4725 48th St · Lubbock, TX 79414

$128,000

2 bd · 3.0 ba · 1,636 sqft · Townhouse public records · 89 Days on market

Built 1976 2,112 sqft lot

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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 +19.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great townhome ready for YOU! This property has been well maintained and sits on a great street. The home has 2 large bedrooms, and 2 Full bathrooms, with a half bathroom for guests. Front yard has been manicured, and has new mulch and work done front and back. The living room has a fireplace, centered in the room for a great focal point, and offers tons of space in the room. The kitchen has granite counters, stainless steel appliances, and open working space, with a combined dining area with plenty of room for a table. The back has a 2 car carport that is oversized. Come check this one out ASAP!

Key facts

• Oversized carport
• Granite counters
• Fireplace

Tags

• GRANITE COUNTERS
• STAINLESS STEEL APPLIANCES
• FIREPLACE
• OVERSIZED CARPORT

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath townhouse listed at $128k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $128k).
• Recommended offer: $120k (6.0% 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-, schools D+, 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.
• Market conditions: Rents flat; 89 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 32% of the median local income ($49k/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 $885 of loan paydown is wiped out by about $4k 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 89 days — a 6% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y 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.
• Current owner paid $79k; list at $128k implies a 62% gain — meaningful room to come down on a strong offer.

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 $120,320 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — 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. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 7.55%
• Cash-on-cash: 4.47%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.57×
• Total profit: $-15,345
• Equity at exit: $19,085

10-year hold

• IRR: -7.2%
• Equity multiple: 0.59×
• Total profit: $-14,563
• Equity at exit: $11,067

Cash invested: $35,840 (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 79414

• Home prices YoY: -27.8%
• Rents YoY: 0.6%
• Active inventory: 89
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,312 high
• Mortgage (P&I): −$671
• Tax from tax record: −$178 /mo · $2,136/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $134

Break-even live

Break-even rent $1,142

Max offer price $128,000

Occupancy floor 85%

Sensitivity live

Price	-10% $206	-5% $170	+0% $134	+5% $97	+10% $61
Rent	-10% $30	-5% $82	+0% $134	+5% $185	+10% $237
Rate	-1.0pp $198	-0.5pp $166	base $134	+0.5pp $100	+1.0pp $67

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: $32,000
• Closing costs: $3,840
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,043	$0.97	14d	9	0.15mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	45d	1	0.26mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	22d	1	0.26mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	22d	1	0.28mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	14d	1	0.28mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	45d	1	0.29mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	22d	1	0.31mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	45d	1	0.31mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	45d	1	0.33mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	14d	1	0.34mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	45d	1	0.41mi
4907 41st St Lubbock, TX	3.0	2.0	1196	$1,200	$1.00	45d	1	0.45mi
5011 52nd St Lubbock, TX	3.0	2.0	1292	$1,500	$1.16	22d	1	0.47mi
5101 44th St Lubbock, TX	3.0	2.0	1160	$1,350	$1.16	22d	1	0.48mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	14d	1	0.48mi
4320 52nd St Unit B Lubbock, TX	2.0	1.5	1200	$1,395	$1.16	45d	1	0.54mi
4314 52nd St Unit A Lubbock, TX	3.0	2.0	1863	$1,400	$0.75	22d	1	0.57mi
4413 40th St Lubbock, TX	3.0	1.0	1152	$1,350	$1.17	22d	1	0.57mi
4313 53rd St Unit B Lubbock, TX	2.0	1.5	1368	$1,200	$0.88	45d	1	0.62mi
4315 41st St Lubbock, TX	3.0	2.0	1558	$1,450	$0.93	22d	1	0.64mi
4310 42nd St Lubbock, TX	3.0	2.0	1754	$1,700	$0.97	45d	1	0.65mi
5204 50th St Lubbock, TX	2.0–3.0	2.0	1050	$939	$0.89	14d	2	0.66mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	22d	1	0.67mi
4711 58th St Unit A Lubbock, TX	3.0	1.5	1100	$1,025	$0.93	22d	1	0.68mi
4210 52nd St Lubbock, TX	3.0	2.0	1715	$1,575	$0.92	14d	1	0.69mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	22d	1	0.71mi
4213 54th St Lubbock, TX	3.0	2.0	1680	$1,550	$0.92	14d	1	0.75mi
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.75mi
5117 Albany Ave Lubbock, TX	3.0	2.0	1558	$1,500	$0.96	45d	1	0.75mi
5128 Aberdeen Ave Unit 206 Lubbock, TX	2.0	1.5	1100	$915	$0.83	22d	1	0.76mi
5128 Aberdeen Ave Lubbock, TX	1.0–2.0	1.0–1.5	925	$915	$0.99	22d	9	0.76mi
4806 60th St Lubbock, TX	3.0	2.0	1423	$1,375	$0.97	14d	1	0.77mi
4608 60th St Lubbock, TX	3.0	2.0	1769	$1,650	$0.93	22d	1	0.78mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	22d	1	0.79mi
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	14d	1	0.83mi
4313 58th St Lubbock, TX	2.0	1.5	1165	$1,099	$0.94	45d	1	0.83mi
4303 58th St Unit a Lubbock, TX	2.0	1.5	1170	$1,050	$0.90	45d	1	0.87mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	22d	1	0.90mi
5016 61st St Lubbock, TX	2.0	2.0	1395	$1,500	$1.08	45d	1	0.91mi
5401 50th St Lubbock, TX	1.0–3.0	1.0–2.0	1018	$899	$0.88	14d	11	0.92mi

