865 Palm St, Abilene, TX 79602


Property Specs:
 3 BR | 1 Bath | 1,292 Sqft
Built in 1926

Asking: 85K

Repairs:  30K

  ARV:  160K - 170K

Profit: 45K to 55K


Value Add Opportunity Over 10% Cap Rate as a Rental.



Possible Investment Strategies for This Property

Investment Opportunities

  • Versatile Strategy: Perfect for BRRRR.


  • Priced Below Market: Could also be a flipped property with ARV's between 160K - 170K


  • Potential section 8 housing opportunity


865 Palm St, Abilene, TX 79602



Fix and Flip Potential

Fix and Flip Value
Purchase Price $85,000
Rehab Coast $30,000
Closing Cost 4,000
All In Cost $119,000
ARV $165,000
Cash Return $46,000
ROI% 39%

Long Term Rental Potential

Long Term Rent (1 YR) Values
$1,620 $19,440
(5%) Vacancy $977
(5%) Repair & Maintenace $977
(3%) CapEx Reserves $586
Taxes $1,549
Insurance 354
HOA $0
NOI 11,757
NOI % 10.3%

Section 8 Potential

Section 8 Rental (1 YR) Values
FMR ($1,620) $19,440
(5%) Loss to Lease LTL $977
(5%) Vacancy $977
(5%) Repairs and Maintenance $977
(3%) CapEx Reserves $586
Tax $1,549
Insurance $354
NOI $11,757
NOI % 10.3%

COMPAIRABLE PROPERTIES

These Comparable properties are within a mile of the subject property and have all been sold within the past 7 months

$172,000

1126 Peach St, Abilene, TX 79602


3 Beds   1 Bath   1,308 Sq Ft

Built In 1932

Pending Decmber 2025

Learn more

$169,000

865 Palm ST, Abilene, TX 79602


3 Beds   2 Bath   1,288 Sq Ft

Built In 1928

Sold December 2025

Learn more

160,000

741 Vine St, Abilene, TX 79602


2 Beds   1 Bath   1,204 Sq Ft

Built In 1920

Sold August 2025

Learn more

PROPERTY PHOTOS

Here are some additional photos of the property, including both exterior and interior views.

GALLERY

Interior Photos

Living Room and Kitchen area!

GALLERY

Interior Photos

Both bedrooms and Bathroom.

Watch Quick Walk-Through Video to Better Understand Property Layout

TESTIMONIALS

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