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$346,000

NAL Estimated Property Value

10308 Rayburn Way, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,923 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.96 / sqft
Year BuiltBuilt in 2010

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, Microwave, Electric Water Heater
FlooringConcrete

Exterior

Lot Size11,962 sqft

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces2

Land Information

APN180034010001680
Lot Number68
SubdivisionReserve @ Lakeland Meadows Addition Phas
Land UseResidential
Legal DescriptionRESERVE @ LAKELAND MEADOWS ADDITION PHASE FIVE LOT 68 BLOCK 1 ACRES .2746
Census Tract004105
Assessed Land Value$36,130
Assessed Improvement Value$306,230
Assessment Year2025

About this property

BRAND NEW ROOF just installed! Welcome home to 10308 Rayburn Way. Abundant curb appeal with the perfect mixture of brick, stone and board and batten plus a cozy front porch. Conveniently located in China Spring ISD within minutes to the Waco Regional Airport and Lake Waco Golf Club. You'll love the location with easy access to Cameron Park, Downtown Waco, McLennan Community College and Baylor University. Built in 2010, this beautiful 3BR/2BA plus two car side entry garage features a great open floor plan. Step inside to stained and scored concrete floors, crown molding and wide baseboards and raised ceilings throughout. Open living/kitchen/dining is perfect for entertaining. Large corner wood burning fireplace with stone surround. Oversized kitchen island with granite counters features stone facade on living room side. Warm wood cabinetry, stainless appliances, granite counters, tumbled marble backsplash and walk in pantry. Don't miss the office space with built in cabinetry and French door for privacy. Ideal for those work at home days! Separate laundry room also has built in cabinetry and granite counters. Isolated primary suite has a spa-like bath with dual granite vanities, walk in tiled shower with bench, separate whirlpool tub and huge walk in closet - plenty of space to share! Both additional bedrooms are very spacious and ideally located next to the guest bath. Enjoy the exterior features of a covered patio - just off the great room, sprinkler system and privacy fence. The backyard is pool ready! Imagine your backyard oasis with no neighbors located directly behind the house. Move in ready!

Investor Tools

Property Icon
$346,000
Estimated Property Value
$345,836Estimated Mortgage Balance
$164Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$342,360
2025
$36,130
$306,230
$342,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$342,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Imperium Lending Llc
Va
$347,850
Yes
First
Jan 26, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,836
$164
0%
100%
$2,086/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$2,086/mo
$-756/mo
4.6%

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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10308 Rayburn Way | Property Details | No Agent List