Listing history 29 events

1. 2026-06-18
   days on market $128,000 Active 89 DOM
2. 2026-06-17
   days on market $128,000 Active 88 DOM
3. 2026-06-16
   days on market $128,000 Active 87 DOM
4. 2026-06-15
   days on market $128,000 Active 86 DOM
5. 2026-06-14
   days on market $128,000 Active 84 DOM
6. 2026-06-13
   days on market $128,000 Active 83 DOM
7. 2026-06-10
   days on market $128,000 Active 81 DOM
8. 2026-06-09
   days on market $128,000 Active 80 DOM
9. 2026-06-08
   days on market $128,000 Active 79 DOM
10. 2026-06-07
    days on market $128,000 Active 78 DOM
11. 2026-06-05
    days on market $128,000 Active 75 DOM
12. 2026-06-03
    days on market $128,000 Active 74 DOM
13. 2026-06-02
    days on market $128,000 Active 73 DOM
14. 2026-06-01
    days on market $128,000 Active 72 DOM
15. 2026-05-31
    days on market $128,000 Active 71 DOM
16. 2026-05-30
    days on market $128,000 Active 70 DOM
17. 2026-05-01
    price $128,000 603-char remark

    Show marketing remark (603 chars)

    Great townhome ready for YOU! This property has been well maintained and sits on a great street. The home has 2 large bedrooms, and 2 Full bathrooms, with a half bathroom for guests. Front yard has been manicured, and has new mulch and work done front and back. The living room has a fireplace, centered in the room for a great focal point, and offers tons of space in the room. The kitchen has granite counters, stainless steel appliances, and open working space, with a combined dining area with plenty of room for a table. The back has a 2 car carport that is oversized. Come check this one out ASAP!

18. 2026-03-21
    listed $130,000 Active 603-char remark

    Show marketing remark (603 chars)

    Great townhome ready for YOU! This property has been well maintained and sits on a great street. The home has 2 large bedrooms, and 2 Full bathrooms, with a half bathroom for guests. Front yard has been manicured, and has new mulch and work done front and back. The living room has a fireplace, centered in the room for a great focal point, and offers tons of space in the room. The kitchen has granite counters, stainless steel appliances, and open working space, with a combined dining area with plenty of room for a table. The back has a 2 car carport that is oversized. Come check this one out ASAP!

