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$288,000

NAL Estimated Property Value

10241 Salem Way, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,017 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.58 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Laminate, Tile

Exterior

Lot Size8,886 sqft

Building Information

Year Built2008
Stories1
Roof Type105
Garage Spaces2

Land Information

APN180909080006040
Lot Number4
SubdivisionWillow Bend
Land UseResidential
Legal DescriptionWILLOW BEND LOT 4 BLOCK 6 ACRES .204
Census Tract004105
Assessed Land Value$34,750
Assessed Improvement Value$247,500
Assessment Year2025

About this property

Beautifully refreshed ONE STORY in China Spring ISD means NEW CARPET, FRESH PAINT, SUPER CLEAN and move-in ready! This desirable 3/2 floor plan also has an additional FLEX ROOM that can be a HOME OFFICE, HOME SCHOOL SPACE or GAME ROOM.... maybe even a 4th bedroom? Don't miss the oversized pantry and extra storage in this sweet peach gourmet kitchen with island - accented brightly with new LED can lights and new iron breakfast fixture. The master suite is grand with vaulted ceilings, travertine floors in the bath, mosaic tile, double sinks and huge walk-in closet. The back yard features a covered patio, storage shed and space for your victory garden. Finally, the driveway is extra deep to accommodate up to 4 additional vehicles. All in a friendly, walk-able neighborhood convenient to Ace Hardware, Restaurants, Services and Schools.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$201,603Estimated Mortgage Balance
$86,397Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,624
$282,250
2025
$34,750
$247,500
$282,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,624
$282,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sente Mortgage Inc
Fha
$215,033
Yes
First
Oct 29, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,603
$86,397
29%
70%
$1,350/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,350/mo
$-20/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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10241 Salem Way | Property Details | No Agent List