7636 Lake Ridge Pkwy · Abilene, TX 79602

$329,900

4 bd · 2.0 ba · 1,726 sqft · SingleFamily · 1 Days on market

Built 2026 Good condition 7,187 sqft lot Est $345k · at est. $21/mo HOA · 1% of rent

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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 +16.9/30.0
• ARV discount +9.5/15.0
• Schools +5.6/10.0
• DSCR +5.3/10.0
• Rent growth +5.0/5.0
• 1% rule +4.7/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Agent related to owner. New Lantrip's Custom Home in Carriage Hills, close to Kirby Lake, Wylie East schools, and with easy access to Loop 322. This open concept, split bedroom home features wood look vinyl flooring, custom cabinetry, quartz countertops, and an electric fireplace. The kitchen boasts an island with sink, stainless steel appliances, and a corner pantry. The ensuite features a freestanding tub, dual sinks, a separate walk-in shower, and large closet. Entertain or enjoy quiet evenings on the covered back porch overlooking a landscaped yard enclosed by a wooden privacy fence. Builder will include a StrucSure 2-10 Warranty. Estimated completion- November or December 2026.

Key facts

• Custom cabinetry
• Quartz countertops
• Open concept

Tags

• CUSTOM HOME
• OPEN CONCEPT
• WOOD LOOK VINYL FLOORING
• CUSTOM CABINETRY
• QUARTZ COUNTERTOPS
• ELECTRIC FIREPLACE

Property features AI

Finance

• Other: Deed restrictions; Builder special listing condition; Possession at closing/funding or upon completion
• Financial info: Seller will treat loan as clear; No second mortgage noted
• HOA & community: Mandatory HOA (Carriage Hills) with annual fee; fee includes management; HOA fee charged annually

Exterior

• Parking: Attached garage, 2 garage spaces with garage door opener; 2 covered parking spaces; Driveway
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single family residence; One-story; Residential property; New construction (incomplete)
• Construction: Brick and siding exterior; Composition roof; Slab foundation; Year built 2026
• Exterior features: Covered rear porch; Wood fencing around backyard

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Microwave
• Bedrooms: 4 bedrooms; Primary bedroom on main level with ensuite bath, garden tub, separate shower, dual sinks and walk-in closet
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Open floorplan; Eat-in kitchen; Kitchen island; Decorative lighting; Cable TV available; High speed internet available
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $330k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $319k (3.3% below list).
• Recommended offer: $319k (3.3% below list) — sets the bar for 1% rule.

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.
• Wylie ISD (rural): math 63% / reading 62% proficiency, ranked #32 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Wylie East El (math 58% / reading 58%, grade C+, #480 of 4,322 statewide, top 11%, 789 students, 30% FRL); Wylie H S (math 60% / reading 76%, grade B, #150 of 1,632 statewide, top 10%, 1,467 students, 18% FRL).
• Market conditions: Rents rising fast (+33.5%/yr); 372 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 508 units permitted in Taylor County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($90k/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 $10k 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 $92k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $319,033 (3.3% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.97% ✗
• Cap rate: 7.09%
• Cash-on-cash: 2.85%
• DSCR: 1.13
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $345,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
149 Spring Park Way	0.23mi	3/2.0 (-1)	1,714 (-1%)	1mo	$289,000	$169	82
132 Lake Ridge Ct	0.14mi	3/2.0 (-1)	1,662 (-4%)	1mo	$350,000	$211	82
7633 Wildflower Way	0.31mi	4/2.0	1,764 (+2%)	1mo	$348,000	$197	81
7685 Lake Ridge Pkwy	0.16mi	3/2.0 (-1)	1,650 (-4%)	0mo	$325,000	$197	80
7689 Lake Ridge Pkwy	0.17mi	3/2.0 (-1)	1,650 (-4%)	1mo	$325,000	$197	79
7693 Lake Ridge Pkwy	0.18mi	3/2.0 (-1)	1,650 (-4%)	1mo	$325,000	$197	79
7654 Hudson Way	0.18mi	4/2.0	1,577 (-9%)	1mo	$335,000	$212	77
7321 Wildflower Way	0.63mi	4/2.0	1,737 (+1%)	1mo	$335,000	$193	69
7580 Wildflower	0.29mi	3/2.0 (-1)	1,522 (-12%)	0mo	$304,900	$200	62
7584 Wildflower	0.29mi	3/2.0 (-1)	1,522 (-12%)	0mo	$304,900	$200	62
331 Sophia Ln	0.57mi	3/2.0 (-1)	1,632 (-5%)	0mo	$329,000	$202	59
168 Carriage Hills Pkwy	0.39mi	3/2.0 (-1)	1,520 (-12%)	0mo	$304,000	$200	57

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: -6.3%
• Equity multiple: 0.76×
• Total profit: $-22,557
• Equity at exit: $49,189

10-year hold

• IRR: 8.7%
• Equity multiple: 1.82×
• Total profit: $75,345
• Equity at exit: $28,524

Cash invested: $92,372 (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 79602

• Home prices YoY: -19.6%
• Rents YoY: 33.5%
• Active inventory: 372
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,190 high
• Mortgage (P&I): −$1,730
• Tax est. 1.5%: −$412 /mo · $4,948/yr
• Insurance: −$137
• HOA: −$21
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $219

