302 Whiterock Dr · Abilene, TX 79602

$379,000

4 bd · 2.0 ba · 1,852 sqft · SingleFamily public records · 7 Days on market

Built 2014 9,583 sqft lot Est $359k · 5% over $13/mo HOA

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Why this score? — see what drove the D 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 +13.6/30.0
• Schools +5.6/10.0
• ARV discount +5.0/15.0
• Rent growth +5.0/5.0
• 1% rule +4.5/10.0
• DSCR +4.1/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully maintained home on a spacious corner lot in the desirable Southlake neighborhood. This 4-bedroom, 2-bath home offers over 1,800 square feet with an open layout that’s perfect for everyday living and entertaining. The split-bedroom design provides privacy for the primary suite, while the secondary bedrooms are generously sized. Enjoy the large backyard with a covered patio—perfect for relaxing or hosting guests. With custom wood shutters and builder upgrades throughout, this former model home has so much to offer. Schedule your private showing today!

Key facts

• Large backyard
• Spacious corner lot
• Open layout

Tags

• SPACIOUS CORNER LOT
• OPEN LAYOUT
• SPLIT-BEDROOM DESIGN
• LARGE BACKYARD
• COVERED PATIO
• CUSTOM WOOD SHUTTERS

Property features AI

Finance

• Financial info: Accepts Cash, Conventional, FHA, and VA financing
• HOA & community: Mandatory association; Annual association fee of $150 (includes management fees); HOA managed by Southlake Estates

Exterior

• Parking: Attached 2-car garage; 2 covered parking spaces
• Utilities: City water; City sewer; Asphalt streets; Curbs
• Home design: Single family residence; Residential property; One story; Built in 2014; Not attached to another unit
• Construction: Brick construction; Composition roof; Slab foundation
• Exterior features: Covered porch(es); Gutters; Exterior storage; Wood fencing; Corner lot; Large backyard with grass

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Kitchen island; Pantry; Granite counters
• Bedrooms: 4 bedrooms; Primary bedroom on main level with dual sinks, jetted tub, and walk-in closet
• Flooring: Ceramic tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric); Ceiling fan(s)
• Interior features: Granite counters; Kitchen island; Open floor plan; Pantry; Walk-in closet(s); Fireplace (brick, wood burning); One living area; One dining area; Two total rooms (additional to bedrooms/bathrooms)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $379k.

Deal economics

• At list price, monthly cash flow is $23 ($273/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 $359k (5.3% below list).
• Recommended offer: $359k (5.3% 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).
• Market conditions: Rents rising fast (+33.5%/yr); 370 active listings in the ZIP; 26 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).
• At $3,588/mo this rent would consume 48% of the median local household income ($90k/yr) (locally 338% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 12y 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: extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $358,819 (5.3% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.26%
• DSCR: 1.01
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $359,288
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
317 Whiterock Dr	0.04mi	4/2.0	1,987 (+7%)	1mo	$384,900	$194	85
365 Eagle Mountain Dr	0.11mi	4/2.0	1,970 (+6%)	0mo	$365,000	$185	84
318 Mill Creek Dr	0.12mi	4/2.0	1,976 (+7%)	0mo	$384,999	$195	83
250 Southlake Dr	0.11mi	4/2.0	2,006 (+8%)	1mo	$380,000	$189	81
7201 Raven Ct	0.20mi	4/2.0	2,034 (+10%)	1mo	$425,000	$209	73
301 Blue Lake Dr	0.14mi	4/2.0	2,076 (+12%)	1mo	$390,000	$188	72
7321 Wildflower Way	0.37mi	4/2.0	1,737 (-6%)	1mo	$335,000	$193	72
334 Mill Creek Dr	0.13mi	4/2.0	2,095 (+13%)	2mo	$384,900	$184	71
250 Martis Way	0.39mi	4/2.0	1,650 (-11%)	1mo	$325,000	$197	63
273 Marti's Way	0.41mi	4/2.0	1,660 (-10%)	1mo	$335,000	$202	62
331 Sophia Ln	0.37mi	3/2.0 (-1)	1,632 (-12%)	0mo	$329,000	$202	57
149 Spring Park Way	0.67mi	3/2.0 (-1)	1,714 (-8%)	1mo	$289,000	$169	51

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: -10.0%
• Equity multiple: 0.62×
• Total profit: $-40,831
• Equity at exit: $56,510

10-year hold

• IRR: 5.5%
• Equity multiple: 1.50×
• Total profit: $53,317
• Equity at exit: $32,769

Cash invested: $106,120 (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: 8.8×

Monthly cashflow live

• Estimated rent: $3,588 high
• Mortgage (P&I): −$1,988
• Tax from tax record: −$654 /mo · $7,842/yr
• Insurance: −$158
• HOA: −$13
• Vacancy / Maint / Mgmt: −$754
• Net cashflow: $23

Break-even live

Break-even rent $3,559

Max offer price $379,000

Occupancy floor 94%

Sensitivity live

Price	-10% $237	-5% $130	+0% $23	+5% $-85	+10% $-192
Rent	-10% $-261	-5% $-119	+0% $23	+5% $164	+10% $306
Rate	-1.0pp $214	-0.5pp $119	base $23	+0.5pp $-75	+1.0pp $-175

