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$321,000

NAL Estimated Property Value

1212 Elise Ave, Waco, TX, 76706

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,551 Sq Ft
price_per_sqft$215.99 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range

Exterior

Lot Size4,792 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266620007260
Lot Number26
SubdivisionLakes At University Parks Ph 4
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS PH 4 LOT 26 BLOCK 7 ACRES .11
Census Tract001900
Assessed Land Value$38,050
Assessed Improvement Value$207,520
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bathroom home that perfectly blends comfort with convenience. Step inside and you'll immediately notice the thoughtful upgrades throughout. The kitchen showcases upgraded cabinets with beautiful quartz countertops that are as practical as they are stunning. New interior light fixtures brighten every corner, while elegant crown molding in both the primary bedroom and guest bedroom adds a touch of sophistication with new carpet.The living room features custom blinds with remote control operation because sometimes it's the little conveniences that make the biggest difference. Wood beams in the foyer create an inviting entrance that sets the tone for the entire home.The laundry room deserves special mention with its custom shelving system, built-in hamper, and stylish Magnolia wallpaper that transforms a functional space into something special. Upgraded toilets and bathroom faucets complete the interior improvements.Outside, you'll find newly installed gutters protecting your investment. The lakefront location offers peaceful water views and recreational opportunities right at your doorstep. This home combines modern updates with comfortable living in a location that's hard to beat. With Baylor University located less than 5 minutes away and being within a 10 minute commute to Downtown Waco and Shopping centers its a location hard to beat!

Investor Tools

Property Icon
$321,000
Estimated Property Value
$122,300Estimated Mortgage Balance
$198,700Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$654/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,243
$245,570
2025
$38,050
$207,520
$245,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,243
$245,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Conventional
$123,375
No
First
Nov 7, 2025
Dec 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,300
$198,700
61%
38%
$740/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,240/mo
+$90/mo
5.0%

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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1212 Elise Ave | Property Details | No Agent List