Break-even live

Break-even rent $2,912

Max offer price $329,900

Occupancy floor 88%

Sensitivity live

Price	-10% $447	-5% $333	+0% $219	+5% $106	+10% $-8
Rent	-10% $-33	-5% $93	+0% $219	+5% $346	+10% $472
Rate	-1.0pp $386	-0.5pp $303	base $219	+0.5pp $134	+1.0pp $47

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7646 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	22d	1	0.16mi
7650 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	14d	1	0.17mi
7627 Hudson Way Abilene, TX	4.0	2.0	1598	$8,900	$5.57	14d	1	0.18mi
7717 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,375	$2.25	13d	1	0.23mi
7709 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,200	$2.13	45d	1	0.24mi
7625 Wildflower Way Abilene, TX	4.0	3.0	1800	$3,300	$1.83	5d	1	0.24mi
405 Kristie Path Abilene, TX	3.0	2.0	1439	$2,895	$2.01	8d	1	0.27mi
409 Kristie Path Abilene, TX	3.0	2.0	1409	$2,895	$2.05	6d	1	0.27mi
385 Kristie Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	4d	1	0.28mi
7949 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	45d	1	0.30mi
8001 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	45d	1	0.32mi
8009 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	45d	1	0.33mi
385 Kristi Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	4d	1	0.36mi
273 Martis Way Abilene, TX	4.0	2.0	1660	$3,200	$1.93	14d	1	0.51mi
7328 Mountain View Rd Abilene, TX	3.0	2.0	1481	$2,995	$2.02	13d	1	0.56mi
7326 Mountain View Rd Unit 7328 Abilene, TX	3.0	2.0	1481	$2,995	$2.02	13d	1	0.57mi
331 Sophia Ln Abilene, TX	3.0	2.0	1632	$3,195	$1.96	5d	1	0.58mi
7319 Mountain View Rd Abilene, TX	3.0	2.0	1502	$4,000	$2.66	45d	1	0.59mi
7309 Wildflower Way Abilene, TX	3.0	2.0	1578	$3,195	$2.02	25d	1	0.67mi
250 Southlake Dr Abilene, TX	4.0	2.0	2006	$3,400	$1.69	4d	1	0.84mi
349 Whiterock Dr Abilene, TX	4.0	2.0	1809	$5,500	$3.04	0d	1	0.90mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	4d	1	1.20mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	8d	1	1.20mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: electric

Listing history 2 events

1. 2026-04-30
   status Pending
2. 2026-04-29
   listed $329,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $38,284
• − Mortgage interest: −$18,480
• − Property taxes: −$4,948
• − Insurance: −$1,650
• − Repairs & maintenance: −$3,063
• − Management: −$3,063
• − HOA: −$252
• − Depreciation: −$9,597
• Taxable loss: −$2,768
• Est. tax savings @ 24.0%: +$664
• After-tax cash flow: $3,298/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This single-family home in Abilene, TX, is in good condition with a good condition score of 75. It features a well-maintained interior, exterior, and landscaping. The home is close to schools and easy access to Loop 322, making it a good investment opportunity. The highest-ROI updates include landscaping, painting, and smart home features.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic appeal and can attract more buyers or renters.
• Both Painting interior and exterior — Fresh paint can improve the home's appearance and make it more appealing to potential buyers or renters.
• Resale Upgrading kitchen appliances — Modernizing the kitchen with new appliances can increase the home's resale value.
• Resale Upgrading bathroom fixtures — Updating the bathroom fixtures can enhance the home's appeal and increase its resale value.
• Rental Landscaping and adding outdoor lighting — Improving the outdoor space and adding lighting can make the home more attractive to renters and increase its rental value.
• Both Adding smart home features — Smart home features can increase the home's appeal and value to both buyers and renters, making it more marketable and convenient to live in.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic appeal and can attract more buyers or renters. ↑
• Both Painting interior and exterior — Fresh paint can improve the home's appearance and make it more appealing to potential buyers or renters. ↑
• Resale Upgrading kitchen appliances — Modernizing the kitchen with new appliances can increase the home's resale value. ↑
• Resale Upgrading bathroom fixtures — Updating the bathroom fixtures can enhance the home's appeal and increase its resale value. ↑
• Rental Landscaping and adding outdoor lighting — Improving the outdoor space and adding lighting can make the home more attractive to renters and increase its rental value. ↑
• Both Adding smart home features — Smart home features can increase the home's appeal and value to both buyers and renters, making it more marketable and convenient to live in. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wylie ISD
• NCES district ID: 4846500
• Math proficiency: 63% ▼ -12.00%
• Reading proficiency: 62% ▼ -4.00%
• Median HH income: $78,248
• Composite: 55.86/100
• National rank: #1206
• State rank: #32 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): 27,425
• Household income: $89,551
• Rent vs Own: 24.3% rent · 75.7% own
• Severe rent burden: 338.0

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 (64%)
• Race & ethnicity: White 64% Hispanic / Latino 22% Two or more races 12% Black 10% Asian 2%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Romanian 2% Italian 2% Portuguese 2%
• Foreign-born: 6% · Canada, Vietnam, Jamaica
• Languages at home: 87% English-only · Spanish 9% Other Asian/Pacific 1% French/Haitian/Cajun 1%

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: ▼ -46.04%
• Current HPI: 189.3098
• Rent YoY: ▲ 33.46%
• 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

2 events — show timeline

• 2026-04-30 Pending — NTREIS
• 2026-04-29 Listed $329,900 NTREIS