263 Wits · Abilene, TX 79601

$89,990

2 bd · 1.0 ba · 1,076 sqft · SingleFamily public records · 90 Days on market

Built 1958 0.72 ac lot $84/sqft · 45% below area Est $164k · 45% under ↓ 22% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Investor Special with Incredible Potential! Opportunity awaits with this fully gutted home sitting on nearly an acre of land. The heavy demo work has already been completed, new roof, HVAC cleaned and new ductwork installed in 2023, floor leveled, making it ready for an investor or contractor to step in and bring it back to life. With a blank slate interior, you have the freedom to design and finish to your vision. The spacious lot offers endless possibilities and backs up to a body of water, allowing you to fish right from your backyard. Enjoy the peaceful setting while still having room to expand, add outdoor living space, or enhance the property’s value. Property is being sold as-is. Bring your ideas and turn this property into something special!

Key facts

• New ductwork
• Spacious lot
• Hvac cleaned

Tags

• NEW ROOF
• HVAC CLEANED
• NEW DUCTWORK
• SPACIOUS LOT
• BACKS UP TO A BODY OF WATER
• PEACEFUL SETTING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 6.7% in Abilene — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: schools D+, 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.
• Market conditions: Rents rising fast (+43.4%/yr); 195 active listings in the ZIP; 1 units permitted in Jones County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% of the median local income ($54k/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 $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jones County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price; flood insurance adds $427/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wildfire risk; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $84,590 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 2.17% ✓
• Cap rate: 15.96%
• Cash-on-cash: 34.52%
• DSCR: 2.54
• GRM: 3.8

CMA / ARV

• ARV (median comp): $163,863
• List price: $89,990
• Delta: -45.08%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
242 Cove Rd	0.25mi	2/1.0	1,156 (+7%)	22mo	$169,900	$147	57
314 Yaw Rd	0.46mi	2/1.5	928 (-14%)	10mo	$88,000	$95	46

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: 13.7%
• Equity multiple: 1.60×
• Total profit: $15,173
• Equity at exit: $13,418

10-year hold

• IRR: 27.9%
• Equity multiple: 4.43×
• Total profit: $86,435
• Equity at exit: $7,781

Cash invested: $25,197 (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 79601

• Home prices YoY: -22.8%
• Rents YoY: 43.4%
• Active inventory: 195
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,957 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$312 /mo · $3,743/yr
• Insurance: −$37
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $298

Break-even live

Break-even rent $1,580

Max offer price $89,990

Occupancy floor 80%

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: $22,498
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-17
   historical Active Option Contract 774-char remark

   Show marketing remark (774 chars)

   Investor Special with Incredible Potential! Opportunity awaits with this fully gutted home sitting on nearly an acre of land. The heavy demo work has already been completed, new roof, HVAC cleaned and new ductwork installed in 2023, floor leveled, making it ready for an investor or contractor to step in and bring it back to life. With a blank slate interior, you have the freedom to design and finish to your vision. The spacious lot offers endless possibilities and backs up to a body of water, allowing you to fish right from your backyard. Enjoy the peaceful setting while still having room to expand, add outdoor living space, or enhance the property’s value. Property is being sold as-is. Bring your ideas and turn this property into something special!

2. 2026-04-24
   price $89,990 774-char remark

   Show marketing remark (774 chars)

   Investor Special with Incredible Potential! Opportunity awaits with this fully gutted home sitting on nearly an acre of land. The heavy demo work has already been completed, new roof, HVAC cleaned and new ductwork installed in 2023, floor leveled, making it ready for an investor or contractor to step in and bring it back to life. With a blank slate interior, you have the freedom to design and finish to your vision. The spacious lot offers endless possibilities and backs up to a body of water, allowing you to fish right from your backyard. Enjoy the peaceful setting while still having room to expand, add outdoor living space, or enhance the property’s value. Property is being sold as-is. Bring your ideas and turn this property into something special!

3. 2026-02-25
   listed $115,000 Active 774-char remark

   Show marketing remark (774 chars)

   Investor Special with Incredible Potential! Opportunity awaits with this fully gutted home sitting on nearly an acre of land. The heavy demo work has already been completed, new roof, HVAC cleaned and new ductwork installed in 2023, floor leveled, making it ready for an investor or contractor to step in and bring it back to life. With a blank slate interior, you have the freedom to design and finish to your vision. The spacious lot offers endless possibilities and backs up to a body of water, allowing you to fish right from your backyard. Enjoy the peaceful setting while still having room to expand, add outdoor living space, or enhance the property’s value. Property is being sold as-is. Bring your ideas and turn this property into something special!

4. 2023-01-09
   soldstatus
5. 2002-05-30
   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: $3,743 · $312/mo
• Projected year-2 tax: $3,743 · $312/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 6/10 Major 6 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% 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: $23,486
• − Mortgage interest: −$5,041
• − Property taxes: −$3,743
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,879
• − Management: −$1,879
• − Depreciation: −$2,618
• Taxable income: $2,758
• Est. tax owed @ 24.0%: −$662
• After-tax cash flow: $2,917/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): 28,050
• Household income: $53,631
• Rent vs Own: 50.8% rent · 49.2% own
• Severe rent burden: 1240.0

Population outlook (Jones County) Hauer SSP2

• Today (2025): 19,845 people
• By 2030: 20,213 · +1.9%
• By 2040: 21,446 · +8.1%
• By 2050: 22,499 · +13.4%
• By 2075: 23,272 · +17.3%
• By 2100: 20,420 · +2.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Hispanic / Latino 25% Black 13% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Italian 2% Lithuanian 2% Serbian 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 81% English-only · Spanish 15% French/Haitian/Cajun 1% Vietnamese 1%

Political lean MEDSL · Jones

• 2024 margin: Solid R (+73.2) · D 13.1% · R 86.2%
• 2008→2024 swing: -27.1pp toward R · 2008: -46.1pp · 2024: -73.2pp
• All cycles: 2024: R+73.2 2020: R+69.1 2016: R+65.4 2012: R+54.5 2008: R+46.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -63.17%
• Current HPI: 214.4372
• Rent YoY: ▲ 43.38%
• 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

-21.7% since first listed

5 events — show timeline

• 2026-05-17 Contingent — NTREIS
• 2026-04-24 Price Changed $89,990 NTREIS
• 2026-02-25 Listed $115,000 NTREIS
• 2023-01-09 Sold (Public Records) — Public Records
• 2002-05-30 Sold (Public Records) — Public Records

Property tax history

+9.0%/yr

Latest (2025): $3,743 · +18.5% YoY. Source: county tax records.