3605 Avenue F · Lubbock, TX 79404

$100,000

2 bd · 1.0 ba · 1,068 sqft · SingleFamily public records · 7 Days on market

Built 1975 5,757 sqft lot $94/sqft · 6% below area Est $127k · 22% under

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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 +18.2/30.0
• ARV discount +15.0/15.0
• Appreciation +6.6/10.0
• DSCR +5.7/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

With Multiple living spaces and a private Flex space that could be made into a 4th bedroom this home is perfect for families looking for alot of room. This charming home offers a functional layout with comfortable living space and great potential for a first-time buyer, investor, or anyone looking for an affordable option in Lubbock. Inside, you'll find a spacious living area, a practical kitchen, and nicely sized bedrooms with plenty of natural light. The backyard provides room to relax, entertain, or add your own touches. Conveniently located near schools, shopping, and easy access to major roads. Don't miss your chance to see this one — schedule your showing today!

Key facts

• Private flex space
• Spacious living area
• Practical kitchen

Tags

• MULTIPLE LIVING SPACES
• PRIVATE FLEX SPACE
• FUNCTIONAL LAYOUT
• SPACIOUS LIVING AREA
• PRACTICAL KITCHEN
• NICELY SIZED BEDROOMS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $90 ($1k/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 $94k (5.9% below list).
• Recommended offer: $94k (5.9% 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-, 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: 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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

• In year one you build about $4k of equity ($691 loan paydown + $3k appreciation (3.2% local appreciation)).
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $17k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $94,120 (5.9% below list)

Questions for the listing agent

1. Built in 1975 — 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: 0.94% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.86%
• DSCR: 1.17
• GRM: 8.9

CMA / ARV

• ARV (median comp): $127,408
• List price: $100,000
• Delta: -17.59%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

3.22% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.7%
• Equity multiple: 1.68×
• Total profit: $18,957
• Equity at exit: $46,228

10-year hold

• IRR: 13.7%
• Equity multiple: 3.07×
• Total profit: $57,997
• Equity at exit: $72,240

Cash invested: $28,000 (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 79404

• Home prices YoY: 2.0%
• Active inventory: 91
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $941 high
• Mortgage (P&I): −$524
• Tax from tax record: −$87 /mo · $1,050/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $90