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: $94,750
• Closing costs: $11,370
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Southlake Dr Abilene, TX	4.0	2.0	2006	$3,400	$1.69	3d	1	0.08mi
349 Whiterock Dr Abilene, TX	4.0	2.0	1809	$6,000	$3.32	18d	1	0.11mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	3d	1	0.30mi
350 Miss Ellie Ln Abilene, TX	3.0	2.0	1414	$2,600	$1.84	8d	1	0.30mi
7319 Mountain View Rd Abilene, TX	3.0	2.0	1502	$4,000	$2.66	44d	1	0.33mi
7309 Wildflower Way Abilene, TX	3.0	2.0	1578	$3,195	$2.02	25d	1	0.35mi
7326 Mountain View Rd Unit 7328 Abilene, TX	3.0	2.0	1481	$2,995	$2.02	12d	1	0.36mi
7328 Mountain View Rd Abilene, TX	3.0	2.0	1481	$2,995	$2.02	12d	1	0.36mi
331 Sophia Ln Abilene, TX	3.0	2.0	1632	$3,195	$1.96	4d	1	0.38mi
273 Martis Way Abilene, TX	4.0	2.0	1660	$3,200	$1.93	14d	1	0.41mi
7709 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,200	$2.13	44d	1	0.89mi
7717 Sawdust Trl Abilene, TX	3.0	2.0	1502	$3,375	$2.25	12d	1	0.89mi
342 Pilgrim Rd Abilene, TX	4.0	3.0	2613	$3,500	$1.34	4d	1	0.91mi
7627 Hudson Way Abilene, TX	4.0	2.0	1598	$8,900	$5.57	14d	1	0.92mi
7646 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	21d	1	0.95mi
7625 Wildflower Way Abilene, TX	4.0	3.0	1800	$3,300	$1.83	4d	1	0.95mi
7650 Hudson Way Abilene, TX	4.0	2.0	1577	$3,295	$2.09	14d	1	0.96mi
7949 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	0.99mi
801 Big Water Trl Abilene, TX	3.0	2.0	1537	$2,800	$1.82	14d	1	1.06mi
385 Kristi Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	1.06mi
385 Kristie Path Abilene, TX	3.0	2.0	1449	$2,700	$1.86	3d	1	1.08mi
8001 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	1.10mi
8009 Sawdust Trl Abilene, TX	3.0	2.0	1508	$2,995	$1.99	44d	1	1.11mi
405 Kristie Path Abilene, TX	3.0	2.0	1439	$2,895	$2.01	8d	1	1.14mi
409 Kristie Path Abilene, TX	3.0	2.0	1409	$2,895	$2.05	6d	1	1.14mi
609 Marlin Dr Abilene, TX	3.0	2.0	1925	$3,250	$1.69	19d	1	1.27mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 7 events

1. 2026-06-14
   days on market $379,000 Active 7 DOM
2. 2026-06-13
   days on market $379,000 Active 6 DOM
3. 2026-06-10
   days on market $379,000 Active 4 DOM
4. 2026-06-09
   days on market $379,000 Active 3 DOM
5. 2026-06-08
   days on market $379,000 Active 2 DOM
6. 2026-06-07
   remarks 567-char remark
7. 2026-06-07
   listed $379,000 Active 1 DOM

ⓘ 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: $7,842 · $654/mo
• Projected year-2 tax: $7,842 · $654/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 4/10 Moderate
• 🌡 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: $43,058
• − Mortgage interest: −$21,230
• − Property taxes: −$7,842
• − Insurance: −$1,895
• − Repairs & maintenance: −$3,445
• − Management: −$3,445
• − HOA: −$156
• − Depreciation: −$11,025
• Taxable loss: −$5,979
• Est. tax savings @ 24.0%: +$1,435
• After-tax cash flow: $1,708/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

+80.6% since first listed

21 events — show timeline

• 2026-06-06 Listed $379,000 NTREIS
• 2025-12-23 Listed $360,000 NTREIS
• 2025-02-25 Listed $365,000 NTREIS
• 2024-05-03 Sold (Public Records) — Public Records
• 2024-05-02 Sold (MLS) — NTREIS
• 2024-04-23 Pending — NTREIS
• 2024-04-22 Sold (MLS) — NTREIS
• 2024-04-22 Pending — NTREIS
• 2024-04-11 Contingent — NTREIS
• 2024-04-01 Listed $338,000 NTREIS
• 2022-05-17 Sold (Public Records) — Public Records
• 2022-04-10 Listed — NTREIS
• 2022-04-10 Listed $340,000 NTREIS
• 2018-06-29 Sold (Public Records) — Public Records
• 2018-06-29 Sold (MLS) — NTREIS
• 2018-06-06 Pending — NTREIS
• 2018-05-31 Contingent — NTREIS
• 2018-05-29 Listed $235,000 NTREIS
• 2014-11-18 Sold (MLS) — NTREIS
• 2014-09-03 Pending — NTREIS
• 2014-08-26 Listed $209,900 NTREIS

Property tax history

+80.3%/yr

Latest (2025): $7,842 · +0.7% YoY. Source: county tax records.