2614 36th St · Lubbock, TX 79413

$92,000

2 bd · 1.0 ba · 804 sqft · SingleFamily public records · 19 Days on market

Built 1952 7,575 sqft lot $114/sqft · 33% below area Est $136k · 33% under

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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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.9/10.0
• 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

Welcome home! This super cute 2 bedroom, 1 bathroom home is ready for a new owner. Currently leased for $870 a month, until May 2024. Original hardwood floors were redone a few years ago, exterior painting etc. Currently managed by True Asset.

Key facts

• New flooring
• Large back yard
• 7,575 sq ft lot

Tags

• NEW FLOORING
• LARGE BACK YARD

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Home design: Single family residence; One story
• Construction: Asbestos siding; Composition roof; Pillar/post/pier foundation; Built on one level
• Exterior features: Fenced yard; Paved road access

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $91k (1.5% 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 (+1.9%/yr); 183 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); 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 $636 of loan paydown is wiped out by about $3k 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 19 days — a 2% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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 1952 — 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 $90,620 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — 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: 1.19% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.78%
• DSCR: 1.44
• GRM: 7.0

CMA / ARV

• ARV (median comp): $136,379
• List price: $92,000
• Delta: -32.54%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -2.8%
• Equity multiple: 0.90×
• Total profit: $-2,664
• Equity at exit: $13,717

10-year hold

• IRR: 5.7%
• Equity multiple: 1.40×
• Total profit: $10,367
• Equity at exit: $7,954

Cash invested: $25,760 (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: 183
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,097 high
• Mortgage (P&I): −$482
• Tax from tax record: −$136 /mo · $1,633/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $210

Break-even live

Break-even rent $832

Max offer price $92,000

Occupancy floor 76%

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2701 36th St Lubbock, TX	2.0	1.0	802	$1,195	$1.49	14d	1	0.07mi
2616 37th St Lubbock, TX	2.0	1.0	950	$1,200	$1.26	21d	1	0.08mi
2601 33rd St Lubbock, TX	1.0	1.0	695	$750	$1.08	44d	1	0.16mi
2723 36th St Lubbock, TX	2.0	1.0	802	$950	$1.18	21d	1	0.17mi
2506 37th St Lubbock, TX	3.0	1.0	1053	$1,550	$1.47	21d	1	0.19mi
2408 35th St Lubbock, TX	2.0	1.0	1072	$995	$0.93	21d	1	0.29mi
2823 33rd St Lubbock, TX	3.0	1.0	1105	$950	$0.86	44d	1	0.31mi
2521 40th St Lubbock, TX	2.0	1.0	902	$1,195	$1.32	21d	1	0.31mi
2420 33rd St Lubbock, TX	2.0	1.0	800	$799	$1.00	21d	1	0.32mi
3005 35th St Lubbock, TX	1.0	1.0	532	$525	$0.99	44d	1	0.33mi
2605 41st St Lubbock, TX	2.0	1.0	882	$995	$1.13	14d	1	0.36mi
2521 41st St Lubbock, TX	2.0	1.0	990	$925	$0.93	44d	1	0.37mi
2816 40th St Lubbock, TX	2.0	1.0	826	$825	$1.00	21d	1	0.38mi
2419 31st St Apt B Lubbock, TX	2.0	1.0	878	$795	$0.91	14d	1	0.39mi
3007 39th St Unit A Lubbock, TX	1.0	1.0	600	$600	$1.00	21d	1	0.41mi
2514 42nd St Lubbock, TX	3.0	1.0	943	$950	$1.01	14d	1	0.42mi
2411 31st St Lubbock, TX	3.0	1.0	1003	$1,000	$1.00	21d	1	0.43mi
2420 30th St Lubbock, TX	2.0	1.0	1092	$1,100	$1.01	21d	1	0.47mi
2315 32nd St Lubbock, TX	2.0	1.0	900	$995	$1.11	21d	1	0.47mi
3107 37th St Lubbock, TX	2.0	1.0	750	$1,095	$1.46	21d	1	0.48mi
2304 39th St Lubbock, TX	2.0	1.0	830	$1,150	$1.39	21d	1	0.48mi
2602 28th St Lubbock, TX	2.0	1.0	937	$1,095	$1.17	21d	1	0.49mi
2308 33rd St Lubbock, TX	1.0	1.0	696	$850	$1.22	44d	1	0.50mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	14d	1	0.50mi
2513 43rd St Lubbock, TX	2.0	1.0	912	$1,150	$1.26	44d	1	0.50mi
3114 37th St Lubbock, TX	3.0	1.0	988	$1,095	$1.11	44d	1	0.51mi
2302 40th St Lubbock, TX	2.0	1.0	793	$749	$0.94	21d	1	0.52mi
3016 30th St Lubbock, TX	2.0	1.0	947	$975	$1.03	44d	1	0.53mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	44d	1	0.54mi
2812 43rd St Unit 7 Lubbock, TX	2.0	1.0	1104	$750	$0.68	21d	1	0.54mi
3116 33rd St Lubbock, TX	2.0	1.0	912	$1,195	$1.31	44d	1	0.54mi
2706 44th St Apt C Lubbock, TX	2.0	1.0	900	$680	$0.76	44d	1	0.55mi
2208 35th St Unit B Lubbock, TX	2.0	1.0	767	$750	$0.98	44d	1	0.55mi
2504 44th St Lubbock, TX	2.0	1.0	939	$995	$1.06	44d	1	0.55mi
2607 44th St Lubbock, TX	2.0	2.0	988	$1,325	$1.34	44d	1	0.55mi
2906 43rd St Unit B Lubbock, TX	2.0	1.0	870	$850	$0.98	21d	1	0.56mi
2815 43rd St Unit 11 Lubbock, TX	2.0	1.0	1085	$800	$0.74	21d	1	0.58mi
2701 44th St Lubbock, TX	1.0–3.0	1.0–1.5	657	$888	$1.35	14d	25	0.58mi
3019 42nd St Lubbock, TX	3.0	1.0	1053	$1,250	$1.19	21d	1	0.59mi
2818 27th St Lubbock, TX	2.0	2.0	1042	$1,125	$1.08	21d	1	0.59mi

