7413 37th St · Lubbock, TX 79407

$179,500

2 bd · 2.0 ba · 1,006 sqft · SingleFamily public records · 35 Days on market

Built 2023 Good condition 6,266 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 +10.6/30.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• 1% rule +3.6/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Up to $12k + 5.99% interest rate if we close before 11/20! This charming 2 bedroom cottage with charcoal gray vinyl is ready for YOU! These 1010sqft leave little to be desired. Comfort and connection will come easy in the open concept living room and kitchen area. The primary suite is nestled privately off the kitchen and separated from the second bedroom in the front of the home that also boasts it's own full bath. (Estimated completion: late October)

Key facts

• Outdoor entertaining
• Convenient area
• Expansive backyard

Tags

• OPEN-CONCEPT LAYOUT
• OVERSIZED LOT
• EXPANSIVE BACKYARD
• OUTDOOR ENTERTAINING
• CONVENIENT AREA

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Security: Owned security system
• Home design: Single-family residence; Residential property
• Construction: Brick and vinyl siding exterior; Composition roof; Slab foundation; Built area approximately 1,004 above-grade
• Exterior features: Private yard; Privacy wood fencing; Paved road access

Interior

• Kitchen: Disposal; Dishwasher; Electric cooktop; Electric oven; Microwave
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric); Ceiling fan cooling
• Interior features: Breakfast bar; Ceiling fans; Open floor plan; Pantry
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $180k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-89 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $164k (8.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (14.2% below list).
• Recommended offer: $154k (14.2% 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.
• 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.
• Zoned schools: Westwind El (math 34% / reading 37%, grade F, #1,946 of 4,322 statewide, top 45%, 601 students, 71% FRL); Terra Vista Middle (math 37% / reading 44%, grade F, #637 of 1,662 statewide, top 39%, 891 students, 66% FRL); Frenship H S (math 44% / reading 65%, grade C-, #379 of 1,632 statewide, top 26%, 3,247 students, 46% FRL) — zoned schools average 61% FRL vs 36% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 610 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% 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 30% 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 $5k 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 35 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Recommended offer $154,084 (14.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.86% ✗
• Cap rate: 5.70%
• Cash-on-cash: -2.13%
• DSCR: 0.91
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -23.4%
• Equity multiple: 0.22×
• Total profit: $-39,210
• Equity at exit: $26,764

10-year hold

• IRR: -30.0%
• Equity multiple: -0.17×
• Total profit: $-58,638
• Equity at exit: $15,520

Cash invested: $50,260 (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: 610
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,541 high
• Mortgage (P&I): −$941
• Tax from tax record: −$290 /mo · $3,482/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $-89

Break-even live

Break-even rent $1,654

Max offer price $163,771

Occupancy floor —

Sensitivity live

Price	-10% $13	-5% $-38	+0% $-89	+5% $-140	+10% $-191
Rent	-10% $-211	-5% $-150	+0% $-89	+5% $-28	+10% $33
Rate	-1.0pp $1	-0.5pp $-43	base $-89	+0.5pp $-136	+1.0pp $-183

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: $44,875
• Closing costs: $5,385
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7413 35th St Lubbock, TX	3.0	2.0	1247	$1,475	$1.18	22d	1	0.12mi
7420 35th St Lubbock, TX	3.0	2.0	1247	$1,500	$1.20	44d	1	0.14mi
3518 Turner Ave Lubbock, TX	3.0	2.0	1450	$2,199	$1.52	44d	1	0.35mi
7222 35th St Lubbock, TX	3.0	2.0	1450	$1,935	$1.33	44d	1	0.37mi
7541 33rd St Lubbock, TX	3.0	2.0	1296	$1,500	$1.16	22d	1	0.42mi
7535 32nd St Lubbock, TX	3.0	2.0	1120	$1,395	$1.25	44d	1	0.43mi
2911 Urbana Pl Lubbock, TX	3.0	2.0	1452	$1,800	$1.24	22d	1	0.47mi
7024 40th St Unit A Lubbock, TX	3.0	2.0	1500	$1,600	$1.07	44d	1	0.52mi
7022 40th St Unit A Lubbock, TX	3.0	2.0	1500	$1,600	$1.07	44d	1	0.54mi
7324 26th St Lubbock, TX	2.0	1.0	936	$850	$0.91	44d	1	0.70mi
6801 19th St Unit 179 Lubbock, TX	3.0	2.0	1008	$1,100	$1.09	44d	1	1.33mi
5805 Virginia Ave Lubbock, TX	3.0	2.0	1377	$1,800	$1.31	44d	1	1.37mi
6333 29th St Lubbock, TX	3.0	2.0	1051	$1,350	$1.28	14d	1	1.47mi

