4812 36th St · Lubbock, TX 79414

$140,000

3 bd · 2.0 ba · 1,722 sqft · SingleFamily public records · 112 Days on market

Built 1952 8,838 sqft lot $81/sqft · 26% below area Est $190k · 26% under ↓ 7% since listing

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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 +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 2-bath home offering approximately 1,722 sq. ft. in a convenient location near Coronado High School. This property features wood flooring, a fireplace with a built-in bar, and a second living area converted from the garage. New windows have been installed in the front two rooms. The home also includes a covered back porch and a spacious backyard with mature trees.

Key facts

• Wood flooring
• Large backyard
• Second living area

Tags

• WOOD FLOORING
• COZY FIREPLACE
• BUILT-IN BAR
• SECOND LIVING AREA
• COVERED BACK PORCH
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $127k (9.0% 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 flat; 89 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 35% of the median local income ($49k/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 $968 of loan paydown is wiped out by about $4k 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 112 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

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 $127,400 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.01% ✓
• Cap rate: 7.55%
• Cash-on-cash: 4.50%
• DSCR: 1.20
• GRM: 8.2

CMA / ARV

• ARV (median comp): $190,415
• List price: $140,000
• Delta: -26.48%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.57×
• Total profit: $-16,696
• Equity at exit: $20,874

10-year hold

• IRR: -7.0%
• Equity multiple: 0.60×
• Total profit: $-15,652
• Equity at exit: $12,105

Cash invested: $39,200 (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 79414

• Home prices YoY: -27.8%
• Rents YoY: 0.6%
• Active inventory: 89
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,416 high
• Mortgage (P&I): −$734
• Tax from tax record: −$180 /mo · $2,154/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $147

Break-even live

Break-even rent $1,230

Max offer price $140,000

Occupancy floor 85%

Sensitivity live

Price	-10% $226	-5% $187	+0% $147	+5% $107	+10% $68
Rent	-10% $35	-5% $91	+0% $147	+5% $203	+10% $259
Rate	-1.0pp $217	-0.5pp $183	base $147	+0.5pp $111	+1.0pp $74

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4818 36th St Lubbock, TX	3.0	2.0	1285	$1,400	$1.09	22d	1	0.03mi
4801 36th St Lubbock, TX	3.0	2.0	1424	$1,275	$0.90	22d	1	0.08mi
5003 35th St Lubbock, TX	3.0	2.0	1501	$1,550	$1.03	14d	1	0.20mi
4606 35th St Lubbock, TX	4.0	2.0	1684	$1,800	$1.07	44d	1	0.29mi
5024 35th St Lubbock, TX	3.0	2.0	1364	$1,300	$0.95	22d	1	0.30mi
4817 40th St Lubbock, TX	3.0	2.0	1254	$1,300	$1.04	14d	1	0.30mi
4702 31st St Lubbock, TX	3.0	2.0	1600	$1,450	$0.91	44d	1	0.35mi
4907 41st St Lubbock, TX	3.0	2.0	1196	$1,200	$1.00	44d	1	0.37mi
4430 33rd St Lubbock, TX	3.0	2.0	1402	$1,100	$0.78	44d	1	0.42mi
4428 33rd St Lubbock, TX	3.0	1.5	1685	$1,375	$0.82	44d	1	0.43mi
4707 42nd St Lubbock, TX	3.0	1.0	1053	$1,049	$1.00	14d	1	0.45mi
4708 43rd St Lubbock, TX	3.0	1.5	1249	$1,350	$1.08	44d	1	0.48mi
4815 43rd St Lubbock, TX	3.0	2.0	1282	$1,500	$1.17	22d	1	0.49mi
4803 43rd St Lubbock, TX	3.0	2.0	1412	$1,200	$0.85	22d	1	0.49mi
4619 43rd St Lubbock, TX	3.0	1.0	1404	$1,500	$1.07	44d	1	0.53mi
4819 44th St Lubbock, TX	3.0	2.0	1412	$1,300	$0.92	44d	1	0.55mi
2409 Utica Ave Lubbock, TX	3.0	1.5	1693	$1,400	$0.83	22d	1	0.61mi
4413 40th St Lubbock, TX	3.0	1.0	1152	$1,350	$1.17	22d	1	0.62mi
5101 44th St Lubbock, TX	3.0	2.0	1160	$1,350	$1.16	22d	1	0.63mi
5220 41st St Lubbock, TX	3.0	2.0	1536	$1,400	$0.91	22d	1	0.64mi
5318 39th St Lubbock, TX	3.0	2.0	1736	$1,375	$0.79	14d	1	0.66mi
4916 46th St Lubbock, TX	3.0	2.0	1377	$1,450	$1.05	14d	1	0.66mi
4423 27th St Lubbock, TX	3.0	2.0	1268	$1,600	$1.26	22d	1	0.67mi
5002 46th St Lubbock, TX	3.0	2.0	1369	$1,450	$1.06	44d	1	0.67mi
4304 32nd St Lubbock, TX	3.0	2.0	1174	$1,395	$1.19	14d	1	0.71mi
4315 41st St Lubbock, TX	3.0	2.0	1558	$1,450	$0.93	22d	1	0.72mi
5017 46th St Lubbock, TX	3.0	2.0	1753	$1,600	$0.91	44d	1	0.74mi
4310 42nd St Lubbock, TX	3.0	2.0	1754	$1,700	$0.97	44d	1	0.76mi
4926 48th St Lubbock, TX	3.0	2.0	1354	$1,500	$1.11	22d	1	0.78mi
4211 41st St Lubbock, TX	4.0	2.0	1960	$1,599	$0.82	44d	1	0.83mi
4602 50th St Lubbock, TX	1.0–3.0	1.0–2.5	1080	$1,368	$1.27	14d	9	0.84mi
5406 36th St Lubbock, TX	3.0	2.0	1400	$695	$0.50	44d	1	0.85mi
4103 30th St Lubbock, TX	3.0	1.0	1323	$1,250	$0.94	44d	1	0.86mi
5415 42nd St Lubbock, TX	3.0	2.0	1417	$1,450	$1.02	22d	1	0.88mi
5416 36th St Lubbock, TX	3.0	2.0	1375	$1,295	$0.94	44d	1	0.92mi
5302 48th St Lubbock, TX	3.0	2.0	1368	$1,450	$1.06	22d	1	0.93mi
3812 36th St Unit A Lubbock, TX	3.0	2.0	1458	$1,500	$1.03	22d	1	0.99mi
5204 50th St Lubbock, TX	2.0–3.0	2.0	1050	$1,150	$1.10	14d	2	1.00mi
5604 38th St Lubbock, TX	3.0	2.0	1442	$1,400	$0.97	22d	1	1.02mi
5407 24th St Lubbock, TX	3.0	2.0	1208	$1,150	$0.95	14d	1	1.08mi

