1106 35th St · Lubbock, TX 79412

$55,000

3 bd · 1.0 ba · 1,564 sqft · SingleFamily public records · 222 Days on market

Built 1944 6,550 sqft lot $35/sqft · 48% below area Est $106k · 48% under

---

Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Listing remarks MLS

Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

Key facts

• Investment property
• Two living areas
• Lubbock isd

Tags

• INVESTMENT PROPERTY
• TEXAS TECH UNIVERSITY
• LUBBOCK ISD
• FRONT AND BACK HOUSE
• 1 BEDROOM UNIT
• TWO LIVING AREAS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $475 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $48k (12.0% 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 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: built in 1944 — 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 $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — 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: 1.95% ✓
• Cap rate: 16.66%
• Cash-on-cash: 37.02%
• DSCR: 2.65
• GRM: 4.3

CMA / ARV

• ARV (median comp): $105,660
• List price: $55,000
• Delta: -47.95%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1314 46th Pl	0.72mi	3/2.0	1,425 (-9%)	24mo	$140,000	$98	28

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: 33.9%
• Equity multiple: 2.45×
• Total profit: $22,311
• Equity at exit: $8,201

10-year hold

• IRR: 41.3%
• Equity multiple: 5.05×
• Total profit: $62,406
• Equity at exit: $4,755

Cash invested: $15,400 (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: 4.3×

Monthly cashflow live

• Estimated rent: $1,074 high
• Mortgage (P&I): −$288
• Tax from tax record: −$62 /mo · $746/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $475

Break-even live

Break-even rent $473

Max offer price $55,000

Occupancy floor 51%

Sensitivity live

Price	-10% $506	-5% $491	+0% $475	+5% $460	+10% $444
Rent	-10% $390	-5% $433	+0% $475	+5% $518	+10% $560
Rate	-1.0pp $503	-0.5pp $489	base $475	+0.5pp $461	+1.0pp $446

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	44d	1	0.48mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	14d	1	0.57mi
1610 28th St Unit A Lubbock, TX	2.0	2.0	1060	$750	$0.71	14d	1	0.60mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	14d	1	0.65mi
1517 25th St Lubbock, TX	3.0	2.0	1514	$1,095	$0.72	22d	1	0.65mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	14d	1	0.73mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	14d	1	0.74mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	14d	1	0.76mi
2003 32nd St Unit A Lubbock, TX	2.0	2.0	1228	$1,150	$0.94	44d	1	0.77mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	14d	1	0.78mi
1718 43rd St Lubbock, TX	4.0	2.0	1870	$1,075	$0.57	22d	1	0.79mi
1901 26th St Lubbock, TX	2.0	1.0	1142	$950	$0.83	22d	1	0.82mi
2103 33rd St Lubbock, TX	2.0	1.0	1075	$700	$0.65	14d	1	0.83mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$925	$0.66	44d	1	0.85mi
2106 32nd St Lubbock, TX	3.0	1.0	1398	$695	$0.50	22d	1	0.85mi
1920 27th St Unit 1 Lubbock, TX	3.0	3.0	1366	$1,500	$1.10	44d	1	0.86mi
1915 26th St Lubbock, TX	3.0	1.0	1221	$1,100	$0.90	44d	1	0.86mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	22d	1	0.87mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	14d	1	0.88mi
1716 24th St Lubbock, TX	4.0	2.0	1742	$1,850	$1.06	44d	1	0.89mi
2119 32nd St Lubbock, TX	2.0	1.0	1055	$950	$0.90	44d	1	0.90mi
2108 38th St Lubbock, TX	3.0	2.0	1124	$900	$0.80	44d	1	0.92mi
1920 44th St Lubbock, TX	4.0	2.0	1391	$795	$0.57	22d	1	0.93mi
1904 24th St Lubbock, TX	3.0	1.0	1172	$1,100	$0.94	44d	1	0.94mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	22d	1	0.97mi
2211 33rd St Unit A Lubbock, TX	3.0	1.5	1293	$1,200	$0.93	44d	1	0.99mi
2115 27th St Unit A Lubbock, TX	2.0	1.0	1148	$875	$0.76	22d	1	1.00mi
2201 28th St Lubbock, TX	3.0	1.0	1246	$995	$0.80	22d	1	1.02mi
2603 Elm Ave Lubbock, TX	3.0	2.0	1214	$1,175	$0.97	44d	1	1.07mi
2009 23rd St Lubbock, TX	3.0	1.0	1615	$1,249	$0.77	44d	1	1.07mi
2215 36th St Lubbock, TX	3.0	2.0	1578	$1,450	$0.92	44d	1	1.08mi
2119 25th St Lubbock, TX	3.0	1.5	1184	$1,200	$1.01	44d	1	1.08mi
2217 36th St Lubbock, TX	3.0	1.0	1284	$1,109	$0.86	14d	1	1.09mi
2220 29th St Lubbock, TX	3.0	2.0	2032	$1,300	$0.64	44d	1	1.10mi
1912 21st St Lubbock, TX	3.0	2.0	1473	$1,025	$0.70	44d	1	1.13mi
2118 24th St Lubbock, TX	3.0	1.0	1435	$1,000	$0.70	22d	1	1.13mi
1912 20th St Unit A Lubbock, TX	3.0	2.0	1590	$1,000	$0.63	22d	1	1.18mi
2113 22nd St Lubbock, TX	2.0	1.0	1404	$850	$0.61	22d	1	1.19mi
2220 25th St Lubbock, TX	4.0	1.0	1077	$695	$0.65	22d	1	1.20mi
2319 28th St Lubbock, TX	4.0	2.0	2146	$1,650	$0.77	22d	1	1.23mi

