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$208,000

NAL Estimated Property Value

200 S Norma Dr, Waco, TX, 76705

$220,791 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,692 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$82.15 / sqft
Year BuiltBuilt in 1968

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
AppliancesElectric Water Heater, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesDog Run
Lot Size8,799 sqft

Building Information

Year Built1968
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200356000186005
Lot Number8
SubdivisionNorthdale
Land UseResidential
Legal DescriptionNORTHDALE LOT 8 BLOCK 16 ACRES .202
Census Tract003200
Assessed Land Value$30,270
Assessed Improvement Value$190,860
Assessment Year2025

About this property

This cute home on a large corner lot is in a nice, quiet neighborhood with convenient access to I-35. There are many special touches that make it unique, including -- a custom built mud bench with storage at the entry, a pretty open metal wall divider in the breakfast room, and an oversize brick fireplace hearth that's the focal point of the family room. The family room is just off the kitchen and breakfast area, and there is another space that could be a formal dining room or a second living area. The three bedrooms all have nice closet sizes, and the two bathrooms have efficient and roomy layouts. A two car garage, separate utility room, and sprinkler system in the front yard are other nice features. In the backyard, one section is fenced off separately to create a large dog run, and there's also a charming fenced chicken run...the chicken coop does not convey.

Investor Tools

Property Icon
$208,000
Estimated Property Value
$126,746Estimated Mortgage Balance
$81,254Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$220,791
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,470
$206,775
2025
$30,270
$190,860
$221,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,470
$206,775

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$142,373
Yes
First
Sep 16, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,746
$81,254
39%
61%
$854/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$854/mo
+$453/mo
7.5%

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.

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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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200 S Norma Dr | Property Details | No Agent List