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B+
NoAgentList RatingHow are grades calculated? Info

$308,000

1209 Merganser Way, Waco, TX, 76706

$328,852 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,724 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.03 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size5,998 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266590003050
Lot Number5
SubdivisionLakes At University Parks
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS LOT 5 BLOCK 3 ACRES .1377
Census Tract001900
Assessed Land Value$44,760
Assessed Improvement Value$255,720
Assessment Year2025

About this property

Lovely and well kept home in the sought after Lakes at University Parks subdivision! This easy and open floor plan includes four bedrooms and two full bathrooms. The isolated master bedroom boasts a large bathroom and huge master closet! Kitchen is well planned and consists of a granite island, breakfast nook, oversized pantry and formal dining space. All kitchen appliances, washer/dryer, security cameras, TV mounts and drapes 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 more!

Investor Tools

Property Icon
$308,000
Estimated Property Value
$244,000Estimated Mortgage Balance
$75,851Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$328,852
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$817/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,264
$300,480
2025
$44,760
$255,720
$300,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,264
$300,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Castle Mortgage Corp
Conventional
$244,000
No
First
Sep 25, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,149
$75,851
24%
75%
$1,463/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,463/mo
$-133/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.

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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1209 Merganser Way | Property Details | No Agent List