Break-even live

Break-even rent $827

Max offer price $100,000

Occupancy floor 85%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
512 39th St Lubbock, TX	2.0	1.0	876	$849	$0.97	13d	1	0.15mi
419 38th St Lubbock, TX	3.0	1.0	1206	$950	$0.79	43d	1	0.16mi
332 37th St Unit 2 Lubbock, TX	3.0	1.0	725	$700	$0.97	21d	1	0.17mi
330 37th St Unit 2 Lubbock, TX	3.0	1.0	750	$750	$1.00	13d	1	0.17mi
211 36th St Unit B Lubbock, TX	3.0	1.0	750	$775	$1.03	43d	1	0.27mi
209 36th St Unit A Lubbock, TX	3.0	1.0	750	$750	$1.00	43d	1	0.28mi
519 42nd St Apt A Lubbock, TX	3.0	1.0	1092	$895	$0.82	13d	1	0.35mi
1204 36th St Unit b Lubbock, TX	3.0	2.0	872	$835	$0.96	13d	1	0.36mi
531 44th St Lubbock, TX	3.0	2.0	1300	$1,090	$0.84	13d	1	0.49mi
220 44th St Unit A Lubbock, TX	3.0	2.0	980	$910	$0.93	13d	1	0.51mi
1312 40th St Lubbock, TX	3.0	1.0	940	$795	$0.85	21d	1	0.51mi
529 45th St Unit A Lubbock, TX	3.0	1.0	1100	$875	$0.80	13d	1	0.55mi
519 45th St Unit A Lubbock, TX	3.0	1.0	1100	$850	$0.77	13d	1	0.55mi
520 46th St Unit A Lubbock, TX	3.0	1.0	1200	$850	$0.71	13d	1	0.57mi
1107 45th St Unit B Lubbock, TX	2.0	1.0	728	$850	$1.17	43d	1	0.59mi
3104 Avenue N Lubbock, TX	2.0	1.0	750	$785	$1.05	21d	1	0.63mi
4606 Avenue C Unit C Lubbock, TX	3.0	2.0	1142	$999	$0.87	13d	1	0.64mi
505 E 37th St Lubbock, TX	3.0	1.0	960	$1,125	$1.17	13d	1	0.66mi
703 47th St Unit B Lubbock, TX	2.0	1.0	821	$750	$0.91	21d	1	0.67mi
705 47th St Unit A Lubbock, TX	2.0	1.0	821	$750	$0.91	21d	1	0.67mi
713 47th St Unit B Lubbock, TX	2.0	1.0	800	$750	$0.94	21d	1	0.67mi
1119 46th St Unit A Lubbock, TX	2.0	1.0	704	$595	$0.85	21d	1	0.68mi
812 48th St Lubbock, TX	3.0	1.0	1282	$1,250	$0.98	21d	1	0.70mi
1604 45th St Lubbock, TX	1.0	1.0	700	$650	$0.93	43d	1	0.84mi
1313 25th St Lubbock, TX	2.0	1.0	780	$875	$1.12	43d	1	0.84mi
1610 28th St Unit A Lubbock, TX	2.0	2.0	1060	$750	$0.71	13d	1	0.90mi
1712 42nd St Unit B Lubbock, TX	3.0	1.0	899	$695	$0.77	21d	1	0.92mi
2603 Elm Ave Lubbock, TX	3.0	2.0	1214	$1,175	$0.97	43d	1	0.92mi
1609 27th St Lubbock, TX	2.0	1.0	862	$900	$1.04	43d	1	0.92mi
1710 45th St Unit A Lubbock, TX	2.0	1.0	714	$595	$0.83	13d	1	0.98mi
1919 34th St Lubbock, TX	2.0	2.0	1463	$1,100	$0.75	13d	1	1.02mi
1101 52nd St Apt C Lubbock, TX	2.0	1.0	721	$850	$1.18	21d	1	1.02mi
2011 35th St Lubbock, TX	2.0	1.0	810	$800	$0.99	43d	1	1.08mi
2003 32nd St Unit A Lubbock, TX	2.0	2.0	1228	$1,150	$0.94	43d	1	1.08mi
2015 Avenue L Unit B Lubbock, TX	3.0	2.0	980	$960	$0.98	13d	1	1.08mi
1724 27th St Lubbock, TX	2.0	1.0	850	$925	$1.09	43d	1	1.09mi
1317 52nd St Unit C Lubbock, TX	2.0	1.0	755	$650	$0.86	21d	1	1.10mi
1717 47th St Unit B Lubbock, TX	3.0	1.0	830	$775	$0.93	21d	1	1.10mi
1316 53rd St Apt D Lubbock, TX	2.0	1.0	755	$695	$0.92	43d	1	1.12mi
1920 45th St Lubbock, TX	3.0	1.0	1200	$1,200	$1.00	21d	1	1.13mi

Listing history 25 events

1. 2026-06-18
   days on market $100,000 Active 7 DOM
2. 2026-06-17
   days on market $100,000 Active 6 DOM
3. 2026-06-16
   days on market $100,000 Active 5 DOM
4. 2026-06-15
   days on market $100,000 Active 4 DOM
5. 2026-06-14
   days on market $100,000 Active 2 DOM
6. 2026-06-13
   remarks 677-char remark
7. 2026-06-13
   pricedays on marketlisting id $100,000 Active 1 DOM
8. 2026-06-10
   days on market $105,000 Active 109 DOM
9. 2026-06-09
   days on market $105,000 Active 108 DOM
10. 2026-06-08
    days on market $105,000 Active 107 DOM
11. 2026-06-07
    days on market $105,000 Active 106 DOM
12. 2026-06-05
    days on market $105,000 Active 103 DOM
13. 2026-06-03
    days on market $105,000 Active 102 DOM
14. 2026-06-02
    days on market $105,000 Active 101 DOM
15. 2026-06-01
    days on market $105,000 Active 100 DOM
16. 2026-05-31
    days on market $105,000 Active 99 DOM
17. 2026-05-30
    days on market $105,000 Active 98 DOM
18. 2026-05-08
    price $105,000 682-char remark

    Show marketing remark (682 chars)

    With Multiple living spaces and a private Flex space that could be made into a 4th bedroom this home is perfect for families looking for alot of room. This charming home offers a functional layout with comfortable living space and great potential for a first-time buyer, investor, or anyone looking for an affordable option in Lubbock. Inside, you'll find a spacious living area, a practical kitchen, and nicely sized bedrooms with plenty of natural light. The backyard provides room to relax, entertain, or add your own touches. Conveniently located near schools, shopping, and easy access to major roads. Don't miss your chance to see this one — schedule your showing today!

