8327 24th St · Lubbock, TX 79407

$207,930

3 bd · 2.0 ba · 1,316 sqft · Other · 51 Days on market

Built 2026 Good condition 4,845 sqft lot

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Why this score? — see what drove the C- 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 +19.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Buy now and get $7k flex cash!! The 1,200 square-foot Briley floor plan is a smart, functional layout with open living and storage where it counts. This home has a beautiful brick and vinyl exterior with covered entry. Luxury vinyl plank flooring throughout. Open-concept kitchen, and living area. The home has granite countertops throughout. The kitchen is a staple of the home with a kitchen island with bar seating, stainless steel appliances, and an enclosed pantry. The home also features a private primary suite with a walk-in closet. This home comes with a front yard turf and rock combo. Call today to schedule your tour!

Key facts

• 4,845 sq ft lot
• Garage
• Built 2026

Property features AI

Finance

• HOA & community: Community features include curbs and sidewalks

Exterior

• Parking: Attached garage with garage door opener; Concrete driveway; On-street parking
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: Public water; Public sewer; Electricity available; Natural gas available
• Home design: Single-family residence; New construction
• Construction: Brick, concrete and vinyl siding construction; Composition roof; Slab foundation; Built as new construction
• Exterior features: Covered front and rear porches with awnings; Exterior lighting; Private, fenced backyard with wood fence; Landscaped front yard; Curbs and sidewalks (community)

Interior

• Kitchen: Disposal; Dishwasher; Electric range (free-standing); Microwave
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Ceiling fans; Attic fan; Exhaust fan
• Interior features: Ceiling fans; Kitchen island; Open floor plan; Pantry; Recessed lighting; Smart thermostat; Storage; Walk-in closets
• Laundry & utility: Laundry room with washer and electric dryer hookups; Gas water heater

🏗️ 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 other listed at $208k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (11.7% below list).
• Recommended offer: $184k (11.7% 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: Willow Bend El (math 34% / reading 41%, grade F, #1,744 of 4,322 statewide, top 41%, 730 students, 74% FRL); Frenship H S (math 44% / reading 65%, grade C-, #379 of 1,632 statewide, top 26%, 3,247 students, 46% FRL) — zoned schools average 60% FRL vs 36% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 610 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).
• This rent runs 36% 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 51 days — a 3% lower offer ($202k) is reasonable based on typical stale-listing flexibility.

Recommended offer $183,537 (11.7% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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: 0.88% ✗
• Cap rate: 7.54%
• Cash-on-cash: 4.46%
• DSCR: 1.20
• GRM: 9.4

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: -12.4%
• Equity multiple: 0.56×
• Total profit: $-25,373
• Equity at exit: $31,003

10-year hold

• IRR: -7.9%
• Equity multiple: 0.56×
• Total profit: $-25,511
• Equity at exit: $17,978

Cash invested: $58,220 (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: 610
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,835 high
• Mortgage (P&I): −$1,090
• Tax from tax record: −$56 /mo · $675/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $217

Break-even live

Break-even rent $1,561

Max offer price $207,930

Occupancy floor 83%

Sensitivity live

Price	-10% $334	-5% $275	+0% $217	+5% $158	+10% $99
Rent	-10% $72	-5% $144	+0% $217	+5% $289	+10% $362
Rate	-1.0pp $321	-0.5pp $270	base $217	+0.5pp $163	+1.0pp $108

