1306 61st St · Lubbock, TX 79412

$108,000

3 bd · 1.0 ba · 1,073 sqft · SingleFamily public records · 7 Days on market

Built 1959 6,810 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 +13.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 6,810 sq ft lot
• Built 1959
• Listed 7 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Paved road access
• Home design: Single-family residence; Residential property; Updated/remodeled condition
• Construction: Built with other construction materials; Composition roof; Pillar/post/pier foundation
• Exterior features: Storage; Other exterior features

Interior

• Kitchen: Dishwasher; Gas water heater
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $9 ($109/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 $97k (10.3% below list).
• Recommended offer: $97k (10.3% 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: Bayless El (math 47% / reading 33%, grade F, #1,514 of 4,322 statewide, top 36%, 518 students, 94% FRL); Atkins Middle (math 24% / reading 33%, grade F, #1,122 of 1,662 statewide, top 69%, 542 students, 87% FRL); Monterey H S (math 28% / reading 37%, grade F, #1,029 of 1,632 statewide, top 64%, 2,114 students, 72% FRL) — zoned schools average 84% FRL vs 60% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 110 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); 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $747 of loan paydown is wiped out by about $3k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $96,854 (10.3% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.90% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.36%
• DSCR: 1.02
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.87% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.47×
• Total profit: $-16,047
• Equity at exit: $16,103

10-year hold

• IRR: -4.6%
• Equity multiple: 0.68×
• Total profit: $-9,574
• Equity at exit: $9,338

Cash invested: $30,240 (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 79412

• Home prices YoY: -15.3%
• Rents YoY: 3.9%
• Active inventory: 110
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $969 high
• Mortgage (P&I): −$566
• Tax from tax record: −$145 /mo · $1,737/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $9

Break-even live

Break-even rent $957

Max offer price $108,000

Occupancy floor 94%

Sensitivity live

Price	-10% $70	-5% $40	+0% $9	+5% $-21	+10% $-52
Rent	-10% $-67	-5% $-29	+0% $9	+5% $47	+10% $86
Rate	-1.0pp $63	-0.5pp $37	base $9	+0.5pp $-19	+1.0pp $-47

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: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1307 61st St Lubbock, TX	3.0	1.0	1073	$1,150	$1.07	15d	1	0.07mi
1341 65th Dr Unit C Lubbock, TX	2.0	1.5	1000	$695	$0.69	23d	1	0.25mi
1303 65th St Lubbock, TX	2.0	1.0	850	$595	$0.70	23d	1	0.28mi
6130 Avenue P Lubbock, TX	4.0	2.0	1387	$1,100	$0.79	45d	1	0.28mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.30mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.32mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.32mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.34mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.47mi
5512 Avenue G Unit G Lubbock, TX	3.0	1.0	1117	$1,000	$0.90	45d	1	0.48mi
6518 Avenue S Lubbock, TX	2.0	1.0	990	$700	$0.71	23d	1	0.50mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.51mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	23d	1	0.53mi
5614 Avenue A Unit A Lubbock, TX	3.0	1.0	1129	$695	$0.62	23d	1	0.55mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	23d	1	0.56mi
7006 Avenue S Lubbock, TX	4.0	2.0	1498	$1,800	$1.20	45d	1	0.65mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$695	$0.86	23d	1	0.67mi
2035 63rd St Lubbock, TX	2.0	1.0	810	$795	$0.98	45d	1	0.67mi
1923 67th St Lubbock, TX	4.0	2.0	1467	$1,525	$1.04	45d	1	0.70mi
313 52nd St Lubbock, TX	4.0	1.0	1044	$975	$0.93	23d	1	0.81mi
1921 S Loop 289 Lubbock, TX	3.0	2.0	1121	$1,100	$0.98	45d	1	0.86mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	23d	1	0.90mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	23d	1	0.91mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	23d	1	0.93mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	23d	1	0.94mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	23d	1	0.95mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	23d	1	0.95mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	23d	1	0.95mi
2304 62nd St Unit A Lubbock, TX	2.0	1.0	838	$800	$0.95	15d	1	0.96mi
2105 South Loop 289 Unit A Lubbock, TX	2.0	1.0	962	$950	$0.99	15d	1	1.00mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	45d	1	1.02mi
2113 S Loop 289 Lubbock, TX	2.0	1.0	1000	$849	$0.85	45d	1	1.03mi
2113 South Loop 289 Unit B Lubbock, TX	2.0	1.0	950	$900	$0.95	15d	1	1.03mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	15d	1	1.07mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	15d	1	1.07mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	15d	1	1.08mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	15d	1	1.09mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	15d	1	1.09mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	15d	1	1.10mi
5005 Avenue W Lubbock, TX	2.0	1.0	759	$749	$0.99	46d	1	1.11mi

Listing history 6 events

1. 2026-05-30
   status $108,000 Pending 7 DOM
2. 2026-05-22
   listed $105,000 Active
3. 2025-08-21
   soldstatus
4. 2025-08-21
   soldstatus
5. 2003-07-31
   soldstatus
6. 1989-07-01
   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: $1,737 · $145/mo
• Projected year-2 tax: $1,976 · $165/mo
• Expected delta: +$240/yr (+$20/mo · 13.8%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 7% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,622
• − Mortgage interest: −$6,050
• − Property taxes: −$1,737
• − Insurance: −$540
• − Repairs & maintenance: −$930
• − Management: −$930
• − Depreciation: −$3,142
• Taxable loss: −$1,705
• Est. tax savings @ 24.0%: +$409
• After-tax cash flow: $518/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): 15,018
• Household income: $48,878
• Rent vs Own: 51.2% rent · 48.8% own
• Severe rent burden: 676.0

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: Hispanic / Latino 61% Two or more races 25% White 25% Black 10%
• Hispanic origin (detail): Mexican 51% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Serbian 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 67% English-only · Spanish 32% Arabic 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: ▼ -33.95%
• Current HPI: 188.4033
• Rent YoY: ▲ 3.87%
• 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

5 events — show timeline

• 2026-05-22 Listed $105,000 LARMLS
• 2025-08-21 Sold (Public Records) — Public Records
• 2025-08-21 Sold (Public Records) — Public Records
• 2003-07-31 Sold (Public Records) — Public Records
• 1989-07-01 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,737 · +16.9% YoY. Source: county tax records.