19. 2026-04-07
    price $110,000 682-char remark

    Show marketing remark (682 chars)

    With Multiple living spaces and a private Flex space that could be made into a 4th bedroom this home is perfect for families looking for alot of room. This charming home offers a functional layout with comfortable living space and great potential for a first-time buyer, investor, or anyone looking for an affordable option in Lubbock. Inside, you'll find a spacious living area, a practical kitchen, and nicely sized bedrooms with plenty of natural light. The backyard provides room to relax, entertain, or add your own touches. Conveniently located near schools, shopping, and easy access to major roads. Don't miss your chance to see this one — schedule your showing today!

20. 2026-02-19
    listed $117,000 Active 682-char remark

    Show marketing remark (682 chars)

    With Multiple living spaces and a private Flex space that could be made into a 4th bedroom this home is perfect for families looking for alot of room. This charming home offers a functional layout with comfortable living space and great potential for a first-time buyer, investor, or anyone looking for an affordable option in Lubbock. Inside, you'll find a spacious living area, a practical kitchen, and nicely sized bedrooms with plenty of natural light. The backyard provides room to relax, entertain, or add your own touches. Conveniently located near schools, shopping, and easy access to major roads. Don't miss your chance to see this one — schedule your showing today!

21. 2025-11-19
    soldstatus
22. 2025-11-18
    soldstatus Closed 423-char remark

    Show marketing remark (423 chars)

    Looking for your next flip rehab project or rental? This is the house to start with! As a 3 bed, 2 bath + bonus room and attached garage, it is conveniently located near I-27 and minutes from Marsha Sharp Freeway and downtown. No other home in the area offers this much space with a large backyard and aesthetic front yard with mature trees and shrubs. Don't forget the large windows allowing plenty of natural sunlight in!

23. 2025-11-05
    status Pending 423-char remark

    Show marketing remark (423 chars)

    Looking for your next flip rehab project or rental? This is the house to start with! As a 3 bed, 2 bath + bonus room and attached garage, it is conveniently located near I-27 and minutes from Marsha Sharp Freeway and downtown. No other home in the area offers this much space with a large backyard and aesthetic front yard with mature trees and shrubs. Don't forget the large windows allowing plenty of natural sunlight in!

24. 2025-11-03
    listed $35,000 Active 423-char remark

    Show marketing remark (423 chars)

    Looking for your next flip rehab project or rental? This is the house to start with! As a 3 bed, 2 bath + bonus room and attached garage, it is conveniently located near I-27 and minutes from Marsha Sharp Freeway and downtown. No other home in the area offers this much space with a large backyard and aesthetic front yard with mature trees and shrubs. Don't forget the large windows allowing plenty of natural sunlight in!

25. 1988-03-01
    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: $1,050 · $87/mo
• Projected year-2 tax: $1,830 · $152/mo
• Expected delta: +$780/yr (+$65/mo · 74.3%)

ⓘ 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 ≥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: $11,294
• − Mortgage interest: −$5,602
• − Property taxes: −$1,050
• − Insurance: −$500
• − Repairs & maintenance: −$904
• − Management: −$904
• − Depreciation: −$2,909
• Taxable loss: −$573
• Est. tax savings @ 24.0%: +$138
• After-tax cash flow: $1,218/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): 8,529
• Household income: $51,630
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 366.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 55% Black 22% White 20% Two or more races 17% Native American 2%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Romanian 1% Lithuanian 0%
• Foreign-born: 5% · Canada
• Languages at home: 64% English-only · Spanish 36%

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: ▲ 3.22%
• Current HPI: 163.854
• 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

+200.0% since first listed

8 events — show timeline

• 2026-05-08 Price Changed $105,000 LARMLS
• 2026-04-07 Price Changed $110,000 LARMLS
• 2026-02-19 Listed $117,000 LARMLS
• 2025-11-19 Sold (Public Records) — Public Records
• 2025-11-18 Sold (MLS) — LARMLS
• 2025-11-05 Pending — LARMLS
• 2025-11-03 Listed $35,000 LARMLS
• 1988-03-01 Sold (Public Records) — Public Records

Property tax history

+6.5%/yr

Latest (2025): $1,050 · +14.6% YoY. Source: county tax records.