4701 S 5th St · Abilene, TX 79605

$189,900

4 bd · 2.0 ba · 1,470 sqft · SingleFamily public records · 2 Days on market

Built 1961 6,665 sqft lot Est $204k · 7% 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 +19.7/30.0
• ARV discount +10.7/15.0
• DSCR +6.2/10.0
• 1% rule +6.1/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Owner Agent Home has been completely remodeled. New roof, new paint inside and out. New flooring, new carpet, new thermopane windows, new title in bathrooms, new dishwasher, new microwave Four bedroom two bathrooms, new fence, new large covered parking. New light fixtures and new ceiling fans. Large Living room, very large master bedroom with wood ceiling. This is a must see in a great area! At $146,500 owner will pay $2500 of closing costs or up to a $2500 dollar appliance package for a range and refrigerator.

Key facts

• Updated bathrooms
• Updated kitchen
• Corner lot

Tags

• UPDATED KITCHEN
• UPDATED BATHROOMS
• CORNER LOT
• LUXURY VINYL PLANK FLOORING

Property features AI

Finance

• Other: Corner parcel (subdivision: Elmwood West)
• Financial info: Listing terms: Cash or Conventional; Second mortgage: none indicated
• HOA & community: No homeowners association

Exterior

• Parking: Carport with 2 covered spaces; Driveway
• Utilities: City sewer; City water; No municipal utility district
• Home design: Single family residence; One story; Residential property; Preowned (built in 1961)
• Construction: Composition roof; Slab foundation; Built in 1961
• Exterior features: Wood fencing; Corner lot

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: Four bedrooms (primary bedroom on main level)
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans; Window unit(s)
• Interior features: Granite counters; One living area; One dining area; Two total bathrooms
• Laundry & utility: Full-size washer/dryer area

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).

Location & tenants

• Location reads 75/100 on livability (#142 in TX, #4,037 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, commute F.
• Abilene ISD (urban): math 32% / reading 34% proficiency, ranked #575 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bonham El (math 29% / reading 28%, grade F, #2,706 of 4,322 statewide, top 63%, 482 students, 79% FRL) — zoned schools average 79% FRL vs 57% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+32.1%/yr); 109 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 508 units permitted in Taylor County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Taylor County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $53k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y ago; this cycle's ask is 6% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,900

Questions for the listing agent

1. Built in 1961 — 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 D 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: 1.11% ✓
• Cap rate: 7.70%
• Cash-on-cash: 5.04%
• DSCR: 1.22
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $204,330
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
734 S Jefferson Dr	0.22mi	3/2.0 (-1)	1,546 (+5%)	1mo	$215,500	$139	75
918 S San Jose Dr	0.35mi	3/1.5 (-1)	1,400 (-5%)	2mo	$212,000	$151	67
1141 S La Salle	0.52mi	4/1.0	1,427 (-3%)	2mo	$190,000	$133	65
1058 Westridge Dr	0.59mi	3/2.0 (-1)	1,468 (-0%)	4mo	$210,000	$143	64
4225 S 6th St	0.35mi	3/2.0 (-1)	1,322 (-10%)	1mo	$169,900	$129	61
918 Buccaneer Dr	0.43mi	3/2.0 (-1)	1,332 (-9%)	1mo	$210,000	$158	58
826 S La Salle Dr	0.29mi	3/1.0 (-1)	1,309 (-11%)	1mo	$152,500	$117	58
7631 Hudson Way	0.53mi	3/2.0 (-1)	1,573 (+7%)	3mo	$315,000	$200	56
5208 Aztec Dr	0.47mi	3/2.0 (-1)	1,300 (-12%)	0mo	$189,000	$145	54
1266 Buccaneer Dr	0.68mi	3/1.0 (-1)	1,502 (+2%)	3mo	$130,000	$87	53
1305 S Pioneer Dr	0.73mi	4/2.0	1,620 (+10%)	2mo	$225,000	$139	47
1126 S Bowie Dr	0.50mi	3/1.0 (-1)	1,262 (-14%)	5mo	$129,900	$103	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.90×
• Total profit: $-5,336
• Equity at exit: $28,315

