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Days19Days on Market
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$250,000

$265,000

1107 Primrose Dr, Waco, TX, 76706

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,306 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.42 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringConcrete

Exterior

Lot Size8,250 sqft

Building Information

Year Built2019
Stories1
Roof Type105

Land Information

APN480381000006020
Lot Number11
SubdivisionSouth End
Land UseResidential
Legal DescriptionSOUTH END LOT 11 BLOCK 1 ACRES .1894
Census Tract001900
Assessed Land Value$40,760
Assessed Improvement Value$246,490
Assessment Year2025

About this property

Welcome to 1107 Primrose Drive! Located just minutes from downtown Waco, Magnolia Market, and Baylor University, plus zoned O-2 for short-term rental potential, this gem is equal parts charming and smart investment. Step inside to find concrete floors throughout for easy maintenance, a neutral color palette, and an open-concept layout that feels fresh, functional, and easy to love. Kitchen features granite counters and ample cabinet space. Isolated primary suite with en-suite bath, dual sinks, and two closets. Outside, you’ll find a roomy backyard with privacy fence, a covered patio perfect for unwinding, and a long driveway providing plenty of parking space. This property and location offers a fantastic opportunity for someone seeking a move-in ready starter home, a quiet off-campus option for a college student, or a great investment property and game day landing spot!

Investor Tools

Property Icon
$287,250
Estimated Property Value
$131,250Estimated Mortgage Balance
$170,881Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,724 /month
Positive
Cash Flow Estimate:
$575 /month

Interested in this property?

Melissa Miller

Magnolia Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$650/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,362
$287,250
2025
$40,760
$246,490
$287,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,362
$287,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$131,250
No
First
Sep 24, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,844
$170,406
59%
41%
$787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$787/mo
+$543/mo
5.6%

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.

Explore Texas Explore This Area
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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1107 Primrose Dr | Property Details | No Agent List