1907 45th St · Lubbock, TX 79412

$90,000

3 bd · 1.0 ba · 1,097 sqft · SingleFamily public records · 67 Days on market

Built 1959 7,950 sqft lot $82/sqft · 33% below area Est $135k · 33% under ↓ 20% 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 +16.9/30.0
• ARV discount +15.0/15.0
• 1% rule +5.4/10.0
• DSCR +5.3/10.0
• 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

Listing remarks MLS

At this price, you won't find updates like this. This 3 Bedroom, 1 Bathroom home has big improvements with a small price tag. New sewer lines, new windows, fresh interior and exterior paint, re-epoxied countertops, new flooring, updated electrical all in 2026. HVAC replaced in 2020, water heater in 2021. The big stuff is done, all that's left is moving in!

Key facts

• New flooring
• New sewer lines
• Fresh interior paint

Tags

• NEW SEWER LINES
• NEW WINDOWS
• FRESH INTERIOR PAINT
• FRESH EXTERIOR PAINT
• RE-EPOXIED COUNTERTOPS
• NEW FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $60 ($719/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($934 rent vs $90k).
• Recommended offer: $85k (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 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 $622 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

• It's been on market 67 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.

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 $84,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 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 1959 — 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: 1.04% ✓
• Cap rate: 7.09%
• Cash-on-cash: 2.85%
• DSCR: 1.13
• GRM: 8.0

CMA / ARV

• ARV (median comp): $135,118
• List price: $90,000
• Delta: -33.39%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1218 48th St	0.59mi	2/1.0 (-1)	1,040 (-5%)	13mo	$139,000	$134	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -10.7%
• Equity multiple: 0.61×
• Total profit: $-9,893
• Equity at exit: $13,419

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-57
• Equity at exit: $7,782

Cash invested: $25,200 (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: 8.0×

Monthly cashflow live

• Estimated rent: $934 high
• Mortgage (P&I): −$472
• Tax from tax record: −$168 /mo · $2,022/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $60

Break-even live

Break-even rent $858

Max offer price $90,000

Occupancy floor 89%

Sensitivity live

Price	-10% $111	-5% $85	+0% $60	+5% $34	+10% $9
Rent	-10% $-14	-5% $23	+0% $60	+5% $97	+10% $134
Rate	-1.0pp $105	-0.5pp $83	base $60	+0.5pp $37	+1.0pp $13

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	22d	1	0.09mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	14d	1	0.10mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	22d	1	0.13mi
1920 44th St Lubbock, TX	4.0	2.0	1391	$795	$0.57	22d	1	0.13mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	22d	1	0.24mi
2120 47th St Lubbock, TX	2.0	1.0	793	$795	$1.00	22d	1	0.34mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	22d	1	0.44mi
2108 38th St Lubbock, TX	3.0	2.0	1124	$900	$0.80	45d	1	0.55mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	22d	1	0.56mi
5005 Avenue W Lubbock, TX	2.0	1.0	759	$799	$1.05	22d	1	0.56mi
5005 Avenue W Lubbock, TX	2.0	1.0	759	$749	$0.99	45d	1	0.56mi
5005 Avenue W Lubbock, TX	2.0	1.0	759	$699	$0.92	14d	1	0.56mi
2316 47th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.56mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	22d	1	0.57mi
2315 48th St Lubbock, TX	3.0	1.0	1014	$1,350	$1.33	22d	1	0.59mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	22d	1	0.60mi
2402 46th St Unit B Lubbock, TX	2.0	1.0	942	$745	$0.79	22d	1	0.60mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	22d	1	0.61mi
2406 46th St Unit A Lubbock, TX	2.0	1.0	943	$775	$0.82	22d	1	0.62mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	45d	1	0.62mi
2401 45th St Lubbock, TX	1.0–2.0	1.0	680	$845	$1.24	14d	3	0.62mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.64mi
2304 39th St Lubbock, TX	2.0	1.0	830	$1,150	$1.39	22d	1	0.64mi
2412 46th St Apt A Lubbock, TX	2.0	1.0	945	$795	$0.84	22d	1	0.65mi
2409 45th St Unit 8 Lubbock, TX	2.0	1.0	800	$895	$1.12	45d	1	0.65mi
2011 35th St Lubbock, TX	2.0	1.0	810	$800	$0.99	45d	1	0.65mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	14d	1	0.66mi
2400 44th St Lubbock, TX	1.0–3.0	1.0–2.0	1015	$1,225	$1.21	14d	23	0.67mi
2107 35th St Unit A Lubbock, TX	2.0	1.0	1025	$800	$0.78	45d	1	0.68mi
1307 53rd St Unit 1307 C Lubbock, TX	2.0	1.0	755	$695	$0.92	45d	1	0.70mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	0.72mi
2504 44th St Lubbock, TX	2.0	1.0	939	$995	$1.06	45d	1	0.75mi
2208 35th St Unit B Lubbock, TX	2.0	1.0	767	$750	$0.98	45d	1	0.77mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	22d	1	0.78mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	14d	1	0.78mi
1618 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.79mi
1614 58th St Unit A Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.80mi
1612 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.80mi
1610 58th St Unit B Lubbock, TX	2.0	1.0	952	$950	$1.00	45d	1	0.80mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	45d	1	0.81mi

