3706 37th St · Lubbock, TX 79413

$183,000

3 bd · 2.0 ba · 1,734 sqft · SingleFamily public records · 53 Days on market

Built 1955 9,866 sqft lot $106/sqft · at area comps Est $191k · at est.

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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 +13.3/30.0
• ARV discount +9.4/15.0
• 1% rule +4.0/10.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors for this opportunity - leased through April 2023. This three bedroom, 2 bath home is charming - with hardwood floors, 6-burner gas range, and 2 car garage. Did we mention there's a workshop? The backyard is made for entertaining. You'll want to put this on your must-see list today.

Key facts

• Manicured backyard
• 15x24 shop
• Storage shed

Tags

• MANICURED BACKYARD
• 15X24 SHOP
• STORAGE SHED
• TWO LIVING AREAS

Property features AI

Exterior

• Parking: Attached garage; 2 garage spaces
• Utilities: Paved road access
• Home design: Single Family Residence; Residential property
• Construction: Brick construction; Composition roof; Pillar/post/pier foundation; Built area above grade: 1,734 finished square feet
• Exterior features: Awning(s); Exterior storage

Interior

• Kitchen: Cooktop; Oven
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s) for cooling/air circulation
• Interior features: Ceiling fans; Storage; Walk-in closet(s)
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $183k.

Deal economics

• At list price, monthly cash flow is $-2 ($-19/yr) — negative.
• To cash-flow at today's rent, offer at most $183k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (10.0% below list).
• Recommended offer: $165k (10.0% 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: Maedgen El (math 37% / reading 27%, grade F, #2,268 of 4,322 statewide, top 55%, 323 students, 91% FRL); Hutchinson Middle (math 57% / reading 63%, grade B, #158 of 1,662 statewide, top 10%, 833 students, 49% FRL); Lubbock H S (math 45% / reading 52%, grade D, #560 of 1,632 statewide, top 35%, 1,839 students, 55% FRL) — zoned schools at 65% FRL track the district average.
• Market conditions: Rents rising (+1.9%/yr); 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $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 53 days — a 3% lower offer ($178k) is reasonable based on typical stale-listing flexibility.
• 2 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 1955 — 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 $164,779 (10.0% 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 53 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. 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: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 9.3

CMA / ARV

• ARV (median comp): $191,129
• List price: $183,000
• Delta: -4.25%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -17.6%
• Equity multiple: 0.39×
• Total profit: $-31,444
• Equity at exit: $27,286

10-year hold

• IRR: -11.8%
• Equity multiple: 0.33×
• Total profit: $-34,296
• Equity at exit: $15,822

Cash invested: $51,240 (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 79413

• Rents YoY: 1.9%
• Active inventory: 187
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,648 high
• Mortgage (P&I): −$960
• Tax from tax record: −$267 /mo · $3,209/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $-2

Break-even live

Break-even rent $1,650

Max offer price $182,725

Occupancy floor 95%

Sensitivity live

Price	-10% $102	-5% $50	+0% $-2	+5% $-53	+10% $-105
Rent	-10% $-132	-5% $-67	+0% $-2	+5% $64	+10% $129
Rate	-1.0pp $91	-0.5pp $45	base $-2	+0.5pp $-49	+1.0pp $-97

