1907 140th St · Lubbock, TX 79423

$194,999

3 bd · 2.0 ba · 1,352 sqft · SingleFamily public records · 86 Days on market

Built 2021 5,175 sqft lot ↓ 5% since listing

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Why this score? — see what drove the D- 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 +9.6/30.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Rent growth +3.0/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home! This bright and inviting 3-bedroom, 2-bath home offers an open, inclusive floorplan designed for connection, comfort, and everyday living. The spacious living area flows seamlessly into the kitchen and dining space—perfect for entertaining, family time, or cozy nights in. The kitchen features clean finishes, ample counter space, and a large island that anchors the heart of the home. Enjoy the efficiency and affordability of SPEC electricity, plus peace of mind knowing this home is located in the highly sought-after Lubbock-Cooper ISD. With neutral tones, abundant natural light, and a layout that just makes sense, this home feels both modern and welcoming. Comfortable bed

Key facts

• Ample counter space
• Spacious living area
• Open floorplan

Tags

• OPEN FLOORPLAN
• SPACIOUS LIVING AREA
• AMPLE COUNTER SPACE
• LARGE ISLAND
• ABUNDANT NATURAL LIGHT
• WELL-THOUGHT-OUT DESIGN

Property features AI

Finance

• HOA & community: Community park; Playground; Street lights; Sidewalks

Exterior

• Parking: Attached garage with 2 spaces; Concrete driveway; Garage faces front; Garage door opener
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available and connected
• Home design: Single family residence; Residential property
• Construction: Brick construction; Composition roof; Slab foundation; Built above grade
• Exterior features: Private yard; Landscaped yard; Front and back yard; Front and rear sprinklers; Covered front porch; Covered rear porch; Wood fencing in backyard; Paved city street frontage; Public maintained road

Interior

• Kitchen: Cooktop; Electric cooktop; Range/oven; Microwave; Range hood; Dishwasher; Stainless steel appliances; Exhaust fan
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Granite counters; High ceilings; Kitchen island; Open floor plan; Pantry; Recessed lighting; Blinds; Double-pane windows
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (11.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (13.4% below list).
• Recommended offer: $169k (13.4% 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-Cooper ISD (rural): math 54% / reading 52% proficiency, ranked #98 of 826 in TX (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lubbock-Cooper East El (math 45% / reading 37%, grade F, #1,462 of 4,322 statewide, top 34%, 759 students, 55% FRL); Lubbock-Cooper Middle (math 46% / reading 45%, grade D+, #470 of 1,662 statewide, top 29%, 914 students, 37% FRL); Lubbock-Cooper H S (math 67% / reading 65%, grade B, #189 of 1,632 statewide, top 12%, 2,117 students, 31% FRL).
• Market conditions: Rents rising (+2.1%/yr); 663 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); solid renter incomes; 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 $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 86 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,869 (13.4% 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 86 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
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. 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?
8. 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.
9. 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.
10. 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: 0.87% ✗
• Cap rate: 5.49%
• Cash-on-cash: -2.87%
• DSCR: 0.87
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.13% rent growth · sell at horizon

5-year hold

• IRR: -22.1%
• Equity multiple: 0.24×
• Total profit: $-41,284
• Equity at exit: $29,075

10-year hold

• IRR: -18.4%
• Equity multiple: 0.04×
• Total profit: $-52,174
• Equity at exit: $16,860

Cash invested: $54,600 (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 79423

• Rents YoY: 2.1%
• Active inventory: 663
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,689 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$361 /mo · $4,330/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $-131

