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$278,000

NAL Estimated Property Value

308 Martis Way, Abilene, TX, 79602

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,525 Sq Ft
price_per_sqft$128.2 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Concrete

Exterior

Lot Size6,926 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces2

Land Information

APN17252020600
Lot Number23
SubdivisionCarriage Hills Addn Sec 2
Land UseResidential
Legal DescriptionCARRIAGE HILLS ADDN SEC 2, BLOCK F, LOT 23, ACRES .159
Census Tract013404
Assessed Land Value$29,000
Assessed Improvement Value$240,968
Assessment Year2025

About this property

New Build in Carriage Hills by Legend Homes. This 3 bedroom 2 bath Smart Home includes video doorbell, WIFI garage opener, Smart thermostat along with a beautifully designed open floor plan. The kitchen has a large sit down island, stainless appliances, cabinets with hardware, soft close doors and drawers. While the main areas feature custom designed stained concrete floors the bedrooms offer carpet and ample closet space. The master suit has double sink vanity, an oversized walk-in tile shower, and large walk-in closet. Price includes fence, insulated garage door, and builders warranty. At this time buyer can pick out paint, lights, brick, carpet, and cabinets.

Investor Tools

Property Icon
$278,000
Estimated Property Value
$177,845Estimated Mortgage Balance
$100,155Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,668 /month
Positive
Cash Flow Estimate:
$556 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,857
$269,968
2025
$29,000
$240,968
$269,968
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,857
$269,968

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$201,000
Yes
First
Jun 23, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,845
$100,155
36%
64%
$1,206/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,456/mo
$-86/mo
5.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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