3349 S 3rd St · Abilene, TX 79605

$170,500

2 bd · 2.0 ba · 1,136 sqft · SingleFamily public records · 5 Days on market

Built 1928 9,757 sqft lot Est $166k · at est.

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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 +21.7/30.0
• DSCR +6.9/10.0
• ARV discount +6.2/15.0
• 1% rule +6.0/10.0
• 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

NOT in flood zone!!! This 3 bed, 2 bath charmer is sure to please & has been meticulously maintained! Recently remodeled with new flooring, updated bathrooms, fresh interior paint, newer roof, updated plumbing & much more! Lots of curb appeal with a ton of parking space that's ideal for multiple vehicles, RV or boat parking. Situated on a large lot in a great neighborhood with additional room to construct. Covered parking with detached garage in back of property & carport next to it. Workshop in back. Large covered front porch & large open patio in back. Flexible floorplan where 3rd bedroom in back could be used as a bonus room or office. Appraisal & home inspection in hand! Make an offer today!

Key facts

• Attached workshop
• Water well
• Not in flood zone

Tags

• NOT IN FLOOD ZONE
• DETACHED GARAGE
• ATTACHED WORKSHOP
• STORAGE SHED
• WATER WELL
• FULLY FENCED BACKYARD

Property features AI

Finance

• Financial info: Listing accepts Cash, Conventional, FHA, and VA financing
• HOA & community: No association

Exterior

• Parking: Detached carport; Carport with 2 covered spaces; Covered parking (3 spaces); Detached garage (1 garage space); Driveway parking; Oversized parking; Paved parking; RV access/parking; Workshop in garage
• Utilities: City water; City sewer; Individual gas meter
• Home design: Single-family residence; One story; Residential property
• Construction: Built in 1928; Composition roof; Pillar/post/pier foundation
• Exterior features: Covered porches (front, rear, side); Covered patio; RV/boat parking; Chain link fencing with gate; Outbuildings, shed(s), storage, and workshop with electric

Interior

• Kitchen: Electric range; Refrigerator; Pantry
• Bedrooms: Primary bedroom (level 1); Second bedroom (level 1)
• Flooring: Carpet; Ceramic tile; Luxury vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric and natural gas); Central air (electric)
• Interior features: Open floorplan; Pantry; High-speed internet available; One living area; One dining area; Room count: 4; Fireplace with blower fan (brick, wood-burning)
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).

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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 508 units permitted in Taylor County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% 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 $5k 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 $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 13y ago; this cycle's ask is 3% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• 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 $170,500

Questions for the listing agent

1. Built in 1928 — 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: 1.10% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $165,856
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3349 S 3rd St	0.00mi	2/2.0	1,136 (0%)	1mo	$170,500	$150	99
3350 S 4th St	0.03mi	3/1.0 (+1)	1,164 (+2%)	1mo	$80,000	$69	84
3325 Russell Ave	0.09mi	3/1.0 (+1)	1,176 (+4%)	4mo	$55,000	$47	77
3109 S 5th St	0.23mi	3/2.0 (+1)	1,072 (-6%)	1mo	$165,000	$154	74
650 N Willis St	0.64mi	2/1.0	1,157 (+2%)	3mo	$169,500	$146	61
709 Hawthorne St	0.64mi	2/1.0	1,154 (+2%)	3mo	$199,900	$173	61
310 S Mockingbird Ln	0.40mi	2/1.0	1,020 (-10%)	1mo	$115,000	$113	60
441 Sunset Dr	0.25mi	3/2.0 (+1)	1,280 (+13%)	4mo	$159,000	$124	59
773 S Willis St	0.36mi	3/1.0 (+1)	1,008 (-11%)	1mo	$150,000	$149	54
725 Glenhaven Dr	0.71mi	3/1.5 (+1)	1,093 (-4%)	4mo	$145,000	$133	50
617 Briarwood St	0.65mi	3/1.5 (+1)	1,246 (+10%)	0mo	$170,000	$136	46
1010 Albany	0.63mi	2/1.0	1,267 (+12%)	2mo	$215,000	$170	45

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-921
• Equity at exit: $25,422

10-year hold

• IRR: 13.9%
• Equity multiple: 2.38×
• Total profit: $66,094
• Equity at exit: $14,742

Cash invested: $47,740 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,876 high
• Mortgage (P&I): −$894
• Tax from tax record: −$254 /mo · $3,049/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $263

Break-even live

Break-even rent $1,543

Max offer price $170,500

Occupancy floor 81%

Sensitivity live

Price	-10% $359	-5% $311	+0% $263	+5% $215	+10% $166
Rent	-10% $115	-5% $189	+0% $263	+5% $337	+10% $411
Rate	-1.0pp $349	-0.5pp $306	base $263	+0.5pp $219	+1.0pp $174

