	1	1.22mi
4430 33rd St Lubbock, TX	3.0	2.0	1402	$1,100	$0.78	45d	1	1.22mi
4428 33rd St Lubbock, TX	3.0	1.5	1685	$1,375	$0.82	45d	1	1.23mi
4803 8th St Lubbock, TX	3.0	2.0	1750	$1,600	$0.91	23d	1	1.30mi

Listing history 29 events

1. 2026-06-22
   days on market $184,500 Active 80 DOM
2. 2026-06-18
   days on market $184,500 Active 77 DOM
3. 2026-06-17
   days on market $184,500 Active 76 DOM
4. 2026-06-16
   days on market $184,500 Active 75 DOM
5. 2026-06-15
   days on market $184,500 Active 74 DOM
6. 2026-06-14
   days on market $184,500 Active 72 DOM
7. 2026-06-13
   days on market $184,500 Active 71 DOM
8. 2026-06-10
   days on market $184,500 Active 69 DOM
9. 2026-06-09
   days on market $184,500 Active 68 DOM
10. 2026-06-08
    days on market $184,500 Active 67 DOM
11. 2026-06-07
    days on market $184,500 Active 66 DOM
12. 2026-06-05
    days on market $184,500 Active 63 DOM
13. 2026-06-03
    days on market $184,500 Active 62 DOM
14. 2026-06-02
    days on market $184,500 Active 61 DOM
15. 2026-06-01
    days on market $184,500 Active 60 DOM
16. 2026-05-31
    days on market $184,500 Active 59 DOM
17. 2026-05-30
    days on market $184,500 Active 58 DOM
18. 2026-04-02
    listed $184,500 Active 1218-char remark

    Show marketing remark (1218 chars)

    Welcome to this LCU Charmer with Endless Possibilities!! This home is a clean and move-in ready 3-bedroom, 2-bathroom house! One of the standout features is the generously sized bonus room, perfect for use as a 4th bedroom, game room, or additional living space. Plus, don't miss the spacious second living area--there's so much potential here! Enjoy a neighborhood easily accessible to schools, parks, local shopping, and dining options, catering to all your daily needs. It's just a short drive to Texas Tech University and Lubbock Christian University, making it perfect for students or faculty members. Medical professionals will appreciate the convenience of being near the medical district, reducing commute times and enhancing work-life balance. It has been thoughtfully updated with new flooring and freshly painted walls throughout, giving it a fresh and modern appeal. New custom windows with transferable lifetime warranty. Step outside to discover the expansive backyard, which includes a useful storage shed--perfect for all your outdoor needs and new gutters with a lifetime warranty as well. Don't miss out on this fantastic opportunity to make this house your home. Schedule your viewing today!

19. 2025-10-22
    price $188,500
20. 2025-08-21
    price $199,900
21. 2025-07-20
    price $208,000
22. 2022-03-08
    soldstatus
23. 2022-03-04
    soldstatus
24. 2021-12-27
    listed $179,900
25. 2021-10-18
    listed $179,900
26. 2021-10-04
    listed $179,900
27. 2021-04-05
    soldstatus
28. 1992-07-01
    soldstatus
29. 1992-07-01
    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: $2,914 · $243/mo
• Projected year-2 tax: $3,376 · $281/mo
• Expected delta: +$463/yr (+$39/mo · 15.9%)

ⓘ 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: $20,458
• − Mortgage interest: −$10,335
• − Property taxes: −$2,914
• − Insurance: −$922
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − Depreciation: −$5,367
• Taxable loss: −$2,353
• Est. tax savings @ 24.0%: +$565
• After-tax cash flow: $1,280/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): 24,000
• Household income: $61,509
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 1914.0

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 0.56)
• Race & ethnicity: White 58% Hispanic / Latino 31% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 5% · Canada, South Korea, China
• Languages at home: 83% English-only · Spanish 13% Other Asian/Pacific 1% 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: ▼ -44.87%
• Current HPI: 229.9895
• Rent YoY: ▼ -0.07%
• 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

+2.6% since first listed

12 events — show timeline

• 2026-04-02 Listed $184,500 LARMLS
• 2025-10-22 Price Changed $188,500 LARMLS
• 2025-08-21 Price Changed $199,900 LARMLS
• 2025-07-20 Price Changed $208,000 LARMLS
• 2022-03-08 Sold (Public Records) — Public Records
• 2022-03-04 Sold (MLS) — LARMLS
• 2021-12-27 Listed $179,900 LARMLS
• 2021-10-18 Listed $179,900 LARMLS
• 2021-10-04 Listed $179,900 LARMLS
• 2021-04-05 Sold (Public Records) — Public Records
• 1992-07-01 Sold (Public Records) — Public Records
• 1992-07-01 Sold (Public Records) — Public Records

Property tax history

+4.1%/yr

Latest (2025): $2,914 · -8.6% YoY. Source: county tax records.