7419 64th St · Lubbock, TX 79407

$201,000

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 39 Days on market

Built 2026 Excellent condition 4,883 sqft lot ↓ 3% since listing

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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 +12.0/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Buy NOW and get up to $7,000 Use-It-Your-Way Cash! Discover the charm and efficiency of our cottage-style homes—perfect for first-time buyers. The Kathleen floor plan features a beautiful brick and vinyl exterior, an inviting covered entry, and a bright open-concept layout with luxury vinyl plank flooring throughout the main areas. Enjoy a modern kitchen with an island, granite or quartz countertops, stainless steel appliances, and upgraded fixtures. This thoughtfully designed home also offers a private master suite with a walk-in closet, plus two additional bedrooms and a second full bath. The Kathleen combines style, comfort, and affordability—everything you need to feel at ho

Key facts

• Covered entry
• Modern kitchen
• Island

Tags

• BRICK AND VINYL EXTERIOR
• COVERED ENTRY
• OPEN-CONCEPT LAYOUT
• LUXURY VINYL PLANK FLOORING
• MODERN KITCHEN
• ISLAND

Property features AI

Exterior

• Parking: Attached garage; Driveway
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Phone available
• Home design: Single family residence; New construction; Single-story
• Construction: Brick construction; Slab foundation; Composition roof; Built as new construction
• Exterior features: Private yard; Back yard; Front yard; Fenced yard (wood)

Interior

• Kitchen: Range; Free-standing range; Dishwasher; Disposal; Microwave
• Bedrooms: Total rooms: 5
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Open floor plan; Pantry
• Laundry & utility: Dedicated laundry room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $201k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-48 ($-580/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (15.6% below list).
• Recommended offer: $170k (15.6% 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.
• 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: Bennett El (math 62% / reading 64%, grade B, #300 of 4,322 statewide, top 7%, 876 students, 43% FRL); Frenship Middle (math 46% / reading 50%, grade C-, #400 of 1,662 statewide, top 24%, 833 students, 47% FRL); Frenship H S (math 44% / reading 65%, grade C-, #379 of 1,632 statewide, top 26%, 3,247 students, 46% FRL).
• Market conditions: Rents soft (-0.1%/yr); 613 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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 39 days — a 3% lower offer ($195k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $169,718 (15.6% 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 39 days. Have you received any prior offers? Is the seller open to a 16% 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: 0.84% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.03%
• DSCR: 0.95
• GRM: 9.9

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: -21.4%
• Equity multiple: 0.28×
• Total profit: $-40,595
• Equity at exit: $29,970

10-year hold

• IRR: -24.3%
• Equity multiple: -0.04×
• Total profit: $-58,427
• Equity at exit: $17,379

Cash invested: $56,280 (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: 9.9×

Monthly cashflow live

• Estimated rent: $1,697 high
• Mortgage (P&I): −$1,054
• Tax est. 1.5%: −$251 /mo · $3,015/yr
• Insurance: −$84
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $-48

Break-even live

Break-even rent $1,758

Max offer price $194,012

Occupancy floor 98%

Sensitivity live

Price	-10% $91	-5% $21	+0% $-48	+5% $-118	+10% $-187
Rent	-10% $-182	-5% $-115	+0% $-48	+5% $19	+10% $86
Rate	-1.0pp $53	-0.5pp $3	base $-48	+0.5pp $-100	+1.0pp $-153

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: $50,250
• Closing costs: $6,030
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6313 Volney Ave Lubbock, TX	2.0	2.0	1006	$1,495	$1.49	23d	1	0.12mi
5865 Virginia Ave Lubbock, TX	3.0	2.0	1500	$1,749	$1.17	45d	1	0.18mi
5805 Virginia Ave Lubbock, TX	3.0	2.0	1377	$1,800	$1.31	45d	1	0.36mi
1218 Preston TRL Unit A Wolfforth, TX	3.0	2.0	1420	$1,500	$1.06	23d	1	0.94mi
1216 Donald Preston Dr Unit B Wolfforth, TX	3.0	2.0	1450	$1,400	$0.97	45d	1	1.47mi
1224 Donald Preston Dr Unit B Wolfforth, TX	3.0	2.0	1400	$1,550	$1.11	45d	1	1.47mi
6140 71st St Lubbock, TX	3.0	2.5	1350	$1,550	$1.15	15d	1	1.50mi

Listing history 26 events

1. 2026-06-17
   status $201,000 Pending 39 DOM
2. 2026-06-17
   days on market $201,000 Active 39 DOM
3. 2026-06-16
   days on market $201,000 Active 38 DOM
4. 2026-06-15
   days on market $201,000 Active 37 DOM
5. 2026-06-13
   days on market $201,000 Active 34 DOM
6. 2026-06-10
   days on market $201,000 Active 32 DOM
7. 2026-06-09
   days on market $201,000 Active 31 DOM
8. 2026-06-08
   days on market $201,000 Active 30 DOM
9. 2026-06-07
   days on market $201,000 Active 29 DOM
10. 2026-06-03
    days on market $201,000 Active 26 DOM
11. 2026-06-02
    days on market $201,000 Active 25 DOM
12. 2026-06-01
    days on market $201,000 Active 24 DOM
13. 2026-05-31
    days on market $201,000 Active 23 DOM
14. 2026-05-30
    days on market $201,000 Active 22 DOM
15. 2026-05-20
    price $201,000 702-char remark
16. 2026-05-20
    price $201,000 356-char remark
17. 2026-05-08
    listed $208,000 Active 702-char remark
18. 2026-05-04
    status Active 356-char remark
19. 2026-04-29
    historical 356-char remark
20. 2026-04-28
    price $208,000 356-char remark
21. 2026-04-16
    status Active 356-char remark
22. 2026-04-16
    historical 356-char remark
23. 2026-04-13
    price $213,830 356-char remark
24. 2026-03-12
    price $207,830 356-char remark
25. 2026-02-12
    price $204,830 356-char remark
26. 2025-12-01
    listed $199,830 Active 356-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,366
• − Mortgage interest: −$11,259
• − Property taxes: −$3,015
• − Insurance: −$1,005
• − Repairs & maintenance: −$1,629
• − Management: −$1,629
• − Depreciation: −$5,847
• Taxable loss: −$4,019
• Est. tax savings @ 24.0%: +$965
• After-tax cash flow: $385/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

Excellent 95/100 None rehab

This Kathleen floor plan home is move-in ready with excellent condition and a modern design. It offers a private master suite, two additional bedrooms, and an open-concept layout with luxury vinyl plank flooring. The home is located in a desirable neighborhood with a fenced yard and a covered entry.

Value-add opportunities

• Both landscaping — improves curb appeal and adds value
• Both furniture — adds comfort and personalization
• Both smart home integration — enhances convenience and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — improves curb appeal and adds value ↑
• Both furniture — adds comfort and personalization ↑
• Both smart home integration — enhances convenience and adds value ↑

ⓘ 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

-3.4% since first listed

5 events — show timeline

• 2026-06-17 Pending — LARMLS
• 2026-06-04 Relisted — LARMLS
• 2026-06-04 Pending — LARMLS
• 2026-05-20 Price Changed $201,000 LARMLS
• 2026-05-08 Listed $208,000 LARMLS