2701 2nd St · Lubbock, TX 79415

$49,900

3 bd · 2.0 ba · 912 sqft · SingleFamily public records · 8 Days on market

Built 1947 6,875 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3 bed 1 1/2 bath home with a back house (1 bed 1 bath) located on one lot. This property is ready for your finishing touches. There was the beginning of a remodel where the property is primed for a new buyer. Priced to sell. 912 square feet front house and 500 square foot back unit.

Key facts

• 6,875 sq ft lot
• Built 1947
• Listed 8 days

Property features AI

Finance

• Other: Located within minutes of Texas Tech and shopping
• Financial info: Residential income / multi-family investment opportunity
• HOA & community: Nearby park

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Water available; Sewer available
• Home design: Multi-family residential income property; Single-story; Fixer condition
• Construction: Wood siding; Pillar/post/pier foundation; Built with composition roofing
• Exterior features: Front porch; Fenced yard (front and back) with chain link fencing; Other exterior features; Composition roof

Interior

• Kitchen: Gas water heater; Other appliances
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (natural gas); Central electric cooling
• Interior features: See remarks
• Laundry & utility: Inside laundry room with washer and dryer hookups; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $333 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($907 rent vs $50k).

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: 110 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $345 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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 1947 — 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 $49,900

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.82% ✓
• Cap rate: 14.31%
• Cash-on-cash: 28.63%
• DSCR: 2.27
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 23.0%
• Equity multiple: 1.94×
• Total profit: $13,181
• Equity at exit: $7,440

10-year hold

• IRR: 31.0%
• Equity multiple: 3.79×
• Total profit: $38,967
• Equity at exit: $4,314

Cash invested: $13,972 (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 79415

• Home prices YoY: -20.1%
• Active inventory: 110
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $907 high
• Mortgage (P&I): −$262
• Tax from tax record: −$101 /mo · $1,211/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $333

Break-even live

Break-even rent $485

Max offer price $49,900

Occupancy floor 58%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2803 2nd St Lubbock, TX	2.0	1.0	784	$800	$1.02	43d	1	0.13mi
2805 1st Pl Lubbock, TX	2.0	1.0	730	$895	$1.23	21d	1	0.15mi
2814 1st Pl Lubbock, TX	2.0	1.0	676	$695	$1.03	21d	1	0.20mi
2814 1st Pl Lubbock, TX	2.0	1.0	676	$695	$1.03	43d	1	0.20mi
2613 Auburn St Lubbock, TX	2.0	1.0	978	$875	$0.89	43d	1	0.25mi
2512 1st St Lubbock, TX	2.0	1.0	1050	$900	$0.86	13d	1	0.25mi
3207 Amherst St Lubbock, TX	3.0	1.0	1020	$1,200	$1.18	43d	1	0.56mi
2906 Cornell St Lubbock, TX	2.0	1.0	920	$875	$0.95	13d	1	0.57mi
114 Avenue V Lubbock, TX	2.0	1.0	728	$750	$1.03	43d	1	0.62mi
3315 Amherst St Lubbock, TX	2.0	1.0	950	$875	$0.92	21d	1	0.71mi
105 North Avenue U Unit U Lubbock, TX	2.0	1.0	672	$750	$1.12	43d	1	0.76mi
301 Avenue U Lubbock, TX	1.0–2.0	1.0	625	$875	$1.40	13d	4	0.79mi
2715 Fordham St Unit 7 Lubbock, TX	2.0	2.0	1100	$1,150	$1.05	43d	1	0.81mi
3207 Duke St Lubbock, TX	2.0	1.0	647	$695	$1.07	43d	1	0.82mi
3207 Duke St Lubbock, TX	2.0	1.0	647	$595	$0.92	21d	1	0.82mi
2315 13th St Lubbock, TX	2.0	1.0	825	$995	$1.21	43d	1	0.98mi
3307 Erskine St Lubbock, TX	3.0	1.0	1120	$1,000	$0.89	21d	1	1.00mi
2316 15th St Lubbock, TX	2.0	1.0	960	$795	$0.83	21d	1	1.06mi
2317 15th St Lubbock, TX	2.0	1.0	900	$1,000	$1.11	43d	1	1.09mi
2117 14th St Unit A Lubbock, TX	2.0	2.0	980	$1,250	$1.28	21d	1	1.15mi
2101 14th St Lubbock, TX	2.0	1.0	895	$850	$0.95	21d	1	1.20mi
2101 14th St Lubbock, TX	2.0	1.0	895	$850	$0.95	43d	1	1.20mi
1619 University Ave Unit 8 Lubbock, TX	2.0	2.0	900	$700	$0.78	43d	1	1.20mi
701 N Indiana Ave Lubbock, TX	1.0–2.0	1.0–2.0	675	$850	$1.26	21d	1	1.22mi
1710 9th St Unit 29 Lubbock, TX	2.0	1.0	700	$1,000	$1.43	13d	1	1.23mi
3318 Itasca St Lubbock, TX	3.0	1.5	1068	$950	$0.89	13d	1	1.23mi
2101 16th St Unit 2D Lubbock, TX	2.0	1.0	950	$825	$0.87	43d	1	1.29mi
2121 17th St Lubbock, TX	3.0	1.0	1048	$995	$0.95	21d	1	1.30mi
1805 Avenue V Unit V Lubbock, TX	2.0	1.0	558	$599	$1.07	21d	1	1.36mi
2320 20th St Lubbock, TX	2.0	1.0	844	$1,000	$1.18	43d	1	1.39mi
2516 21st St Lubbock, TX	2.0	1.0	1052	$1,125	$1.07	43d	1	1.40mi
2307 20th St Lubbock, TX	2.0	2.0	850	$850	$1.00	43d	1	1.44mi

Listing history 7 events

1. 2026-06-18
   days on market $49,900 Active 8 DOM
2. 2026-06-17
   days on market $49,900 Active 7 DOM
3. 2026-06-16
   days on market $49,900 Active 6 DOM
4. 2026-06-15
   days on market $49,900 Active 5 DOM
5. 2026-06-14
   days on market $49,900 Active 3 DOM
6. 2026-06-13
   remarks 283-char remark
7. 2026-06-13
   listed $49,900 Active 2 DOM

ⓘ 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: $1,211 · $101/mo
• Projected year-2 tax: $1,211 · $101/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 2/10 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: $10,887
• − Mortgage interest: −$2,795
• − Property taxes: −$1,211
• − Insurance: −$250
• − Repairs & maintenance: −$871
• − Management: −$871
• − Depreciation: −$1,452
• Taxable income: $3,438
• Est. tax owed @ 24.0%: −$825
• After-tax cash flow: $3,175/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): 15,794
• Household income: $36,468
• Rent vs Own: 62.9% rent · 37.1% own
• Severe rent burden: 1287.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 59% White 26% Two or more races 19% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 49%
• Common ancestry: Italian 1% Serbian 1% Estonian 1%
• Foreign-born: 15% · Canada, China
• Languages at home: 57% English-only · Spanish 36% Other Indo-European 4% 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: ▼ -41.79%
• Current HPI: 165.7933
• Rent YoY: —
• 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

+10.9% since first listed

7 events — show timeline

• 2026-06-09 Listed $49,900 LARMLS
• 2025-04-17 Sold (Public Records) — Public Records
• 2019-01-31 Sold (Public Records) — Public Records
• 2016-09-20 Sold (Public Records) — Public Records
• 2016-09-19 Sold (MLS) — LARMLS
• 2016-07-04 Listed $45,000 LARMLS
• 2014-09-17 Sold (Public Records) — Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,211 · -2.6% YoY. Source: county tax records.