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$272,690

NAL Estimated Property Value

1705 Ramada Dr, Waco, TX, 76712

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,484 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.4 / sqft
Year BuiltBuilt in 1991

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
AppliancesDisposal, Electric Water Heater

Exterior

Lot Size13,360 sqft

Building Information

Year Built1991
Stories1
Roof Type105
Garage Spaces2

Land Information

APN363330000430011
Lot Number2
SubdivisionRoyalton
Land UseResidential
Legal DescriptionROYALTON LOT 2 BLOCK S ACRES .3067
Census Tract003711
Assessed Land Value$30,860
Assessed Improvement Value$241,830
Assessment Year2025

About this property

Located in the heart of Midway ISD, this three-bedroom, two-bathroom home offers affordability and convenience. The exterior features an updated double driveway and mature, towering shade trees. Inside, the open layout features tall ceilings and a spacious living area with a wood-burning fireplace and tile flooring throughout. The kitchen includes ample cabinetry, a bright dining area and a breakfast bar for extra seating or serving. Just off the kitchen is a separate utility room with extra storage. The primary suite is generously sized, with an extra nook ideal for a sitting area or home office. The en suite bathroom includes dual vanities, abundant storage, and a recently updated cultured marble shower. Two additional guest bedrooms and a second full bathroom complete the interior. Step outside to a large screened-in back porch, perfect for enjoying a morning coffee or winding down in the evening without the worry of bugs. The backyard backs up to a tree-lined drainage easement, adding a layer of privacy and a natural view. Don’t miss out!

Investor Tools

Property Icon
$272,690
Estimated Property Value
$251,413Estimated Mortgage Balance
$21,277Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,636 /month
Positive
Cash Flow Estimate:
$545 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,632
$272,690
2025
$30,860
$241,830
$272,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,632
$272,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Myers Legacy Wealth Trust
Unknown
$254,000
No
First
Oct 28, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,413
$21,277
7%
92%
$1,523/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,523/mo
$-53/mo
6.5%

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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1705 Ramada Dr | Property Details | No Agent List