Listing history 32 events

1. 2026-06-18
   days on market $55,000 Active 222 DOM
2. 2026-06-17
   days on market $55,000 Active 221 DOM
3. 2026-06-16
   days on market $55,000 Active 220 DOM
4. 2026-06-15
   days on market $55,000 Active 219 DOM
5. 2026-06-14
   days on market $55,000 Active 217 DOM
6. 2026-06-13
   days on market $55,000 Active 216 DOM
7. 2026-06-10
   days on market $55,000 Active 214 DOM
8. 2026-06-09
   days on market $55,000 Active 213 DOM
9. 2026-06-08
   days on market $55,000 Active 212 DOM
10. 2026-06-07
    days on market $55,000 Active 211 DOM
11. 2026-06-05
    days on market $55,000 Active 208 DOM
12. 2026-06-03
    days on market $55,000 Active 207 DOM
13. 2026-06-02
    days on market $55,000 Active 206 DOM
14. 2026-06-01
    days on market $55,000 Active 205 DOM
15. 2026-05-31
    days on market $55,000 Active 204 DOM
16. 2026-05-30
    days on market $55,000 Active 203 DOM
17. 2026-04-01
    status Active 512-char remark

    Show marketing remark (512 chars)

    Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

18. 2026-04-01
    historical 512-char remark

    Show marketing remark (512 chars)

    Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

19. 2026-02-06
    status Active 512-char remark

    Show marketing remark (512 chars)

    Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

20. 2026-01-13
    historical 512-char remark

    Show marketing remark (512 chars)

    Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

21. 2025-10-14
    listed $55,000 Active 512-char remark

    Show marketing remark (512 chars)

    Being sold as-is. Welcome to 1106 35th St, a great potential investment property near Texas Tech University and Lubbock ISD, with a excellent ARV of $135k - $145k. This property has a front and a back house, with the front house featuring 2 bedrooms, 2 living areas, and a kitchen. The back house has a door connecting it to the front house, and it features a 1-bedroom unit with two living areas. The home may require quite a bit of work, but it offers magnificent potential as an investment and a fix-and-flip.

22. 2025-10-09
    price $55,000
23. 2025-09-16
    price $70,000
24. 2024-06-26
    price $45,000
25. 2022-11-01
    price $20,000
26. 2022-10-31
    soldstatus Closed
27. 2022-10-23
    status Pending
28. 2022-10-18
    listed $25,000 Active
29. 2022-09-30
    soldstatus
30. 2019-04-29
    soldstatus
31. 2011-06-02
    soldstatus
32. 2009-01-13
    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: $746 · $62/mo
• Projected year-2 tax: $1,006 · $84/mo
• Expected delta: +$260/yr (+$22/mo · 34.9%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,891
• − Mortgage interest: −$3,081
• − Property taxes: −$746
• − Insurance: −$275
• − Repairs & maintenance: −$1,031
• − Management: −$1,031
• − Depreciation: −$1,600
• Taxable income: $5,127
• Est. tax owed @ 24.0%: −$1,230
• After-tax cash flow: $4,471/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

+120.0% since first listed

16 events — show timeline

• 2026-04-01 Relisted — LARMLS
• 2026-04-01 Delisted — LARMLS
• 2026-02-06 Relisted — LARMLS
• 2026-01-13 Delisted — LARMLS
• 2025-10-14 Listed $55,000 LARMLS
• 2025-10-09 Price Changed $55,000 LARMLS
• 2025-09-16 Price Changed $70,000 LARMLS
• 2024-06-26 Price Changed $45,000 LARMLS
• 2022-11-01 Price Changed $20,000 LARMLS
• 2022-10-31 Sold (MLS) — LARMLS
• 2022-10-23 Pending — LARMLS
• 2022-10-18 Listed $25,000 LARMLS
• 2022-09-30 Sold (Public Records) — Public Records
• 2019-04-29 Sold (Public Records) — Public Records
• 2011-06-02 Sold (Public Records) — Public Records
• 2009-01-13 Sold (Public Records) — Public Records

Property tax history

+4.3%/yr

Latest (2025): $746 · +3.2% YoY. Source: county tax records.