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$334,780

NAL Estimated Property Value

1229 Drake Ct, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,701 Sq Ft
price_per_sqft$202.82 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Refrigerator
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size4,452 sqft

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480137050004080
Lot Number8
SubdivisionErwin Addition Pud
Land UseResidential
Legal DescriptionERWIN ADDITION PUD LOT 8 BLOCK 4 ACRES .1022
Census Tract002498
Assessed Land Value$36,220
Assessed Improvement Value$298,560
Assessment Year2025

About this property

You'll love this bright and beautiful 3 bedroom/2 bath patio home in the Magnolia Villas gated community. The functional layout make this charming home absolutely perfect! The heart of the home is the spacious open living area and kitchen. The high quality, wood look vinyl plank flooring that runs throughout the whole house is functional and so pretty. Built in 2014, this home has such a cozy floorplan, a wood burning fireplace, stainless steel appliances, plus a large dining area. The refrigerator and washer/dryer will convey with the home. The master suite has dual vanities, nice closet space, a walk-in shower, and patio doors. Magnolia Villas is located in the heart of Waco with close proximity to shopping, dining, and medical facilities -- the homes in the neighborhood are all unique, but they share the cozy cottage exterior style that makes them blend together so well. The HOA covers individual lawn maintenance

Investor Tools

Property Icon
$334,780
Estimated Property Value
$0Estimated Mortgage Balance
$334,780Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
$140/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,717
$334,780
2025
$36,220
$298,560
$334,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,717
$334,780

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$334,780
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$140/mo
+$1,167/mo
4.7%

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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1229 Drake Ct | Property Details | No Agent List