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$273,900

205 Ike Rd, Waxahachie, TX, 75165

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,080 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.61 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven

Exterior

Lot Size27,007 sqft

Building Information

Year Built2001
Stories1
Roof Type105

Land Information

APN99.0005.000.109.00.112
SubdivisionJ B & A Adams
Land UseResidential
Legal Description5 J B & A ADAMS 0.62 ACRES
Census Tract060217
Assessed Land Value$80,000
Assessed Improvement Value$133,724
Assessment Year2025

About this property

This charming 2 bedroom 2 full bath home is a must see! If you are looking to escape the hustle and bustle and enjoy the country setting and gorgeous sunsets in a cozy updated home, this house is for you. The property is nestled on .6 acres with a stunning view of pasture and corn fields. The home has been completely updated with new flooring throughout with no carpet, exterior paint, gutters to the front of the home, light fixtures, a recently replaced exterior HVAC and so much more. This property is zoned for the new elementary school that will be ready for the 2024-2025 school year. Waxahachie ISD and No city taxes. All information is considered reliable, but not guaranteed. Buyer and buyer's agent to verify all information in MLS or website, including but not limited to schools, square footage, HOA (if applicable) and taxes.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$215,920Estimated Mortgage Balance
$83,169Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,261
$213,724
2025
$80,000
$133,724
$213,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,261
$213,724

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$215,920
No
First
Jul 1, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,831
$83,169
28%
72%
$1,295/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,295/mo
+$677/mo
8.1%

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.

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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: Waxahachie

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205 Ike Rd | Property Details | No Agent List