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$203,511

NAL Estimated Property Value

18297 Gholson Rd, Waco, TX, 76705

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,848 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$51.23 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringConcrete

Exterior

Lot Size1 acre

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN501054000012007
SubdivisionRice Lemuel (A-1054.00s50)
Land UseResidential
Legal DescriptionRICE LEMUEL (A-1054.00S50) ACRES 1.0
Census Tract004202
Assessed Land Value$30,360
Assessed Improvement Value$309,250
Assessment Year2025

About this property

Investment Opportunity Fixer-Upper or Future Commercial in the West Independent School District located on FM 933 (Gholson Road) in a high-traffic intersection. Previous owners started a remodel on the house to use it as a Restaurant with a bar and opening from the kitchen into the large dining room. The current owner is currently using the property as a residence with 4 bedrooms and 1 full bath with a shower. Separated his and her half baths that are not completed with another empty room available for storage or a second full bathroom. Other interior features include Central Heat and Air, an open laundry area, and an electric hot water heater. The exterior features include a light pole, a propane tank that is not connected to the home and will convey with the sale, and a completely fenced backyard. Several High-Speed Internet providers are available in the area. Water is supplied by the Gholson Water Department and comes with 2 separate water meters but only is currently hooked up. Electric is supplied by Hilco. The attic was insulated 2 years ago. Being sold As-Is. No survey is available.

Investor Tools

Property Icon
$203,511
Estimated Property Value
$49,811Estimated Mortgage Balance
$153,700Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,221 /month
Positive
Cash Flow Estimate:
$407 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,532
$203,511
2025
$30,360
$309,250
$339,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,532
$203,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Access Capital
Unknown
$57,500
No
First
Aug 2, 2019
Aug 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,811
$153,700
75%
24%
$345/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$345/mo
+$962/mo
7.7%

Learn About the Market: Opportunity in Texas

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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.

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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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18297 Gholson Rd | Property Details | No Agent List