2812 62nd St · Lubbock, TX 79413

$179,900

3 bd · 2.0 ba · 1,516 sqft · SingleFamily public records · 72 Days on market

Built 1956 7,008 sqft lot $119/sqft · 11% above area Est $162k · 11% over

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Why this score? — see what drove the F 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 +9.4/30.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• 1% rule +3.0/10.0
• Rent growth +3.0/5.0
• DSCR +2.6/10.0
• ARV discount +2.6/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Is this your perfect home? Is this for your investor portfolio? Or is this the IDEAL Airbnb opportunity for all your Texas Tech home games?! This FULLY FURNISHED, beautifully maintained home features 3 spacious bedrooms, 2 full bathrooms, and a 1 car garage, perfectly ready for you to move in! Located in a prime area with easy access to Texas Tech University and Loop 289, you'll enjoy quick commutes to anywhere in town. From the moment you arrive, you'll be welcomed by the strong curb appeal, mature trees, and well-kept landscaping in an established neighborhood. Inside, the home boasts vinyl plank flooring in the bedrooms and laminate flooring throughout the main living areas. The kitchen has beautiful countertops, creating a modern and inviting space to cook and entertain. Step out back and enjoy a spacious yard with a beautiful, mature tree, ideal for pets, play, or gatherings with family and friends. The attached garage provides added convenience and protection from the unpredictable Lubbock weather. Don't miss your chance to see this charming, well-kept home. Schedule your showing today!

Key facts

• Laminate flooring
• Strong curb appeal
• Fully furnished

Tags

• FULLY FURNISHED
• STRONG CURB APPEAL
• MATURE TREES
• WELL KEPT LANDSCAPING
• VINYL PLANK FLOORING
• LAMINATE FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $157k (12.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $144k (19.8% below list).
• Recommended offer: $144k (19.8% 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: Parsons El (math 32% / reading 32%, grade F, #2,268 of 4,322 statewide, top 55%, 396 students, 84% FRL); Atkins Middle (math 24% / reading 33%, grade F, #1,122 of 1,662 statewide, top 69%, 542 students, 87% FRL); Monterey H S (math 28% / reading 37%, grade F, #1,029 of 1,632 statewide, top 64%, 2,114 students, 72% FRL) — zoned schools average 81% FRL vs 60% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.9%/yr); 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 72 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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 1956 — 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 $144,283 (19.8% 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 72 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.80% ✗
• Cap rate: 5.43%
• Cash-on-cash: -3.09%
• DSCR: 0.86
• GRM: 10.4

CMA / ARV

• ARV (median comp): $162,338
• List price: $179,900
• Delta: 10.82%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -22.7%
• Equity multiple: 0.23×
• Total profit: $-38,900
• Equity at exit: $26,824

10-year hold

• IRR: -19.9%
• Equity multiple: -0.00×
• Total profit: $-50,478
• Equity at exit: $15,554

Cash invested: $50,372 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,443 high
• Mortgage (P&I): −$943
• Tax from tax record: −$251 /mo · $3,015/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $-130

Break-even live

Break-even rent $1,607

Max offer price $156,978

Occupancy floor —

Sensitivity live

Price	-10% $-28	-5% $-79	+0% $-130	+5% $-181	+10% $-232
Rent	-10% $-244	-5% $-187	+0% $-130	+5% $-73	+10% $-16
Rate	-1.0pp $-39	-0.5pp $-84	base $-130	+0.5pp $-176	+1.0pp $-224

