7668 Lake Ridge Pkwy · Abilene, TX 79602

$339,900

4 bd · 2.0 ba · 1,726 sqft · SingleFamily · 11 Days on market

Built 2026 Good condition 7,405 sqft lot Est $340k · 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 +15.6/30.0
• ARV discount +7.5/15.0
• Schools +5.6/10.0
• Rent growth +5.0/5.0
• DSCR +4.8/10.0
• 1% rule +4.4/10.0
• 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 the desirable Carriage Hills subdivision, located close to Wylie East schools, Kirby Lake, and with easy access to Loop 322. This new home is an open concept, split bedroom plan with vinyl flooring throughout. The kitchen boasts custom cabinets, quartz countertops, an island with sink, and a corner pantry. The ensuite features a free-standing tub, a separate walk-in shower, dual vanities, and dual closets. Entertain on the covered back porch overlooking a landscaped yard enclosed by a wooden privacy fence, or enjoy cozy evenings inside by the electric fireplace. Builder will provide a StrucSure 2-10 Warranty. Estimated completion- Decemb

Key facts

• Quartz countertops
• Free-standing tub
• Custom cabinets

Tags

• CARRIAGE HILLS SUBDIVISION
• CUSTOM CABINETS
• QUARTZ COUNTERTOPS
• ISLAND WITH SINK
• CORNER PANTRY
• FREE-STANDING TUB

Property features AI

Finance

• Other: Possession at closing/funding or upon completion; Builder-listed property; special listing conditions: Builder
• Financial info: Accepts Cash, Conventional, FHA, and VA financing
• HOA & community: Mandatory association with annual fee ($250) — includes management fees (Goodwin and Co.)

Exterior

• Parking: Attached 2-car garage (approximately 19' x 22'); 2 covered parking spaces; Driveway and on-street parking available
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single family residence; One story; New construction (incomplete) built in 2026; Deed-restricted; Subdivision: Carriage Hills
• Construction: Brick and siding exterior; Composition roof; Slab foundation
• Exterior features: Covered front and rear porches; Covered porch(es); Wood fencing; Landscaped yard; Sprinkler system; Interior lot

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Electric range; Microwave
• Bedrooms: 4 bedrooms; Primary bedroom (16 x 13) on main level with ensuite bath, garden tub, separate shower, dual sinks, separate vanities, and walk-in closet
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Fireplace(s) heating; Central air; Ceiling fans; Electric cooling
• Interior features: Decorative lighting; Granite counters; Kitchen island; Open floorplan; Walk-in closet(s); One living area; One dining area; Living room (20 x 15)
• Laundry & utility: Full-size washer/dryer area; Washer hookup; Electric dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $340k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $144 ($2k/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 $318k (6.4% below list).
• Recommended offer: $318k (6.4% 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).
• Market conditions: Rents rising fast (+33.5%/yr); 370 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $318,242 (6.4% 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: 0.94% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.82%
• DSCR: 1.08
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $340,022
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7685 Lake Ridge Pkwy	0.06mi	3/2.0 (-1)	1,650 (-4%)	0mo	$325,000	$197	84
7689 Lake Ridge Pkwy	0.07mi	3/2.0 (-1)	1,650 (-4%)	1mo	$325,000	$197	84
7693 Lake Ridge Pkwy	0.08mi	3/2.0 (-1)	1,650 (-4%)	0mo	$325,000	$197	83
7633 Wildflower Way	0.35mi	4/2.0	1,764 (+2%)	1mo	$348,000	$197	79
149 Spring Park Way	0.33mi	3/2.0 (-1)	1,714 (-1%)	1mo	$289,000	$169	78
7654 Hudson Way	0.16mi	4/2.0	1,577 (-9%)	1mo	$335,000	$212	78
132 Lake Ridge Ct	0.24mi	3/2.0 (-1)	1,662 (-4%)	1mo	$350,000	$211	77
7321 Wildflower Way	0.72mi	4/2.0	1,737 (+1%)	1mo	$335,000	$193	65
250 Martis Way	0.61mi	4/2.0	1,650 (-4%)	1mo	$325,000	$197	64
7584 Wildflower	0.32mi	3/2.0 (-1)	1,522 (-12%)	0mo	$304,900	$200	60
7580 Wildflower	0.32mi	3/2.0 (-1)	1,522 (-12%)	0mo	$304,900	$200	60
331 Sophia Ln	0.67mi	3/2.0 (-1)	1,632 (-5%)	0mo	$329,000	$202	54

