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$299,000

1127 Merganser Way, Waco, TX, 76706

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,546 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.45 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size5,571 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480266590004010
Lot Number1
SubdivisionLakes At University Parks
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS LOT 1 BLOCK 4 ACRES .1279
Census Tract001900
Assessed Land Value$42,500
Assessed Improvement Value$240,850
Assessment Year2025

About this property

Welcome to 1127 Merganser Way, this lovely and well-kept home is located in the sought after Lakes at University Parks subdivision. This easy and unique floorplan can easily be adjusted to meet your personal needs. The open floorplan includes three bedrooms and two full bathrooms. The primary bedroom is spacious and isolated from the other two bedrooms in the house. Some of the other high-quality features include the granite countertops, sprinkler system, security system, and an oversized pantry and formal dining space. All kitchen appliances, washer/dryer, security cameras convey. Enjoy kayaking, fishing or taking in the sunset at the fun community lake. This is a convenient, quiet neighborhood close to it all: downtown Waco, Baylor, the Silo district, I35 and so much more!

Investor Tools

Property Icon
$299,000
Estimated Property Value
$164,750Estimated Mortgage Balance
$137,151Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,859 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$768/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,722
$283,350
2025
$42,500
$240,850
$283,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,722
$283,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$164,750
No
First
May 6, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$161,849
$137,151
45%
54%
$988/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$988/mo
+$342/mo
5.3%

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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1127 Merganser Way | Property Details | No Agent List