10-year hold

• IRR: 12.3%
• Equity multiple: 2.22×
• Total profit: $64,693
• Equity at exit: $16,419

Cash invested: $53,172 (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 79605

• Rents YoY: 32.1%
• Active inventory: 109
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,104 high
• Mortgage (P&I): −$996
• Tax from tax record: −$364 /mo · $4,365/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $223

Break-even live

Break-even rent $1,821

Max offer price $189,900

Occupancy floor 84%

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5348 Benbrook St Abilene, TX	3.0	2.0	1164	$2,100	$1.80	44d	1	0.86mi
234 Clyde St Abilene, TX	3.0	1.0	998	$1,995	$2.00	13d	1	1.01mi
5441 N 10th St Abilene, TX	3.0	2.0	1270	$2,500	$1.97	13d	1	1.22mi
5850 Hartford St Lot 123 Abilene, TX	3.0	2.0	1280	$1,495	$1.17	13d	1	1.26mi
2850 S 5th St Abilene, TX	4.0	2.0	1175	$1,995	$1.70	13d	1	1.50mi

Listing history 4 events

1. 2026-06-19
   status $189,900 Pending 2 DOM
2. 2026-06-18
   days on market $189,900 Active 2 DOM
3. 2026-06-17
   remarks 242-char remark
4. 2026-06-17
   listed $189,900 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: $4,365 · $364/mo
• Projected year-2 tax: $4,365 · $364/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,243
• − Mortgage interest: −$10,637
• − Property taxes: −$4,365
• − Insurance: −$950
• − Repairs & maintenance: −$2,019
• − Management: −$2,019
• − Depreciation: −$5,524
• Taxable loss: −$272
• Est. tax savings @ 24.0%: +$65
• After-tax cash flow: $2,743/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: Abilene ISD
• NCES district ID: 4807440
• Math proficiency: 32% ▼ -11.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $39,782
• Composite: 27.71/100
• National rank: #6909
• State rank: #575 of 826 in TX

Livability — Abilene

• Score: 75/100
• State rank: #142
• US rank: #4037

Category grades

Amenities B- Commute F Cost of living A+ Crime D Employment C+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Abilene, TX
• County: Taylor County · 136,672 people
• City population: 136,672
• Metro: Abilene, TX
• Population (ZIP): 28,467
• Household income: $62,929
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1096.0

Population outlook (Taylor County) Hauer SSP2

• Today (2025): 145,270 people
• By 2030: 150,050 · +3.3%
• By 2040: 159,417 · +9.7%
• By 2050: 168,883 · +16.3%
• By 2075: 194,436 · +33.8%
• By 2100: 203,163 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 22% Two or more races 12% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 6% · Canada
• Languages at home: 84% English-only · Spanish 14% German/W. Germanic 1% Other Asian/Pacific 0%

Political lean MEDSL · Taylor

• 2024 margin: Solid R (+49.8) · D 24.6% · R 74.4% · Other 1.0%
• 2008→2024 swing: -4.2pp toward R · 2008: -45.6pp · 2024: -49.8pp
• All cycles: 2024: R+49.8 2020: R+45.3 2016: R+51.1 2012: R+53.6 2008: R+45.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.75%
• Current HPI: 201.2341
• Rent YoY: ▲ 32.08%
• Metro: Abilene, 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

+29.6% since first listed

9 events — show timeline

• 2026-06-16 Price Changed $189,900 NTREIS
• 2026-06-16 Listed $179,900 NTREIS
• 2020-06-03 Sold (Public Records) — Public Records
• 2020-06-01 Sold (MLS) — NTREIS
• 2020-05-22 Price Changed $144,000 NTREIS
• 2020-05-05 Contingent — NTREIS
• 2020-04-21 Listed $146,500 NTREIS
• 2019-11-25 Sold (Public Records) — Public Records
• 1990-08-17 Sold (Public Records) — Public Records

Property tax history

+13.1%/yr

Latest (2025): $4,365 · +0.8% YoY. Source: county tax records.