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: $42,625
• Closing costs: $5,115
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
234 Clyde St Abilene, TX	3.0	1.0	998	$1,995	$2.00	14d	1	0.14mi
889 Ross Ave Abilene, TX	2.0	1.0	1223	$1,700	$1.39	22d	1	0.91mi
3250 College St Abilene, TX	2.0	1.0	1148	$1,595	$1.39	22d	1	0.95mi
841 S San Jose Dr Abilene, TX	2.0	1.0	1122	$3,000	$2.67	22d	1	1.13mi
417 Meander St Abilene, TX	3.0	2.0	872	$1,814	$2.08	14d	1	1.22mi
3173 Hunt St Abilene, TX	3.0	1.5	1300	$2,250	$1.73	45d	1	1.28mi
735 Victoria St Abilene, TX	1.0	1.0	1368	$1,000	$0.73	14d	1	1.34mi
1481 Burger St Abilene, TX	3.0	2.0	1330	$2,400	$1.80	22d	1	1.49mi

Listing history 12 events

1. 2026-04-16
   status Pending
2. 2026-04-15
   price $170,500
3. 2026-04-10
   listed $165,000 Active
4. 2024-04-02
   historical $1,195
5. 2024-03-28
   listed $1,195
6. 2022-01-28
   soldstatus
7. 2022-01-27
   soldstatus Sold 736-char remark

   Show marketing remark (736 chars)

   NOT in flood zone!!! This 3 bed, 2 bath charmer is sure to please & has been meticulously maintained! Recently remodeled with new flooring, updated bathrooms, fresh interior paint, newer roof, updated plumbing & much more! Lots of curb appeal with a ton of parking space that's ideal for multiple vehicles, RV or boat parking. Situated on a large lot in a great neighborhood with additional room to construct. Covered parking with detached garage in back of property & carport next to it. Workshop in back. Large covered front porch & large open patio in back. Flexible floorplan where 3rd bedroom in back could be used as a bonus room or office. Appraisal & home inspection in hand! Make an offer today!

8. 2021-12-31
   status Pending 736-char remark

   Show marketing remark (736 chars)

   NOT in flood zone!!! This 3 bed, 2 bath charmer is sure to please & has been meticulously maintained! Recently remodeled with new flooring, updated bathrooms, fresh interior paint, newer roof, updated plumbing & much more! Lots of curb appeal with a ton of parking space that's ideal for multiple vehicles, RV or boat parking. Situated on a large lot in a great neighborhood with additional room to construct. Covered parking with detached garage in back of property & carport next to it. Workshop in back. Large covered front porch & large open patio in back. Flexible floorplan where 3rd bedroom in back could be used as a bonus room or office. Appraisal & home inspection in hand! Make an offer today!

9. 2021-12-28
   listed $120,000 Active 736-char remark

   Show marketing remark (736 chars)

   NOT in flood zone!!! This 3 bed, 2 bath charmer is sure to please & has been meticulously maintained! Recently remodeled with new flooring, updated bathrooms, fresh interior paint, newer roof, updated plumbing & much more! Lots of curb appeal with a ton of parking space that's ideal for multiple vehicles, RV or boat parking. Situated on a large lot in a great neighborhood with additional room to construct. Covered parking with detached garage in back of property & carport next to it. Workshop in back. Large covered front porch & large open patio in back. Flexible floorplan where 3rd bedroom in back could be used as a bonus room or office. Appraisal & home inspection in hand! Make an offer today!

10. 2013-12-13
    historical
11. 2013-10-04
    listed $79,900
12. 2003-07-10
    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: $3,049 · $254/mo
• Projected year-2 tax: $3,120 · $260/mo
• Expected delta: +$71/yr (+$6/mo · 2.3%)

ⓘ 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 2/10 Low
• 🌡 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: $22,513
• − Mortgage interest: −$9,551
• − Property taxes: −$3,049
• − Insurance: −$852
• − Repairs & maintenance: −$1,801
• − Management: −$1,801
• − Depreciation: −$4,960
• Taxable income: $498
• Est. tax owed @ 24.0%: −$120
• After-tax cash flow: $3,034/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

+113.4% since first listed

12 events — show timeline

• 2026-04-16 Pending — NTREIS
• 2026-04-15 Price Changed $170,500 NTREIS
• 2026-04-10 Listed $165,000 NTREIS
• 2024-04-02 Rental Removed $1,195 NTREIS
• 2024-03-28 Listed for Rent $1,195 NTREIS
• 2022-01-28 Sold (Public Records) — Public Records
• 2022-01-27 Sold (MLS) — NTREIS
• 2021-12-31 Pending — NTREIS
• 2021-12-28 Listed $120,000 NTREIS
• 2013-12-13 Listing Removed — NTREIS
• 2013-10-04 Listed $79,900 NTREIS
• 2003-07-10 Sold (Public Records) — Public Records

Property tax history

+7.5%/yr

Latest (2025): $3,049 · +7.8% YoY. Source: county tax records.