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A+
NoAgentList RatingHow are grades calculated? Info

$220,000

1718 Southern Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,157 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.61 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesVented Exhaust Fan, Gas Water Heater
FlooringBrick, Laminate

Exterior

Lot Size7,797 sqft

Building Information

Year Built1957
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480381010036006
Lot Number17,16B
SubdivisionSouthern Terrace
Land UseResidential
Legal DescriptionSOUTHERN TERRACE LOT 16B 17 BLOCK 3 ACRES .179
Census Tract002501
Assessed Land Value$20,270
Assessed Improvement Value$128,850
Assessment Year2025

About this property

Updated 3BR/1.5 BA home in convenient Fish Pond area. Move in ready. Open kitchen/den/dining combo. Fresh interior paint, new vinyl plank flooring. Kitchen features include new granite counters with undermount sink, subway tile backsplash, stainless gas cooktop, oven and dishwasher. CH/A with gas heat. Attractive painted brick and vinyl siding exterior. Fenced yard, shaded lot.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$168,500Estimated Mortgage Balance
$58,082Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$287/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,342
$149,120
2025
$20,270
$128,850
$149,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,342
$149,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Laraby Financial Group Inc
Conventional
$168,500
No
First
Mar 18, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$161,918
$58,082
26%
74%
$1,011/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,011/mo
+$296/mo
7.1%

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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1718 Southern Dr | Property Details | No Agent List