Listing history 19 events

1. 2026-05-06
   listed $92,000 Active 303-char remark
2. 2026-01-26
   historical $700
3. 2025-12-16
   price $825
4. 2025-11-20
   listed $950
5. 2025-11-20
   historical $950
6. 2025-10-30
   price $950
7. 2025-10-01
   listed $995
8. 2025-04-04
   soldstatus
9. 2024-01-15
   soldstatus Closed 243-char remark

   Show marketing remark (243 chars)

   Welcome home! This super cute 2 bedroom, 1 bathroom home is ready for a new owner. Currently leased for $870 a month, until May 2024. Original hardwood floors were redone a few years ago, exterior painting etc. Currently managed by True Asset.

10. 2023-12-29
    soldstatus
11. 2023-12-09
    status Pending 243-char remark

    Show marketing remark (243 chars)

    Welcome home! This super cute 2 bedroom, 1 bathroom home is ready for a new owner. Currently leased for $870 a month, until May 2024. Original hardwood floors were redone a few years ago, exterior painting etc. Currently managed by True Asset.

12. 2023-11-01
    price $96,500 243-char remark

    Show marketing remark (243 chars)

    Welcome home! This super cute 2 bedroom, 1 bathroom home is ready for a new owner. Currently leased for $870 a month, until May 2024. Original hardwood floors were redone a few years ago, exterior painting etc. Currently managed by True Asset.

13. 2023-10-25
    listed $100,000 Active 243-char remark

    Show marketing remark (243 chars)

    Welcome home! This super cute 2 bedroom, 1 bathroom home is ready for a new owner. Currently leased for $870 a month, until May 2024. Original hardwood floors were redone a few years ago, exterior painting etc. Currently managed by True Asset.

14. 2018-07-10
    soldstatus

    Show marketing remark (127 chars)

    Located near parks, schools, entertainment and the medical district. .. .this 2 bed 1 bath 1 car garage home is priced to sell.

15. 2018-07-10
    soldstatus

    Show marketing remark (127 chars)

    Located near parks, schools, entertainment and the medical district. .. .this 2 bed 1 bath 1 car garage home is priced to sell.

16. 2018-05-25
    listed $65,000

    Show marketing remark (127 chars)

    Located near parks, schools, entertainment and the medical district. .. .this 2 bed 1 bath 1 car garage home is priced to sell.

17. 2010-05-14
    soldstatus
18. 2008-06-23
    soldstatus
19. 2004-01-01
    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: $1,633 · $136/mo
• Projected year-2 tax: $1,684 · $140/mo
• Expected delta: +$50/yr (+$4/mo · 3.1%)

ⓘ 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: $13,167
• − Mortgage interest: −$5,153
• − Property taxes: −$1,633
• − Insurance: −$460
• − Repairs & maintenance: −$1,053
• − Management: −$1,053
• − Depreciation: −$2,676
• Taxable income: $1,138
• Est. tax owed @ 24.0%: −$273
• After-tax cash flow: $2,246/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

+41.5% since first listed

20 events — show timeline

• 2026-05-26 Pending — LARMLS
• 2026-05-06 Listed $92,000 LARMLS
• 2026-01-26 Rental Removed $700 LARMLS
• 2025-12-16 Price Changed $825 LARMLS
• 2025-11-20 Listed for Rent $950 LARMLS
• 2025-11-20 Rental Removed $950 APPFOLIO
• 2025-10-30 Price Changed $950 APPFOLIO
• 2025-10-01 Listed for Rent $995 APPFOLIO
• 2025-04-04 Sold (Public Records) — Public Records
• 2024-01-15 Sold (MLS) — LARMLS
• 2023-12-29 Sold (Public Records) — Public Records
• 2023-12-09 Pending — LARMLS
• 2023-11-01 Price Changed $96,500 LARMLS
• 2023-10-25 Listed $100,000 LARMLS
• 2018-07-10 Sold (Public Records) — Public Records
• 2018-07-10 Sold (MLS) — LARMLS
• 2018-05-25 Listed $65,000 LARMLS
• 2010-05-14 Sold (Public Records) — Public Records
• 2008-06-23 Sold (Public Records) — Public Records
• 2004-01-01 Sold (Public Records) — Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,633 · -5.1% YoY. Source: county tax records.