19. 2023-03-17
    soldstatus Closed 325-char remark

    Show marketing remark (325 chars)

    2 Bedroom, 2.5 Bath Townhome With 2 Car Carport -Each bedroom has their own bath, with 1/2 bath downstairs. Updated appliances, water heater and a/c. Granite counters in kitchen, neutral paint throughout. TONS of storage space! Fireplace in living room, covered back porch. Ideal for investors, first time buyers or students!

20. 2023-03-17
    soldstatus

    Show marketing remark (325 chars)

    2 Bedroom, 2.5 Bath Townhome With 2 Car Carport -Each bedroom has their own bath, with 1/2 bath downstairs. Updated appliances, water heater and a/c. Granite counters in kitchen, neutral paint throughout. TONS of storage space! Fireplace in living room, covered back porch. Ideal for investors, first time buyers or students!

21. 2023-03-17
    soldstatus

    Show marketing remark (325 chars)

    2 Bedroom, 2.5 Bath Townhome With 2 Car Carport -Each bedroom has their own bath, with 1/2 bath downstairs. Updated appliances, water heater and a/c. Granite counters in kitchen, neutral paint throughout. TONS of storage space! Fireplace in living room, covered back porch. Ideal for investors, first time buyers or students!

22. 2023-02-17
    status Pending 325-char remark

    Show marketing remark (325 chars)

    2 Bedroom, 2.5 Bath Townhome With 2 Car Carport -Each bedroom has their own bath, with 1/2 bath downstairs. Updated appliances, water heater and a/c. Granite counters in kitchen, neutral paint throughout. TONS of storage space! Fireplace in living room, covered back porch. Ideal for investors, first time buyers or students!

23. 2023-02-13
    listed $115,000 Active 325-char remark

    Show marketing remark (325 chars)

    2 Bedroom, 2.5 Bath Townhome With 2 Car Carport -Each bedroom has their own bath, with 1/2 bath downstairs. Updated appliances, water heater and a/c. Granite counters in kitchen, neutral paint throughout. TONS of storage space! Fireplace in living room, covered back porch. Ideal for investors, first time buyers or students!

24. 2020-11-02
    soldstatus
25. 2020-10-30
    soldstatus
26. 2020-09-14
    listed $94,000
27. 2020-01-13
    listed $104,000
28. 2007-07-10
    soldstatus $79,000
29. 2004-06-01
    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: $2,136 · $178/mo
• Projected year-2 tax: $2,342 · $195/mo
• Expected delta: +$207/yr (+$17/mo · 9.7%)

ⓘ 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: $15,739
• − Mortgage interest: −$7,170
• − Property taxes: −$2,136
• − Insurance: −$640
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$3,724
• Taxable loss: −$448
• Est. tax savings @ 24.0%: +$108
• After-tax cash flow: $1,711/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): 17,596
• Household income: $49,057
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 1330.0

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 0.62)
• Race & ethnicity: White 47% Hispanic / Latino 39% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 82% English-only · Spanish 16%

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: ▼ -95.31%
• Current HPI: 247.7963
• Rent YoY: ▲ 0.56%
• 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

+62.0% since first listed

13 events — show timeline

• 2026-05-01 Price Changed $128,000 LARMLS
• 2026-03-21 Listed $130,000 LARMLS
• 2023-03-17 Sold (Public Records) — Public Records
• 2023-03-17 Sold (Public Records) — Public Records
• 2023-03-17 Sold (MLS) — LARMLS
• 2023-02-17 Pending — LARMLS
• 2023-02-13 Listed $115,000 LARMLS
• 2020-11-02 Sold (Public Records) — Public Records
• 2020-10-30 Sold (MLS) — LARMLS
• 2020-09-14 Listed $94,000 LARMLS
• 2020-01-13 Listed $104,000 LARMLS
• 2007-07-10 Sold (Public Records) $79,000 Public Records
• 2004-06-01 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,136 · -2.6% YoY. Source: county tax records.