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$302,880

NAL Estimated Property Value

1024 Melrose Dr, Waco, TX, 76710

$321,902 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,185 Sq Ft
price_per_sqft$100.69 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Microwave, Refrigerator
FlooringCarpet, Concrete, Tile

Exterior

Lot Size9,627 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480327020188119
Lot Number1
SubdivisionParkdale
Land UseResidential
Legal DescriptionPARKDALE LOT 1 BLOCK 22 ACRES .221
Census Tract002501
Assessed Land Value$21,760
Assessed Improvement Value$281,120
Assessment Year2025

About this property

Looking for a home with tons of character and great potential? This 1960s home located conveniently in the heart of Waco may be the one for you! Featuring three bedrooms, two bathrooms, and two living spaces, this property has ample room for a home office, play room, and entertainment. Situated on a large corner lot, this property offers plenty of outdoor space for gatherings and activities. Conveniently located just minutes from HEB, Target, and other shopping options- you'll never have to travel too far. Don't miss out on this one... MOTIVATED SELLER!!!

Investor Tools

Property Icon
$302,880
Estimated Property Value
$198,464Estimated Mortgage Balance
$104,416Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$321,902
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,817 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,904
$302,880
2025
$21,760
$281,120
$302,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,904
$302,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Fha
$206,196
Yes
First
Apr 2, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,464
$104,416
34%
66%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,237/mo
+$70/mo
5.2%

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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1024 Melrose Dr | Property Details | No Agent List