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: $45,750
• Closing costs: $5,490
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3712 37th St Lubbock, TX	4.0	2.0	1672	$2,100	$1.26	45d	1	0.04mi
3812 36th St Unit A Lubbock, TX	3.0	2.0	1458	$1,500	$1.03	23d	1	0.17mi
3620 32nd St Lubbock, TX	3.0	1.0	1146	$1,200	$1.05	23d	1	0.31mi
3408 38th St Lubbock, TX	3.0	2.0	1927	$1,895	$0.98	45d	1	0.37mi
3612 44th St Lubbock, TX	3.0	2.0	1675	$1,850	$1.10	45d	1	0.47mi
4211 41st St Lubbock, TX	4.0	2.0	1960	$1,599	$0.82	45d	1	0.50mi
3404 42nd St Lubbock, TX	3.0	2.0	1475	$1,500	$1.02	45d	1	0.51mi
3709 28th St Lubbock, TX	3.0	2.0	1164	$1,400	$1.20	23d	1	0.52mi
4103 30th St Lubbock, TX	3.0	1.0	1323	$1,250	$0.94	45d	1	0.53mi
4304 32nd St Lubbock, TX	3.0	2.0	1174	$1,395	$1.19	15d	1	0.57mi
4310 42nd St Lubbock, TX	3.0	2.0	1754	$1,700	$0.97	45d	1	0.59mi
4315 41st St Lubbock, TX	3.0	2.0	1558	$1,450	$0.93	23d	1	0.61mi
3712 47th St Lubbock, TX	3.0	2.0	1767	$1,400	$0.79	23d	1	0.64mi
3807 26th St Lubbock, TX	3.0	2.0	1410	$1,500	$1.06	15d	1	0.66mi
3505 46th St Lubbock, TX	2.0	2.0	1686	$1,550	$0.92	45d	1	0.66mi
3126 38th St Lubbock, TX	2.0	1.0	1248	$1,195	$0.96	45d	1	0.70mi
4413 40th St Lubbock, TX	3.0	1.0	1152	$1,350	$1.17	23d	1	0.70mi
3813 25th St Lubbock, TX	4.0	2.0	1467	$1,400	$0.95	15d	1	0.72mi
3114 40th St Lubbock, TX	3.0	2.0	1488	$1,375	$0.92	45d	1	0.72mi
3417 47th St Lubbock, TX	3.0	2.0	1450	$1,550	$1.07	45d	1	0.73mi
3502 26th St Lubbock, TX	2.0	2.0	1152	$1,295	$1.12	45d	1	0.73mi
3418 26th St Lubbock, TX	3.0	2.0	1335	$1,350	$1.01	23d	1	0.75mi
3108 39th St Lubbock, TX	3.0	2.0	1504	$1,295	$0.86	23d	1	0.76mi
3302 28th St Lubbock, TX	3.0	2.5	1660	$1,725	$1.04	23d	1	0.77mi
3319 26th St Lubbock, TX	3.0	2.0	1520	$1,500	$0.99	45d	1	0.77mi
3312 47th St Lubbock, TX	3.0	2.0	1880	$1,795	$0.95	45d	1	0.78mi
4428 33rd St Lubbock, TX	3.0	1.5	1685	$1,375	$0.82	45d	1	0.80mi
3604 24th St Lubbock, TX	4.0	3.0	2038	$2,300	$1.13	23d	1	0.81mi
3101 33rd St Lubbock, TX	3.0	3.0	1250	$999	$0.80	45d	1	0.81mi
4430 33rd St Lubbock, TX	3.0	2.0	1402	$1,100	$0.78	45d	1	0.81mi
3709 23rd St Lubbock, TX	3.0	1.0	1107	$950	$0.86	45d	1	0.83mi
3019 33rd St Lubbock, TX	3.0	1.5	1573	$1,500	$0.95	15d	1	0.83mi
3404 25th St #3 Lubbock, TX	4.0	4.5	2234	$2,400	$1.07	23d	1	0.84mi
3415 49th St Unit B Lubbock, TX	3.0	2.0	1410	$1,350	$0.96	45d	1	0.84mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	45d	1	0.87mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	23d	1	0.88mi
3105 44th St Lubbock, TX	3.0	2.0	1348	$1,375	$1.02	23d	1	0.90mi
3007 32nd St Lubbock, TX	3.0	1.0	1353	$1,325	$0.98	23d	1	0.91mi
5018 Kenosha Ave Lubbock, TX	2.0	1.5	1245	$1,275	$1.02	15d	1	0.93mi
3119 26th St Lubbock, TX	3.0	3.0	1888	$1,400	$0.74	23d	1	0.94mi

