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$286,040

NAL Estimated Property Value

1007 Melrose Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,042 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.43 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Ice Maker, Refrigerator, Gas Water Heater
FlooringLaminate, Tile

Exterior

Lot Size7,501 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480327020188070
Lot Number17
SubdivisionParkdale
Land UseResidential
Legal DescriptionPARKDALE LOT 17 BLOCK 21 ACRES .1722
Census Tract002501
Assessed Land Value$18,680
Assessed Improvement Value$267,360
Assessment Year2025

About this property

This home features a large family room with stone wood burning fireplace, open floor plan leading into kitchen, dining room and a separate living area currently being used a formal dining. Kitchen has been completely updated as well as both bathrooms. Beautiful landscaping with sprinkler system keeps this yard inviting and flourishing. Freshly painted walls in the bedrooms give a new look with calming colors. Roof is 6 years old, electrical service and plumbing updated within last two years.

Investor Tools

Property Icon
$286,040
Estimated Property Value
$216,877Estimated Mortgage Balance
$69,163Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,913
$286,040
2025
$18,680
$267,360
$286,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,913
$286,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$238,400
No
First
Aug 2, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,877
$69,163
24%
76%
$1,430/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,430/mo
$-123/mo
5.5%

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: Waco

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1007 Melrose Dr | Property Details | No Agent List