Listing history 3 events

1. 2026-03-25
   price $140,000 386-char remark

   Show marketing remark (386 chars)

   Charming 3-bedroom, 2-bath home offering approximately 1,722 sq. ft. in a convenient location near Coronado High School. This property features wood flooring, a fireplace with a built-in bar, and a second living area converted from the garage. New windows have been installed in the front two rooms. The home also includes a covered back porch and a spacious backyard with mature trees.

2. 2026-02-23
   price $145,000 386-char remark

   Show marketing remark (386 chars)

   Charming 3-bedroom, 2-bath home offering approximately 1,722 sq. ft. in a convenient location near Coronado High School. This property features wood flooring, a fireplace with a built-in bar, and a second living area converted from the garage. New windows have been installed in the front two rooms. The home also includes a covered back porch and a spacious backyard with mature trees.

3. 2026-01-31
   listed $150,000 Active 386-char remark

   Show marketing remark (386 chars)

   Charming 3-bedroom, 2-bath home offering approximately 1,722 sq. ft. in a convenient location near Coronado High School. This property features wood flooring, a fireplace with a built-in bar, and a second living area converted from the garage. New windows have been installed in the front two rooms. The home also includes a covered back porch and a spacious backyard with mature trees.

ⓘ 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: $2,154 · $180/mo
• Projected year-2 tax: $2,562 · $214/mo
• Expected delta: +$408/yr (+$34/mo · 18.9%)

ⓘ 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: $16,998
• − Mortgage interest: −$7,842
• − Property taxes: −$2,154
• − Insurance: −$700
• − Repairs & maintenance: −$1,360
• − Management: −$1,360
• − Depreciation: −$4,073
• Taxable loss: −$491
• Est. tax savings @ 24.0%: +$118
• After-tax cash flow: $1,882/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): 17,596
• Household income: $49,057
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 1330.0

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 0.62)
• Race & ethnicity: White 47% Hispanic / Latino 39% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 82% English-only · Spanish 16%

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: ▼ -95.31%
• Current HPI: 247.7963
• Rent YoY: ▲ 0.56%
• 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

-6.7% since first listed

3 events — show timeline

• 2026-03-25 Price Changed $140,000 LARMLS
• 2026-02-23 Price Changed $145,000 LARMLS
• 2026-01-31 Listed $150,000 LARMLS

Property tax history

+2.8%/yr

Latest (2025): $2,154 · -15.4% YoY. Source: county tax records.