250 Martis Way · Abilene, TX 79602

$325,000

4 bd · 2.0 ba · 1,650 sqft · SingleFamily public records · 13 Days on market

Built 2019 6,926 sqft lot Est $330k · 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 +15.9/30.0
• ARV discount +8.2/15.0
• Schools +5.6/10.0
• 1% rule +5.1/10.0
• Rent growth +5.0/5.0
• DSCR +4.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

Key facts

• Wooden back deck
• Brickwork
• Landscaped yard

Tags

• STAINED CONCRETE FLOORING
• WOODEN BACK DECK
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LANDSCAPED YARD
• BRICKWORK

Property features AI

Finance

• Other: Survey available; Restrictions: Deed
• HOA & community: Mandatory HOA with annual fee of $250; Association covers management fees (Goodwin & Company)

Exterior

• Parking: Attached 2-car garage with garage door opener (garage faces side); 2 covered parking spaces
• Utilities: City water; City sewer; Electric service
• Home design: Single-family residence; One story; Property attached: Yes; Deed restrictions in place; Subdivision: Carriage Hills Add
• Construction: Built in 2019; Brick construction; Shingle roof; Slab foundation
• Exterior features: Wood fencing; Interior lot; Sidewalks; Curbs; Concrete drive/paths; Community mailbox

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric range; Microwave; Kitchen island; Granite counters; Pantry; Eat-in kitchen
• Bedrooms: Primary bedroom on main level with ensuite bath; Total of 4 bedrooms
• Flooring: Carpet; Concrete
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Decorative lighting; Eat-in kitchen; Granite counters; High-speed internet available; Kitchen island; Open floorplan; Pantry; Window coverings
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $325k).

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).
• Market conditions: Rents rising fast (+33.5%/yr); 370 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 508 units permitted in Taylor County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% 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 $91k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $325,000

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: 1.01% ✓
• Cap rate: 6.87%
• Cash-on-cash: 2.06%
• DSCR: 1.09
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $330,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 Sophia Ln	0.12mi	3/2.0 (-1)	1,632 (-1%)	0mo	$329,000	$202	87
7321 Wildflower Way	0.19mi	4/2.0	1,737 (+5%)	1mo	$335,000	$193	82
132 Lake Ridge Ct	0.38mi	3/2.0 (-1)	1,662 (+1%)	1mo	$350,000	$211	76
149 Spring Park Way	0.30mi	3/2.0 (-1)	1,714 (+4%)	1mo	$289,000	$169	74
168 Carriage Hills Pkwy	0.20mi	3/2.0 (-1)	1,520 (-8%)	0mo	$304,000	$200	72
7633 Wildflower Way	0.43mi	4/2.0	1,764 (+7%)	1mo	$348,000	$197	68
7654 Hudson Way	0.59mi	4/2.0	1,577 (-4%)	1mo	$335,000	$212	64
7685 Lake Ridge Pkwy	0.67mi	3/2.0 (-1)	1,650 (0%)	0mo	$325,000	$197	64
7689 Lake Ridge Pkwy	0.68mi	3/2.0 (-1)	1,650 (0%)	1mo	$325,000	$197	63
7693 Lake Ridge Pkwy	0.69mi	3/2.0 (-1)	1,650 (0%)	1mo	$325,000	$197	62
7580 Wildflower	0.48mi	3/2.0 (-1)	1,522 (-8%)	0mo	$304,900	$200	60
7584 Wildflower	0.49mi	3/2.0 (-1)	1,522 (-8%)	0mo	$304,900	$200	59

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: -7.1%
• Equity multiple: 0.72×
• Total profit: $-25,211
• Equity at exit: $48,459

10-year hold

• IRR: 8.2%
• Equity multiple: 1.77×
• Total profit: $70,465
• Equity at exit: $28,100

Cash invested: $91,000 (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 79602

• Home prices YoY: -19.6%
• Rents YoY: 33.5%
• Active inventory: 370
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $3,282 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$576 /mo · $6,909/yr
• Insurance: −$135
• HOA: −$21
• Vacancy / Maint / Mgmt: −$689
• Net cashflow: $156

Break-even live

Break-even rent $3,084

Max offer price $325,000

Occupancy floor 90%

Sensitivity live

Price	-10% $340	-5% $248	+0% $156	+5% $64	+10% $-28
Rent	-10% $-103	-5% $26	+0% $156	+5% $286	+10% $415
Rate	-1.0pp $320	-0.5pp $239	base $156	+0.5pp $72	+1.0pp $-14

