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$489,900

1488 Mcgary Rd, Waco, TX, 76708

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,539 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$318.32 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Other
Lot Size13.01 acres

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN180002000015020
SubdivisionBarron T H
Land UseAgriculture / Farming
Legal DescriptionBARRON T H ACRES 13.015
Census Tract004102
Assessed Land Value$14,080
Assessed Improvement Value$174,950
Assessment Year2025

About this property

Turnkey Farmhouse Retreat or Family Home on 2.5 Acres — China Spring ISD —15 Minutes to Downtown Waco Beautifully remodeled 3-bedroom, 2-bath farmhouse on 2.5 acres, offering the best of both worlds - a fully furnished, income-producing Airbnb STR with solid bookings, or a move-in-ready family retreat in one of Central Texas’s most sought-after school districts. Enjoy an excellent location just 15 minutes from downtown Waco, combining peaceful country living with easy access to city conveniences, dining, and shopping - all within the top-rated China Spring ISD. Inside, a sun-filled open-concept layout welcomes you with vaulted, wood-beamed ceilings, shiplap accents, and a chef’s kitchen featuring quartz countertops, crisp white cabinetry, and stainless steel appliances. The thoughtfully laid-out floor plan includes a beautifully updated primary suite with dual vanities and updated bath. The wood beams are carried throughout each of the secondary bedrooms creating a beautiful space. Outside, the property truly shines — a detached, air-conditioned game room or office with foosball, ping pong, and arcade games offers flexible space for guests, kids, or remote work. Unwind on the screened back porch or covered rocking-chair front porch, gather around the fire pit, or soak in the private hot tub under mature shade trees. Whether you’re seeking a turnkey investment property with proven rental history or a spacious, light-filled family home close to Waco, 1488 McGary Lane delivers on every level. Schedule your private showing today!

Investor Tools

$0Estimated Mortgage Balance
$290,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,939 /month
Positive
Cash Flow Estimate:
$980 /month

Interested in this property?

Reagan Franco

Texas Luxury and Land

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,738
$189,030
2025
$14,080
$174,950
$305,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,738
$189,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$290,000
100%
0%
$0/mo

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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