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2821 61st St Lubbock, TX	3.0	1.0	1230	$1,100	$0.89	45d	1	0.09mi
2725 63rd St Unit FS Lubbock, TX	3.0	2.0	1624	$1,599	$0.98	45d	1	0.11mi
2817 63rd St Lubbock, TX	3.0	1.0	1125	$1,250	$1.11	23d	1	0.11mi
2707 63rd St Lubbock, TX	3.0	1.0	1080	$1,050	$0.97	15d	1	0.19mi
2827 66th St Lubbock, TX	3.0	1.0	1190	$1,200	$1.01	23d	1	0.28mi
2730 68th St Lubbock, TX	4.0	3.0	2050	$1,999	$0.98	23d	1	0.38mi
2726 68th St Lubbock, TX	4.0	2.0	1524	$1,800	$1.18	45d	1	0.38mi
2823 54th St Lubbock, TX	3.0	2.0	1725	$1,825	$1.06	45d	1	0.48mi
3236 63rd St Lubbock, TX	3.0	2.5	1818	$1,524	$0.84	15d	1	0.51mi
6711 Hartford Ave Unit A Lubbock, TX	2.0	1.5	1165	$975	$0.84	45d	1	0.62mi
6911 Gary Ave Unit A Lubbock, TX	3.0	2.0	1154	$1,125	$0.97	45d	1	0.63mi
2121 56th St Lubbock, TX	3.0	2.0	2047	$1,999	$0.98	23d	1	0.80mi
2115 66th St Lubbock, TX	4.0	2.0	2160	$1,795	$0.83	23d	1	0.81mi
3423 56th St Lubbock, TX	3.0	2.0	2224	$1,895	$0.85	45d	1	0.87mi
3107 75th St Unit B Lubbock, TX	2.0	2.0	1400	$1,250	$0.89	23d	1	0.91mi
3019 47th St Lubbock, TX	3.0	2.0	1298	$1,400	$1.08	23d	1	0.95mi
7304 Avenue W Lubbock, TX	3.0	2.0	1500	$999	$0.67	15d	1	0.97mi
3307 74th St Unit A Lubbock, TX	3.0	2.5	2024	$1,540	$0.76	45d	1	0.98mi
7406 Waco Ave Unit C Lubbock, TX	2.0	1.0	1831	$750	$0.41	45d	1	1.01mi
2128 74th St Lubbock, TX	3.0	2.5	1132	$1,350	$1.19	23d	1	1.01mi
1923 67th St Lubbock, TX	4.0	2.0	1467	$1,525	$1.04	45d	1	1.04mi
5330 Kenosha Ave Lubbock, TX	2.0	1.5	1300	$1,050	$0.81	45d	1	1.07mi
3415 49th St Unit B Lubbock, TX	3.0	2.0	1410	$1,350	$0.96	45d	1	1.08mi
5324 Kenosha Ave Lubbock, TX	2.0	1.5	1300	$950	$0.73	15d	1	1.08mi
2101 51st St Lubbock, TX	2.0	1.5	1100	$900	$0.82	23d	1	1.09mi
5302 Kenosha Ave Unit 5330 Lubbock, TX	2.0	1.5	1300	$1,050	$0.81	45d	1	1.09mi
5302 Kenosha Ave Unit 5324 Kenosha Lubbock, TX	2.0	1.5	1300	$950	$0.73	15d	1	1.09mi
2316 47th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	23d	1	1.09mi
5202 Kenosha Ave Lubbock, TX	2.0	1.0–1.5	1082	$1,022	$0.94	23d	1	1.11mi
3312 47th St Lubbock, TX	3.0	2.0	1880	$1,795	$0.95	45d	1	1.11mi
2611 44th St Lubbock, TX	3.0	1.0	1200	$1,395	$1.16	45d	1	1.12mi
2815 43rd St Unit 11 Lubbock, TX	2.0	1.0	1085	$800	$0.74	23d	1	1.14mi
3105 44th St Lubbock, TX	3.0	2.0	1348	$1,375	$1.02	23d	1	1.14mi
5018 Kenosha Ave Lubbock, TX	2.0	1.5	1245	$1,275	$1.02	15d	1	1.14mi
3631 54th St Lubbock, TX	2.0	1.5	1145	$1,099	$0.96	45d	1	1.17mi
2812 43rd St Unit 7 Lubbock, TX	2.0	1.0	1104	$750	$0.68	23d	1	1.17mi
2812 43rd St Unit 6 Lubbock, TX	2.0	1.0	1104	$700	$0.63	45d	1	1.18mi
3417 47th St Lubbock, TX	3.0	2.0	1450	$1,550	$1.07	45d	1	1.18mi
2612 81st St Unit B Lubbock, TX	2.0	2.0	1150	$1,100	$0.96	45d	1	1.19mi
3806 58th St Unit B Lubbock, TX	2.0	1.0	1150	$900	$0.78	15d	1	1.19mi

Listing history 32 events

1. 2026-06-16
   days on market $179,900 Active 72 DOM
2. 2026-06-15
   days on market $179,900 Active 71 DOM
3. 2026-06-14
   days on market $179,900 Active 69 DOM
4. 2026-06-13
   days on market $179,900 Active 68 DOM
5. 2026-06-10
   days on market $179,900 Active 66 DOM
6. 2026-06-09
   days on market $179,900 Active 65 DOM
7. 2026-06-08
   days on market $179,900 Active 64 DOM
8. 2026-06-07
   days on market $179,900 Active 63 DOM
9. 2026-06-05
   days on market $179,900 Active 60 DOM
10. 2026-06-03
    days on market $179,900 Active 59 DOM
11. 2026-06-02
    days on market $179,900 Active 58 DOM
12. 2026-06-01
    days on market $179,900 Active 57 DOM
13. 2026-05-31
    days on market $179,900 Active 56 DOM
14. 2026-05-30
    days on market $179,900 Active 55 DOM
15. 2026-05-03
    price $1,500
16. 2026-04-05
    listed $179,900 Active 1109-char remark

    Show marketing remark (1109 chars)

    Is this your perfect home? Is this for your investor portfolio? Or is this the IDEAL Airbnb opportunity for all your Texas Tech home games?! This FULLY FURNISHED, beautifully maintained home features 3 spacious bedrooms, 2 full bathrooms, and a 1 car garage, perfectly ready for you to move in! Located in a prime area with easy access to Texas Tech University and Loop 289, you'll enjoy quick commutes to anywhere in town. From the moment you arrive, you'll be welcomed by the strong curb appeal, mature trees, and well-kept landscaping in an established neighborhood. Inside, the home boasts vinyl plank flooring in the bedrooms and laminate flooring throughout the main living areas. The kitchen has beautiful countertops, creating a modern and inviting space to cook and entertain. Step out back and enjoy a spacious yard with a beautiful, mature tree, ideal for pets, play, or gatherings with family and friends. The attached garage provides added convenience and protection from the unpredictable Lubbock weather. Don't miss your chance to see this charming, well-kept home. Schedule your showing today!