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: -7.9%
• Equity multiple: 0.70×
• Total profit: $-29,019
• Equity at exit: $50,680

10-year hold

• IRR: 7.2%
• Equity multiple: 1.67×
• Total profit: $63,347
• Equity at exit: $29,388

Cash invested: $95,172 (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 79602

• Home prices YoY: -19.6%
• Rents YoY: 33.5%
• Active inventory: 370
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,182 high
• Mortgage (P&I): −$1,782
• Tax est. 1.5%: −$425 /mo · $5,098/yr
• Insurance: −$142
• HOA: −$21
• Vacancy / Maint / Mgmt: −$668
• Net cashflow: $144

Break-even live

Break-even rent $3,000

Max offer price $339,900

Occupancy floor 90%

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: $84,975
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7650 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	13d	1	0.15mi
7646 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	21d	1	0.15mi
7627 Hudson Way Abilene, TX	4.0	2.0	1598	$8,900	$5.57	13d	1	0.18mi
405 Kristie Path Abilene, TX	3.0	2.0	1439	$2,895	$2.01	7d	1	0.22mi
409 Kristie Path Abilene, TX	3.0	2.0	1409	$2,895	$2.05	5d	1	0.22mi
385 Kristie Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	0.24mi
7625 Wildflower Way Abilene, TX	4.0	3.0	1800	$3,300	$1.83	4d	1	0.24mi
7717 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,375	$2.25	11d	1	0.24mi
7709 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,200	$2.13	44d	1	0.25mi
8001 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.28mi
7949 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.29mi
8009 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.30mi
385 Kristi Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	0.33mi
273 Martis Way Abilene, TX	4.0	2.0	1660	$3,200	$1.93	13d	1	0.58mi
7328 Mountain View Rd Abilene, TX	3.0	2.0	1481	$2,995	$2.02	11d	1	0.63mi
7326 Mountain View Rd Unit 7328 Abilene, TX	3.0	2.0	1481	$2,995	$2.02	11d	1	0.64mi
331 Sophia Ln Abilene, TX	3.0	2.0	1632	$3,195	$1.96	4d	1	0.65mi
7319 Mountain View Rd Abilene, TX	3.0	2.0	1502	$4,000	$2.66	44d	1	0.66mi
7309 Wildflower Way Abilene, TX	3.0	2.0	1578	$3,195	$2.02	24d	1	0.73mi
250 Southlake Dr Abilene, TX	4.0	2.0	2006	$3,400	$1.69	3d	1	0.91mi
349 Whiterock Dr Abilene, TX	4.0	2.0	1809	$6,000	$3.32	17d	1	0.97mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	7d	1	1.27mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	3d	1	1.27mi

HOA detail

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

Listing history 10 events

1. 2026-06-19
   days on market $339,900 Active 11 DOM
2. 2026-06-18
   days on market $339,900 Active 10 DOM
3. 2026-06-17
   days on market $339,900 Active 9 DOM
4. 2026-06-16
   days on market $339,900 Active 8 DOM
5. 2026-06-15
   days on market $339,900 Active 7 DOM
6. 2026-06-14
   days on market $339,900 Active 5 DOM
7. 2026-06-13
   days on market $339,900 Active 4 DOM
8. 2026-06-10
   days on market $339,900 Active 2 DOM
9. 2026-06-09
   remarks 699-char remark
10. 2026-06-09
    listed $339,900 Active 1 DOM

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

Taxation est. · year 1

• Rental income: $38,189
• − Mortgage interest: −$19,040
• − Property taxes: −$5,098
• − Insurance: −$1,700
• − Repairs & maintenance: −$3,055
• − Management: −$3,055
• − HOA: −$252
• − Depreciation: −$9,888
• Taxable loss: −$3,899
• Est. tax savings @ 24.0%: +$936
• After-tax cash flow: $2,665/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 Carriage Hills is in good condition with a good layout and features. It is move-in ready with potential for minor updates to enhance its curb appeal and functionality.

Value-add opportunities

• Both Paint exterior and interior — Enhances curb appeal and interior aesthetics.
• Both Replace flooring in bathrooms — Improves functionality and appearance.
• Both Install smart home features — Enhances convenience and marketability for both buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior and interior — Enhances curb appeal and interior aesthetics. ↑
• Both Replace flooring in bathrooms — Improves functionality and appearance. ↑
• Both Install smart home features — Enhances convenience and marketability for both buyers and renters. ↑

ⓘ 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

1 event — show timeline

• 2026-06-08 Listed $339,900 NTREIS