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B+
NoAgentList RatingHow are grades calculated? Info

$270,055

1404 - 1406 Chapelwood Drive, Waco, TX, 76712

Off MarketInfo
Baths0 Bath
Baths1,894 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Refrigerator

Exterior

Lot Size8,690 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360089070004007
Lot Number4
SubdivisionChapel Acres Est
Land UseResidential
Legal DescriptionCHAPEL ACRES EST LOT 4 BLOCK A ACRES .1995
Census Tract003712
Assessed Land Value$29,470
Assessed Improvement Value$241,350
Assessment Year2025

About this property

Great income property in Midway ISD! Duplex: Each side is 2 BR 1-1/2 BA with efficient floorplan. Both units have large family rooms, master bedrooms have a private half bath! Privacy fencing separates this property from its neighbors. And there is a covered and paved carport large enough for 2 vehicles! This is an opportunity you don't want to miss out on! Please do not disturb the tenants.

Investor Tools

Property Icon
$270,055
Estimated Property Value
$0Estimated Mortgage Balance
$91,097Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,824
$270,055
2025
$29,470
$241,350
$270,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,824
$270,055

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Unknown
$180,000
No
First
Jan 29, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,958
$91,097
33%
66%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,120/mo
$1,080/mo
+$40/mo
5.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1404 - 1406 Chapelwood Drive | Property Details | No Agent List