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$415,000

166 Norwood Dr, Woodway, TX, 76712

$417,912 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,715 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.85 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator
FlooringVinyl

Exterior

Lot Size21,750 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN364070000121008
Lot Number19,20
SubdivisionWestern Hills
Land UseResidential
Legal DescriptionWESTERN HILLS LOT 19 20 BLOCK 5 ACRES .4993
Census Tract002900
Assessed Land Value$41,330
Assessed Improvement Value$173,748
Assessment Year2025

About this property

Half an acre of pure WOW in Midway ISD! What more could you ask for? Updates from top to bottom, Midway school district, half an acre lot, and no Waco city taxes! There’s plenty of room for the whole family with 5 bedrooms, 3 bathrooms, and a spacious front and back yard. This home has been completely transformed with a new roof, new central heat and AC, a new water heater, and more. Inside, you’ll find beautiful new flooring, stunning bathrooms, and a custom-built kitchen featuring granite countertops, new cabinets, and stainless steel appliances. You’ll also love the newly built 2-car carport and long, winding driveway. Oh, and the cherry on top? This property qualifies for 0% down USDA financing!

Investor Tools

Property Icon
$419,000
Estimated Property Value
$414,356Estimated Mortgage Balance
$7,044Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$417,911
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,514 /month
Positive
Cash Flow Estimate:
$838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$309/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,609
$215,078
2025
$41,330
$173,748
$215,078
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,609
$215,078

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Fha
$414,356
Yes
First
Jan 20, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,956
$7,044
1%
98%
$2,485/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$2,485/mo
$-1,015/mo
4.2%

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: Woodway

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