Listing history 19 events

1. 2026-06-18
   days on market $179,500 Active 35 DOM
2. 2026-06-17
   days on market $179,500 Active 34 DOM
3. 2026-06-16
   days on market $179,500 Active 33 DOM
4. 2026-06-15
   days on market $179,500 Active 32 DOM
5. 2026-06-13
   days on market $179,500 Active 29 DOM
6. 2026-06-10
   days on market $179,500 Active 27 DOM
7. 2026-06-09
   days on market $179,500 Active 26 DOM
8. 2026-06-08
   days on market $179,500 Active 25 DOM
9. 2026-06-07
   days on market $179,500 Active 24 DOM
10. 2026-06-05
    days on market $179,500 Active 21 DOM
11. 2026-06-03
    days on market $179,500 Active 20 DOM
12. 2026-06-02
    days on market $179,500 Active 19 DOM
13. 2026-06-01
    days on market $179,500 Active 18 DOM
14. 2026-05-31
    days on market $179,500 Active 17 DOM
15. 2026-05-30
    days on market $179,500 Active 16 DOM
16. 2026-05-14
    listed $179,500 Active
17. 2023-11-13
    soldstatus Closed 456-char remark

    Show marketing remark (456 chars)

    Up to $12k + 5.99% interest rate if we close before 11/20! This charming 2 bedroom cottage with charcoal gray vinyl is ready for YOU! These 1010sqft leave little to be desired. Comfort and connection will come easy in the open concept living room and kitchen area. The primary suite is nestled privately off the kitchen and separated from the second bedroom in the front of the home that also boasts it's own full bath. (Estimated completion: late October)

18. 2023-10-21
    status Pending 456-char remark

    Show marketing remark (456 chars)

    Up to $12k + 5.99% interest rate if we close before 11/20! This charming 2 bedroom cottage with charcoal gray vinyl is ready for YOU! These 1010sqft leave little to be desired. Comfort and connection will come easy in the open concept living room and kitchen area. The primary suite is nestled privately off the kitchen and separated from the second bedroom in the front of the home that also boasts it's own full bath. (Estimated completion: late October)

19. 2023-09-29
    listed $169,580 Active 456-char remark

    Show marketing remark (456 chars)

    Up to $12k + 5.99% interest rate if we close before 11/20! This charming 2 bedroom cottage with charcoal gray vinyl is ready for YOU! These 1010sqft leave little to be desired. Comfort and connection will come easy in the open concept living room and kitchen area. The primary suite is nestled privately off the kitchen and separated from the second bedroom in the front of the home that also boasts it's own full bath. (Estimated completion: late October)

ⓘ 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: $3,482 · $290/mo
• Projected year-2 tax: $3,482 · $290/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $18,490
• − Mortgage interest: −$10,055
• − Property taxes: −$3,482
• − Insurance: −$898
• − Repairs & maintenance: −$1,479
• − Management: −$1,479
• − Depreciation: −$5,222
• Taxable loss: −$4,125
• Est. tax savings @ 24.0%: +$990
• After-tax cash flow: $-79/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

Good 80/100 Cosmetic rehab

This charming and move-in ready home offers a bright open-concept layout with modern finishes and a spacious living area. The property is located in a convenient area close to shopping, dining, and schools, making it a fantastic opportunity for first-time buyers, downsizers, or investors alike.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and attract more potential buyers
• Both Add a smart home system — Modern technology can increase the home's appeal and value
• Both Install smart locks — Smart locks can improve security and convenience
• Both Add a smart thermostat — Smart thermostats can improve energy efficiency and comfort

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and attract more potential buyers ↑
• Both Add a smart home system — Modern technology can increase the home's appeal and value ↑
• Both Install smart locks — Smart locks can improve security and convenience ↑
• Both Add a smart thermostat — Smart thermostats can improve energy efficiency and comfort ↑

ⓘ 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 — 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

+5.8% since first listed

4 events — show timeline

• 2026-05-14 Listed $179,500 LARMLS
• 2023-11-13 Sold (MLS) — LARMLS
• 2023-10-21 Pending — LARMLS
• 2023-09-29 Listed $169,580 LARMLS

Property tax history

+5.8%/yr

Latest (2025): $3,482 · +5.8% YoY. Source: county tax records.