Break-even live

Break-even rent $1,854

Max offer price $171,928

Occupancy floor —

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13808 Sherman Ave Lubbock, TX	3.0	2.0	1450	$1,650	$1.14	44d	1	0.08mi
1705 141st St Lubbock, TX	3.0	2.0	1450	$1,795	$1.24	21d	1	0.17mi
1611 140th St Lubbock, TX	4.0	2.0	1703	$550	$0.32	21d	1	0.22mi
13809 Paris Ave Lubbock, TX	3.0	2.0	1300	$1,395	$1.07	44d	1	0.28mi
14102 Avenue V Lubbock, TX	3.0	2.0	1450	$1,500	$1.03	21d	1	0.36mi
1639 133rd St Lubbock, TX	3.0	2.0	1220	$1,499	$1.23	21d	1	0.46mi
13218 Sherman Ave Lubbock, TX	4.0	2.0	1700	$2,000	$1.18	44d	1	0.46mi
1635 133rd St Unit A Lubbock, TX	3.0	2.0	1526	$1,500	$0.98	21d	1	0.47mi
13212 Avenue R Lubbock, TX	3.0	2.0	1450	$1,625	$1.12	14d	1	0.47mi
13213 Sherman Ave Lubbock, TX	4.0	2.0	1700	$1,950	$1.15	14d	1	0.48mi
13212 Avenue S Lubbock, TX	3.0	2.0	1450	$1,699	$1.17	21d	1	0.48mi
13802 Avenue W Lubbock, TX	3.0	2.0	1820	$1,900	$1.04	14d	1	0.48mi
1634 133rd St Unit FS Lubbock, TX	3.0	2.0	1526	$1,649	$1.08	21d	1	0.50mi
1630 133rd St Unit B Lubbock, TX	3.0	2.0	1526	$1,450	$0.95	44d	1	0.51mi
1628 133rd St Lubbock, TX	3.0	4.0	1526	$1,420	$0.93	44d	1	0.52mi
2404 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	44d	1	0.65mi
14413 Avenue X Unit B Lubbock, TX	3.0	2.0	1350	$1,450	$1.07	44d	1	0.67mi
2309 134th St Lubbock, TX	3.0	2.0	1455	$1,799	$1.24	14d	1	0.67mi
2410 144th St Unit 1-2 Lubbock, TX	3.0	2.0	1350	$1,399	$1.04	44d	1	0.68mi
2410 144th St Unit A Lubbock, TX	3.0	2.0	1350	$1,500	$1.11	44d	1	0.68mi
14408 Avenue X Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	14d	1	0.68mi
2308 133rd St Lubbock, TX	3.0	2.0	1550	$1,700	$1.10	44d	1	0.71mi
2415 144th St Unit 1-2 Lubbock, TX	3.0	2.5	1350	$1,500	$1.11	14d	1	0.73mi
2217 150th Pl Lubbock, TX	4.0	2.0	1773	$2,150	$1.21	14d	1	0.77mi
2529 138th St Lubbock, TX	2.0	2.5	1249	$1,400	$1.12	21d	1	0.81mi
2540 138th St Lubbock, TX	2.0	2.0	1328	$1,425	$1.07	14d	1	0.84mi
2611 136th St Lubbock, TX	2.0	2.0	1251	$1,599	$1.28	21d	1	0.85mi
2613 136th St Lubbock, TX	3.0	2.0	1251	$1,599	$1.28	21d	1	0.86mi
2607 135th St Lubbock, TX	3.0	2.0	1518	$1,500	$0.99	44d	1	0.86mi
2550 137th St Lubbock, TX	3.0	2.5	1732	$1,795	$1.04	14d	1	0.88mi
2626 136th St Lubbock, TX	2.0	2.0	1238	$1,400	$1.13	44d	1	0.90mi
2627 135th St Lubbock, TX	3.0	2.0	1518	$1,600	$1.05	21d	1	0.91mi
2713 138th St Lubbock, TX	4.0	2.0	1650	$2,100	$1.27	21d	1	0.96mi
2739 137th St Lubbock, TX	3.0	2.0	1418	$1,600	$1.13	44d	1	1.02mi
2745 137th St Lubbock, TX	3.0	2.0	1410	$1,550	$1.10	21d	1	1.04mi
2903 134th St Lubbock, TX	4.0	2.0	1873	$2,300	$1.23	21d	1	1.14mi
3008 139th St Lubbock, TX	4.0	2.0	1600	$2,000	$1.25	21d	1	1.26mi
3011 138th Pl Lubbock, TX	3.0	2.0	1760	$2,200	$1.25	44d	1	1.28mi
3011 138th Pl Lubbock, TX	3.0	2.0	1760	$2,200	$1.25	21d	1	1.28mi
3016 140th St Lubbock, TX	3.0	2.0	1350	$2,000	$1.48	21d	1	1.28mi

Listing history 5 events

1. 2026-04-27
   status Pending
2. 2026-04-10
   price $194,999
3. 2026-04-10
   price $194,999
4. 2026-02-26
   price $199,999
5. 2026-01-30
   listed $204,999 Active

ⓘ 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: $4,330 · $361/mo
• Projected year-2 tax: $4,330 · $361/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,264
• − Mortgage interest: −$10,923
• − Property taxes: −$4,330
• − Insurance: −$975
• − Repairs & maintenance: −$1,621
• − Management: −$1,621
• − Depreciation: −$5,673
• Taxable loss: −$4,878
• Est. tax savings @ 24.0%: +$1,171
• After-tax cash flow: $-396/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-Cooper ISD
• NCES district ID: 4815180
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $77,347
• Composite: 47.9/100
• National rank: #2214
• State rank: #98 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): 46,998
• Household income: $84,933
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 1385.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 13% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -155.00%
• Current HPI: 213.6491
• Rent YoY: ▲ 2.13%
• 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

-4.9% since first listed

5 events — show timeline

• 2026-04-27 Pending — LARMLS
• 2026-04-10 Price Changed $194,999 LARMLS
• 2026-04-10 Price Changed $194,999 LARMLS
• 2026-02-26 Price Changed $199,999 LARMLS
• 2026-01-30 Listed $204,999 LARMLS

Property tax history

+55.7%/yr

Latest (2025): $4,330 · -1.6% YoY. Source: county tax records.