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: $51,982
• Closing costs: $6,238
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2617 Garland Ave Lubbock, TX	4.0	2.0	1703	$2,000	$1.17	22d	1	0.20mi
2603 Harmony Ave Lubbock, TX	3.0	2.0	1450	$1,749	$1.21	22d	1	0.23mi
2603 Harmony Ave Lubbock, TX	3.0	2.0	1450	$1,749	$1.21	14d	1	0.23mi
8607 29th St Lubbock, TX	3.0	2.0	1350	$1,749	$1.30	44d	1	0.25mi
2505 Kenwood Ave Lubbock, TX	3.0	2.0	1550	$1,799	$1.16	22d	1	0.61mi
2511 Kenwood Ave Lubbock, TX	3.0	2.0	1450	$2,099	$1.45	22d	1	0.62mi
2509 Kenwood Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	22d	1	0.62mi
2515 Kenwood Ave Lubbock, TX	3.0	2.0	1550	$1,799	$1.16	22d	1	0.62mi
2055 Kenwood Ave Lubbock, TX	3.0	2.0	1450	$1,649	$1.14	14d	1	0.63mi
2163 Langford Ave Lubbock, TX	4.0	2.0	1600	$2,399	$1.50	22d	1	0.64mi
2161 Langford Ave Lubbock, TX	3.0	2.0	1552	$1,649	$1.06	22d	1	0.65mi
2154 Kokomo Ave Lubbock, TX	3.0	2.0	1450	$1,799	$1.24	22d	1	0.66mi
2028 Kenwood Ave Lubbock, TX	3.0	2.0	1450	$1,650	$1.14	14d	1	0.69mi
2168 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	44d	1	0.69mi
2150 Kokomo Ave Lubbock, TX	4.0	2.0	1600	$2,199	$1.37	22d	1	0.69mi
2125 Kirksey Ave Lubbock, TX	3.0	2.0	1450	$1,650	$1.14	14d	1	0.70mi
2166 Langford Ave Lubbock, TX	4.0	2.0	1600	$2,199	$1.37	14d	1	0.70mi
2139 Kokomo Ave Lubbock, TX	3.0	2.0	1504	$1,349	$0.90	44d	1	0.70mi
2146 Kokomo Ave Lubbock, TX	3.0	2.0	1550	$2,299	$1.48	44d	1	0.71mi
2162 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	44d	1	0.72mi
2131 Kokomo Ave Unit A Lubbock, TX	3.0	2.0	1360	$1,500	$1.10	22d	1	0.73mi
2147 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	22d	1	0.73mi
2140 Kokomo Ave Lubbock, TX	4.0	2.0	1450	$1,999	$1.38	44d	1	0.74mi
2156 Langford Ave Lubbock, TX	4.0	2.0	1600	$2,099	$1.31	22d	1	0.75mi
2143 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,750	$1.21	44d	1	0.75mi
2154 Langford Ave Lubbock, TX	3.0	2.0	1550	$1,799	$1.16	44d	1	0.76mi
2130 Kokomo Ave Lubbock, TX	4.0	2.0	1450	$2,199	$1.52	22d	1	0.77mi
2152 Langford Ave Unit Labs Lubbock, TX	3.0	2.0	1450	$1,660	$1.14	22d	1	0.77mi
2139 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,899	$1.31	22d	1	0.77mi
2137 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,700	$1.17	22d	1	0.78mi
2148 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	44d	1	0.78mi
2133 Langford Ave Lubbock, TX	3.0	2.0	1550	$1,999	$1.29	22d	1	0.78mi
2127 Langford Ave Lubbock, TX	3.0	2.0	1550	$1,699	$1.10	14d	1	0.79mi
2144 Langford Ave Lubbock, TX	3.0	2.0	1550	$1,799	$1.16	14d	1	0.80mi
2123 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,799	$1.24	22d	1	0.80mi
2140 Langford Ave Lubbock, TX	3.0	2.0	1552	$1,749	$1.13	44d	1	0.81mi
2138 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	44d	1	0.81mi
2134 Langford Ave Lubbock, TX	3.0	2.0	1552	$1,699	$1.09	44d	1	0.82mi
2132 Langford Ave Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	14d	1	0.82mi
2130 Langford Ave Lubbock, TX	3.0	2.0	1552	$1,575	$1.01	44d	1	0.82mi

Listing history 16 events

1. 2026-06-18
   days on market $207,930 Active 51 DOM
2. 2026-06-17
   days on market $207,930 Active 50 DOM
3. 2026-06-16
   days on market $207,930 Active 49 DOM
4. 2026-06-15
   days on market $207,930 Active 48 DOM
5. 2026-06-13
   days on market $207,930 Active 45 DOM
6. 2026-06-10
   days on market $207,930 Active 43 DOM
7. 2026-06-09
   days on market $207,930 Active 42 DOM
8. 2026-06-08
   days on market $207,930 Active 41 DOM
9. 2026-06-07
   days on market $207,930 Active 40 DOM
10. 2026-06-05
    days on market $207,930 Active 37 DOM
11. 2026-06-03
    days on market $207,930 Active 36 DOM
12. 2026-06-02
    days on market $207,930 Active 35 DOM
13. 2026-06-01
    days on market $207,930 Active 34 DOM
14. 2026-05-31
    days on market $207,930 Active 33 DOM
15. 2026-05-30
    days on market $207,930 Active 32 DOM
16. 2026-04-28
    listed $207,930 Active 629-char remark

ⓘ 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: $675 · $56/mo
• Projected year-2 tax: $3,805 · $317/mo
• Expected delta: +$3,130/yr (+$261/mo · 463.5%)

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

Taxation est. · year 1

• Rental income: $22,024
• − Mortgage interest: −$11,647
• − Property taxes: −$675
• − Insurance: −$1,040
• − Repairs & maintenance: −$1,762
• − Management: −$1,762
• − Depreciation: −$6,049
• Taxable loss: −$911
• Est. tax savings @ 24.0%: +$219
• After-tax cash flow: $2,818/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

Good 80/100 None rehab

This home is in excellent condition with a good condition score of 80. It is move-in ready with no visible repairs or maintenance needed. The highest-ROI updates would be painting the interior walls, installing window treatments, and adding decorative shelving to enhance curb appeal and attract potential buyers or renters.

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Resale Install window treatments — Window treatments improve curb appeal and privacy
• Rental Add decorative shelving — Enhances kitchen and living area aesthetics, attracting renters

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Resale Install window treatments — Window treatments improve curb appeal and privacy ↑
• Rental Add decorative shelving — Enhances kitchen and living area aesthetics, attracting renters ↑

ⓘ 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

1 event — show timeline

• 2026-04-28 Listed $207,930 LARMLS