17. 2025-09-23
    price $1,600
18. 2025-08-16
    listed $1,650
19. 2023-05-17
    soldstatus
20. 2023-05-17
    soldstatus
21. 2023-05-15
    soldstatus Closed 839-char remark

    Show marketing remark (839 chars)

    Welcome home! This amazing 3 large bedroom, 2 full bathroom home with garage is ready for YOU! The location is prime, with easy access to Texas Tech, or loop 289 to get anywhere in town quick! When you pull up, you will be greeted with a strong curb appeal, and established neighborhood with trees and landscaping! Inside, the home features vinyl plank flooring in bedrooms, laminate flooring in the main areas, and updated kitchen with new countertops and paint! The rest of the home has had recent updates, and is sure to impress once you are inside. The backyard features a beautiful, large tree, and open backyard. . great for a pet, and entertaining guests! This home also comes with a 1 car garage, that can be used to keep your vehicle safe from the Lubbock weather. Come take a look at this one today, it is a cute, well kept home!

22. 2023-04-17
    status Pending 839-char remark

    Show marketing remark (839 chars)

    Welcome home! This amazing 3 large bedroom, 2 full bathroom home with garage is ready for YOU! The location is prime, with easy access to Texas Tech, or loop 289 to get anywhere in town quick! When you pull up, you will be greeted with a strong curb appeal, and established neighborhood with trees and landscaping! Inside, the home features vinyl plank flooring in bedrooms, laminate flooring in the main areas, and updated kitchen with new countertops and paint! The rest of the home has had recent updates, and is sure to impress once you are inside. The backyard features a beautiful, large tree, and open backyard. . great for a pet, and entertaining guests! This home also comes with a 1 car garage, that can be used to keep your vehicle safe from the Lubbock weather. Come take a look at this one today, it is a cute, well kept home!

23. 2023-04-14
    listed $175,000 Active 839-char remark

    Show marketing remark (839 chars)

    Welcome home! This amazing 3 large bedroom, 2 full bathroom home with garage is ready for YOU! The location is prime, with easy access to Texas Tech, or loop 289 to get anywhere in town quick! When you pull up, you will be greeted with a strong curb appeal, and established neighborhood with trees and landscaping! Inside, the home features vinyl plank flooring in bedrooms, laminate flooring in the main areas, and updated kitchen with new countertops and paint! The rest of the home has had recent updates, and is sure to impress once you are inside. The backyard features a beautiful, large tree, and open backyard. . great for a pet, and entertaining guests! This home also comes with a 1 car garage, that can be used to keep your vehicle safe from the Lubbock weather. Come take a look at this one today, it is a cute, well kept home!

24. 2019-11-06
    soldstatus
25. 2019-10-31
    soldstatus
26. 2019-09-07
    listed $108,500
27. 2015-09-15
    soldstatus
28. 2015-09-10
    soldstatus
29. 2015-07-08
    listed $81,900
30. 2006-10-26
    soldstatus
31. 1991-02-01
    soldstatus
32. 1989-11-01
    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: $3,015 · $251/mo
• Projected year-2 tax: $3,292 · $274/mo
• Expected delta: +$278/yr (+$23/mo · 9.2%)

ⓘ 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: $17,314
• − Mortgage interest: −$10,077
• − Property taxes: −$3,015
• − Insurance: −$900
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$5,233
• Taxable loss: −$4,681
• Est. tax savings @ 24.0%: +$1,123
• After-tax cash flow: $-434/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

-98.2% since first listed

18 events — show timeline

• 2026-05-03 Price Changed $1,500 BUILDIUM
• 2026-04-05 Listed $179,900 LARMLS
• 2025-09-23 Price Changed $1,600 BUILDIUM
• 2025-08-16 Listed for Rent $1,650 BUILDIUM
• 2023-05-17 Sold (Public Records) — Public Records
• 2023-05-17 Sold (Public Records) — Public Records
• 2023-05-15 Sold (MLS) — LARMLS
• 2023-04-17 Pending — LARMLS
• 2023-04-14 Listed $175,000 LARMLS
• 2019-11-06 Sold (Public Records) — Public Records
• 2019-10-31 Sold (MLS) — LARMLS
• 2019-09-07 Listed $108,500 LARMLS
• 2015-09-15 Sold (Public Records) — Public Records
• 2015-09-10 Sold (MLS) — LARMLS
• 2015-07-08 Listed $81,900 LARMLS
• 2006-10-26 Sold (Public Records) — Public Records
• 1991-02-01 Sold (Public Records) — Public Records
• 1989-11-01 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $3,015 · -8.0% YoY. Source: county tax records.