Listing history 7 events

1. 2026-05-30
   status $90,000 Pending 67 DOM
2. 2026-05-13
   price $90,000 358-char remark

   Show marketing remark (358 chars)

   At this price, you won't find updates like this. This 3 Bedroom, 1 Bathroom home has big improvements with a small price tag. New sewer lines, new windows, fresh interior and exterior paint, re-epoxied countertops, new flooring, updated electrical all in 2026. HVAC replaced in 2020, water heater in 2021. The big stuff is done, all that's left is moving in!

3. 2026-04-14
   price $99,900 358-char remark

   Show marketing remark (358 chars)

   At this price, you won't find updates like this. This 3 Bedroom, 1 Bathroom home has big improvements with a small price tag. New sewer lines, new windows, fresh interior and exterior paint, re-epoxied countertops, new flooring, updated electrical all in 2026. HVAC replaced in 2020, water heater in 2021. The big stuff is done, all that's left is moving in!

4. 2026-04-08
   price $108,500 358-char remark

   Show marketing remark (358 chars)

   At this price, you won't find updates like this. This 3 Bedroom, 1 Bathroom home has big improvements with a small price tag. New sewer lines, new windows, fresh interior and exterior paint, re-epoxied countertops, new flooring, updated electrical all in 2026. HVAC replaced in 2020, water heater in 2021. The big stuff is done, all that's left is moving in!

5. 2026-03-24
   listed $112,000 Active 358-char remark

   Show marketing remark (358 chars)

   At this price, you won't find updates like this. This 3 Bedroom, 1 Bathroom home has big improvements with a small price tag. New sewer lines, new windows, fresh interior and exterior paint, re-epoxied countertops, new flooring, updated electrical all in 2026. HVAC replaced in 2020, water heater in 2021. The big stuff is done, all that's left is moving in!

6. 2016-01-27
   soldstatus
7. 1982-03-01
   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: $2,022 · $168/mo
• Projected year-2 tax: $2,022 · $168/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $11,208
• − Mortgage interest: −$5,041
• − Property taxes: −$2,022
• − Insurance: −$450
• − Repairs & maintenance: −$897
• − Management: −$897
• − Depreciation: −$2,618
• Taxable loss: −$716
• Est. tax savings @ 24.0%: +$172
• After-tax cash flow: $891/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

-19.6% since first listed

6 events — show timeline

• 2026-05-13 Price Changed $90,000 LARMLS
• 2026-04-14 Price Changed $99,900 LARMLS
• 2026-04-08 Price Changed $108,500 LARMLS
• 2026-03-24 Listed $112,000 LARMLS
• 2016-01-27 Sold (Public Records) — Public Records
• 1982-03-01 Sold (Public Records) — Public Records

Property tax history

+3.9%/yr

Latest (2025): $2,022 · -12.2% YoY. Source: county tax records.