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$221,000

1828 Rey Dr, Waco, TX, 76712

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,244 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.81 / sqft
Year BuiltBuilt in 1986

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
AppliancesGas Water Heater, Disposal, Microwave, Vented Exhaust Fan
FlooringCarpet, Laminate, Tile, Vinyl

Exterior

Lot Size8,699 sqft

Building Information

Year Built1986
Stories2
Roof Type105
Garage Spaces2

Land Information

APN363330000374000
Lot Number39
SubdivisionRoyalton
Land UseResidential
Legal DescriptionROYALTON LOT 39 BLOCK L ACRES .1997
Census Tract003711
Assessed Land Value$25,560
Assessed Improvement Value$186,850
Assessment Year2025

About this property

Welcome to this charming 2-story home in Woodway, TX, that blends comfort and convenience seamlessly. This residence features 3 spacious bedrooms and 2-1/2 bathrooms, making it ideal for those who enjoy extra space. The two-car garage has dual 1-car garage doors, providing both functionality and aesthetic appeal. As you approach, you'll be greeted by a welcoming covered front porch complete with a storm door and an ornate oval lite front door, which opens into a cozy living room with a wood-burning fireplace perfect for those chilly evenings. To your right, carpeted stairs lead up to the second floor, while to your left, you'll find a convenient main floor half-bath. The dedicated dining room area is seamlessly connected to the living room and leads directly into the well-appointed kitchen. The kitchen itself is a chef's delight, featuring granite countertops, a stylish tile backsplash, and pristine white cabinets. Modern appliances, including a microwave and a gas range, ensure you have everything you need for meal preparation. The open layout allows you to interact easily with guests while preparing meals. Upstairs, the master suite offers a large carpeted bedroom, providing a peaceful retreat at the end of the day. The ensuite bathroom includes a tiled shower/tub combo and extra counter space, perfect for sitting and getting ready. The other two bedrooms are also carpeted and are supported by a hall bathroom that features a tiled shower/tub combo and a clerestory window, allowing natural light to flood the space. Step outside to the back patio, where a wood-fenced backyard ensures your privacy. This outdoor space is perfect for BBQ get-togethers or simply relaxing and enjoying the outdoors. Located in the sought-after Midway ISD, this home offers convenient access to shopping, restaurants, healthcare facilities, and more. Discover the perfect blend of comfort and convenience in this wonderful home.

Investor Tools

Property Icon
$221,000
Estimated Property Value
$223,870Estimated Mortgage Balance
$3,789Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,537
$212,410
2025
$25,560
$186,850
$212,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,537
$212,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Fha
$223,870
Yes
First
Sep 26, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,211
$3,789
1%
98%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,343/mo
+$127/mo
8.0%

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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1828 Rey Dr | Property Details | No Agent List