7912 Albany Ave · Lubbock, TX 79424

$250,000

4 bd · 4.0 ba · 2,507 sqft · MultiFamily public records · 10 Days on market

Built 1977 10,370 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 +23.6/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Well maintained income producing duplex with tenants in place. Professionally managed. Part of a package of 4 properties including 3633 54th, 4309 58th and 4313 58th

Key facts

• 0.24 acre lot
• Garage
• Built 1977

Property features AI

Finance

• Financial info: Property listed as residential income (duplex)
• HOA & community: No community features listed

Exterior

• Parking: Attached garage; Driveway; Total 1 garage space
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Natural gas available
• Home design: Duplex (residential income); Single-story; Brick veneer construction; Slab foundation
• Construction: Built with brick veneer; Composition roof; Slab foundation
• Exterior features: Patio; Fenced backyard; No other exterior structures listed; Composition roof

Interior

• Kitchen: Dishwasher; Electric range; Range hood; Gas water heater
• Flooring: Carpet; Tile
• Bathrooms: Four full bathrooms
• Heating & cooling: Central heating (natural gas); Central electric air conditioning; Ceiling fans
• Interior features: Ceiling fans; Window coverings; Fireplaces (2)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/2.0-bath units multifamily listed at $250k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive. Per door: $235/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).

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: Whiteside El (math 59% / reading 56%, grade C+, #492 of 4,322 statewide, top 12%, 490 students, 48% FRL); Irons Middle (math 25% / reading 36%, grade F, #1,036 of 1,662 statewide, top 63%, 815 students, 71% 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 at 63% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 712 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).
• This rent runs 35% of the median local income ($97k/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 $2k of loan paydown is wiped out by about $8k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

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 $250,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.05%
• DSCR: 1.36
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.75% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-11,242
• Equity at exit: $37,276

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $26,085
• Equity at exit: $21,615

Cash invested: $70,000 (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 79424

• Rents YoY: 2.8%
• Active inventory: 712
• Price-to-rent: 14.8×

Monthly cashflow live

• Estimated rent: $2,812 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$337 /mo · $4,039/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$591
• Net cashflow: $470

Break-even live

Break-even rent $2,217

Max offer price $250,000

Occupancy floor 78%

Sensitivity live

Price	-10% $611	-5% $540	+0% $470	+5% $399	+10% $328
Rent	-10% $248	-5% $359	+0% $470	+5% $581	+10% $692
Rate	-1.0pp $596	-0.5pp $533	base $470	+0.5pp $405	+1.0pp $339

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$2,812
Total (2 units)			$2,812

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5309 77th St Lubbock, TX	4.0	2.5	2336	$2,500	$1.07	45d	1	0.23mi
5703 80th St Lubbock, TX	3.0	2.0	2133	$2,295	$1.08	46d	1	0.53mi
4715 French Quarter Ct Lubbock, TX	3.0	2.0	2386	$2,400	$1.01	45d	1	0.79mi
7616 Utica Ave Lubbock, TX	3.0	2.5	1913	$2,100	$1.10	45d	1	0.79mi
5806 78th St Lubbock, TX	3.0	2.0	1985	$1,800	$0.91	45d	1	0.80mi
5715 69th St Lubbock, TX	3.0	2.0	1796	$1,725	$0.96	45d	1	0.93mi
4522 79th St Lubbock, TX	3.0	2.0	1933	$1,800	$0.93	22d	1	0.95mi
5513 95th St Lubbock, TX	3.0	2.0	1785	$1,575	$0.88	22d	1	0.98mi
9701 Abbeville Ave Lubbock, TX	3.0	2.0	1817	$1,750	$0.96	22d	1	1.03mi
6904 Freeport Ave Lubbock, TX	3.0	2.0	1820	$2,150	$1.18	45d	1	1.06mi
6024 74th St Lubbock, TX	4.0	2.0	1997	$1,999	$1.00	45d	1	1.21mi
4419 89th St Lubbock, TX	3.0	3.0	2619	$2,750	$1.05	22d	1	1.24mi
5523 101st St Lubbock, TX	3.0	2.0	1901	$2,100	$1.10	22d	1	1.34mi
9806 Genoa Ave Lubbock, TX	4.0	2.0	1763	$2,050	$1.16	45d	1	1.49mi

Listing history 10 events

1. 2026-06-13
   statusdays on market $250,000 Pending 10 DOM
2. 2026-06-10
   days on market $250,000 Active 9 DOM
3. 2026-06-09
   days on market $250,000 Active 8 DOM
4. 2026-06-08
   days on market $250,000 Active 7 DOM
5. 2026-06-07
   days on market $250,000 Active 6 DOM
6. 2026-06-05
   days on market $250,000 Active 3 DOM
7. 2026-06-03
   days on market $250,000 Active 2 DOM
8. 2026-06-03
   remarks 165-char remark
9. 2026-06-02
   remarks 85-char remark
10. 2026-06-02
    listed $250,000 Active 1 DOM

ⓘ 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: $4,039 · $337/mo
• Projected year-2 tax: $4,575 · $381/mo
• Expected delta: +$536/yr (+$45/mo · 13.3%)

ⓘ 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 ≥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: $33,744
• − Mortgage interest: −$14,004
• − Property taxes: −$4,039
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,700
• − Management: −$2,700
• − Depreciation: −$7,273
• Taxable income: $1,780
• Est. tax owed @ 24.0%: −$427
• After-tax cash flow: $5,210/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): 53,478
• Household income: $97,231
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 1958.0

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: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 21% Two or more races 12% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 88% English-only · Spanish 8% Chinese 1% Tagalog/Filipino 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: ▼ -146.64%
• Current HPI: 213.2155
• Rent YoY: ▲ 2.75%
• 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 events — show timeline

• 2026-06-01 Listed $250,000 LARMLS
• 2001-08-16 Sold (Public Records) — Public Records
• 1989-05-01 Sold (Public Records) — Public Records
• 1988-01-01 Sold (Public Records) — Public Records

Property tax history

+3.5%/yr

Latest (2025): $4,039 · -2.6% YoY. Source: county tax records.