Listing history 30 events

1. 2026-06-22
   days on market $183,000 Active 53 DOM
2. 2026-06-18
   days on market $183,000 Active 50 DOM
3. 2026-06-17
   price $183,000 Active 49 DOM
4. 2026-06-17
   days on market $184,000 Active 49 DOM
5. 2026-06-16
   days on market $184,000 Active 48 DOM
6. 2026-06-15
   days on market $184,000 Active 47 DOM
7. 2026-06-14
   days on market $184,000 Active 45 DOM
8. 2026-06-13
   days on market $184,000 Active 44 DOM
9. 2026-06-10
   days on market $184,000 Active 42 DOM
10. 2026-06-09
    days on market $184,000 Active 41 DOM
11. 2026-06-08
    days on market $184,000 Active 40 DOM
12. 2026-06-07
    days on market $184,000 Active 39 DOM
13. 2026-06-05
    days on market $184,000 Active 36 DOM
14. 2026-06-03
    days on market $184,000 Active 35 DOM
15. 2026-06-03
    price $184,000 Active 34 DOM
16. 2026-06-02
    days on market $185,000 Active 34 DOM
17. 2026-06-01
    days on market $185,000 Active 33 DOM
18. 2026-05-31
    days on market $185,000 Active 32 DOM
19. 2026-05-30
    days on market $185,000 Active 31 DOM
20. 2026-04-29
    listed $185,000 Active 340-char remark
21. 2022-06-09
    soldstatus
22. 2022-06-04
    historical 304-char remark

    Show marketing remark (304 chars)

    Calling all investors for this opportunity - leased through April 2023. This three bedroom, 2 bath home is charming - with hardwood floors, 6-burner gas range, and 2 car garage. Did we mention there's a workshop? The backyard is made for entertaining. You'll want to put this on your must-see list today.

23. 2022-06-01
    soldstatus Closed 304-char remark

    Show marketing remark (304 chars)

    Calling all investors for this opportunity - leased through April 2023. This three bedroom, 2 bath home is charming - with hardwood floors, 6-burner gas range, and 2 car garage. Did we mention there's a workshop? The backyard is made for entertaining. You'll want to put this on your must-see list today.

24. 2022-05-03
    historical 304-char remark

    Show marketing remark (304 chars)

    Calling all investors for this opportunity - leased through April 2023. This three bedroom, 2 bath home is charming - with hardwood floors, 6-burner gas range, and 2 car garage. Did we mention there's a workshop? The backyard is made for entertaining. You'll want to put this on your must-see list today.

25. 2022-04-21
    listed $180,000 304-char remark

    Show marketing remark (304 chars)

    Calling all investors for this opportunity - leased through April 2023. This three bedroom, 2 bath home is charming - with hardwood floors, 6-burner gas range, and 2 car garage. Did we mention there's a workshop? The backyard is made for entertaining. You'll want to put this on your must-see list today.

26. 2011-04-13
    soldstatus
27. 2011-03-30
    soldstatus
28. 2006-10-31
    soldstatus
29. 2002-09-01
    soldstatus
30. 2002-03-29
    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: $3,209 · $267/mo
• Projected year-2 tax: $3,349 · $279/mo
• Expected delta: +$140/yr (+$12/mo · 4.4%)

ⓘ 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: $19,773
• − Mortgage interest: −$10,251
• − Property taxes: −$3,209
• − Insurance: −$915
• − Repairs & maintenance: −$1,582
• − Management: −$1,582
• − Depreciation: −$5,324
• Taxable loss: −$3,088
• Est. tax savings @ 24.0%: +$741
• After-tax cash flow: $723/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): 23,343
• Household income: $69,400
• Rent vs Own: 43.9% rent · 56.1% own
• Severe rent burden: 1211.0

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 0.59)
• Race & ethnicity: White 54% Hispanic / Latino 34% Two or more races 18% Black 6%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Slovak 2% Italian 2% Serbian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 88% English-only · Spanish 10% 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: ▼ -145.52%
• Current HPI: 239.8854
• Rent YoY: ▲ 1.94%
• 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

+1.7% since first listed

13 events — show timeline

• 2026-06-17 Price Changed $183,000 LARMLS
• 2026-06-02 Price Changed $184,000 LARMLS
• 2026-04-29 Listed $185,000 LARMLS
• 2022-06-09 Sold (Public Records) — Public Records
• 2022-06-04 Delisted — LARMLS
• 2022-06-01 Sold (MLS) — LARMLS
• 2022-05-03 Delisted — LARMLS
• 2022-04-21 Listed $180,000 LARMLS
• 2011-04-13 Sold (Public Records) — Public Records
• 2011-03-30 Sold (Public Records) — Public Records
• 2006-10-31 Sold (Public Records) — Public Records
• 2002-09-01 Sold (Public Records) — Public Records
• 2002-03-29 Sold (Public Records) — Public Records

Property tax history

+2.5%/yr

Latest (2025): $3,209 · -2.6% YoY. Source: county tax records.