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
273 Martis Way Abilene, TX	4.0	2.0	1660	$3,200	$1.93	14d	1	0.05mi
331 Sophia Ln Abilene, TX	3.0	2.0	1632	$3,195	$1.96	4d	1	0.13mi
7319 Mountain View Rd Abilene, TX	3.0	2.0	1502	$4,000	$2.66	44d	1	0.15mi
7328 Mountain View Rd Abilene, TX	3.0	2.0	1481	$2,995	$2.02	12d	1	0.15mi
7326 Mountain View Rd Unit 7328 Abilene, TX	3.0	2.0	1481	$2,995	$2.02	12d	1	0.16mi
7309 Wildflower Way Abilene, TX	3.0	2.0	1578	$3,195	$2.02	25d	1	0.22mi
250 Southlake Dr Abilene, TX	4.0	2.0	2006	$3,400	$1.69	3d	1	0.37mi
349 Whiterock Dr Abilene, TX	4.0	2.0	1809	$6,000	$3.32	18d	1	0.40mi
7717 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,375	$2.25	12d	1	0.48mi
7709 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,200	$2.13	44d	1	0.49mi
7627 Hudson Way Abilene, TX	4.0	2.0	1598	$8,900	$5.57	14d	1	0.51mi
7646 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	21d	1	0.54mi
7625 Wildflower Way Abilene, TX	4.0	3.0	1800	$3,300	$1.83	4d	1	0.55mi
7650 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	14d	1	0.55mi
7949 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.59mi
385 Kristi Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	0.66mi
385 Kristie Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	0.67mi
8001 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.69mi
8009 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.70mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	8d	1	0.71mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	3d	1	0.71mi
405 Kristie Path Abilene, TX	3.0	2.0	1439	$2,895	$2.01	8d	1	0.72mi
409 Kristie Path Abilene, TX	3.0	2.0	1409	$2,895	$2.05	6d	1	0.72mi
801 Big Water Trl Abilene, TX	3.0	2.0	1537	$2,800	$1.82	14d	1	1.44mi

HOA detail

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

Listing history 16 events

1. 2026-05-05
   status Pending
2. 2026-04-26
   historical Active Option Contract
3. 2026-04-22
   listed $325,000 Active
4. 2025-09-23
   soldstatus
5. 2025-08-08
   soldstatus Closed 455-char remark

   Show marketing remark (455 chars)

   Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

6. 2025-08-08
   soldstatus

   Show marketing remark (455 chars)

   Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

7. 2025-06-28
   status Pending 455-char remark

   Show marketing remark (455 chars)

   Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

8. 2025-06-28
   historical Active Option Contract 455-char remark

   Show marketing remark (455 chars)

   Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

9. 2025-06-12
   price $299,900 455-char remark

   Show marketing remark (455 chars)

   Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

10. 2025-05-06
    listed $314,900 Active 455-char remark

    Show marketing remark (455 chars)

    Shows like new. Beautifully maintained four bedrooms, two bathroom home with stained concrete flooring and plush carpeting throughout. Open concept with stainless appliances and granite countertops. Primary bedroom with separate garden tub and walk in shower. Beautiful landscaping including added back wooden deck. Intricate brick work. HVAC recently serviced. This home will not disappoint and is move in ready. Seller had a pre-inspection done as well.

11. 2020-02-28
    soldstatus Sold 576-char remark

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

12. 2020-02-28
    soldstatus

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

13. 2020-01-29
    status Pending 576-char remark

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

14. 2019-12-23
    price $217,500 576-char remark

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

15. 2019-10-18
    price $219,800 576-char remark

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

16. 2019-04-29
    listed $219,900 Active 576-char remark

    Show marketing remark (576 chars)

    This home includes custom brick and stone work for a maintenance free exterior. The kitchen features glass cabinet doors, an oversized island plus a Blanco granite sink. The home showcases custom designed stained and etched concrete floors, crown molding, glass and iron front door and an insulated garage door. The master includes double sinks, jetted tub, walk in shower and a large walk thru closet to the laundry room. The yard has the full landscape package and a tree. Also included is a refrigerator, blinds and builder's warranty. Optional incentive package available.

ⓘ 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: $6,909 · $576/mo
• Projected year-2 tax: $6,909 · $576/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 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 24 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: $39,382
• − Mortgage interest: −$18,205
• − Property taxes: −$6,909
• − Insurance: −$1,625
• − Repairs & maintenance: −$3,151
• − Management: −$3,151
• − HOA: −$252
• − Depreciation: −$9,455
• Taxable loss: −$3,365
• Est. tax savings @ 24.0%: +$808
• After-tax cash flow: $2,681/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: 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

+47.8% since first listed

16 events — show timeline

• 2026-05-05 Pending — NTREIS
• 2026-04-26 Contingent — NTREIS
• 2026-04-22 Listed $325,000 NTREIS
• 2025-09-23 Sold (Public Records) — Public Records
• 2025-08-08 Sold (Public Records) — Public Records
• 2025-08-08 Sold (MLS) — NTREIS
• 2025-06-28 Pending — NTREIS
• 2025-06-28 Contingent — NTREIS
• 2025-06-12 Price Changed $299,900 NTREIS
• 2025-05-06 Listed $314,900 NTREIS
• 2020-02-28 Sold (Public Records) — Public Records
• 2020-02-28 Sold (MLS) — NTREIS
• 2020-01-29 Pending — NTREIS
• 2019-12-23 Price Changed $217,500 NTREIS
• 2019-10-18 Price Changed $219,800 NTREIS
• 2019-04-29 Listed $219,900 NTREIS

Property tax history

+43.4%/yr

Latest (2025): $6,909 · +1.9% YoY. Source: county tax records.