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$330,000

NAL Estimated Property Value

1252 Drake Ct, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,652 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.52 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,205 sqft

Building Information

Year Built2011
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480137050003140
Lot Number14
SubdivisionErwin Addition Pud
Land UseResidential
Legal DescriptionERWIN ADDITION PUD LOT 14 BLOCK 3 ACRES .1195
Census Tract002498
Assessed Land Value$38,790
Assessed Improvement Value$286,630
Assessment Year2025

About this property

You'll love this charming and immaculate patio home located in the highly desirable Magnolia Villas gated community. The whole neighborhood has so much character...enjoy "front porch sitting" and the cottage feel of all of the surrounding homes. This community is located in the heart of Waco with close proximity to shopping, dining, and medical facilities. The layout of this 3 Bedroom / 2.5 Bath home has an open concept living space with a large living area open to a spacious dining room and kitchen -- the kitchen has pretty granite counters, an eating bar, and a large size pantry. A side door leads to a wonderful covered patio with pretty stamped concrete floors and a very private feel. The master bedroom has an oversized tile shower and dual vanities - plus a nice sized closet. The other two bedrooms have a jack and jill bathroom that has a tub. A two car garage is accessed at the rear of the home and has ample storage space as well. All wood look laminate flooring and tile flow throughout the whole house and the colors and finishes are bright and neutral.

Investor Tools

Property Icon
$330,000
Estimated Property Value
$241,057Estimated Mortgage Balance
$88,943Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,832
$319,000
2025
$38,790
$286,630
$325,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,832
$319,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Commercial
$266,000
No
First
Jun 4, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,057
$88,943
26%
73%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,715/mo
$-408/mo
4.8%

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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