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$212,000

NAL Estimated Property Value

208 Dearborn St, Waco, TX, 76704

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,263 Sq Ft
price_per_sqft$170.23 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Vinyl

Exterior

Lot Size10,271 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480352020004001
Lot Number3
SubdivisionRiver Oaks No 2
Land UseResidential
Legal DescriptionRIVER OAKS NO 2 LOT 3 BLOCK 2 ACRES .2358
Census Tract001401
Assessed Land Value$15,510
Assessed Improvement Value$104,000
Assessment Year2025

About this property

Welcome home to this charming corner lot gem in Waco, TX, nestled just northwest of the Brazos River and set back three streets for a peaceful feel. This 1,263 sq. ft. home features an open entry that flows seamlessly into the living and dining areas, creating a bright and spacious atmosphere. The modern kitchen boasts sleek quartz countertops, SS appliances and ample storage, while the bathrooms have been beautifully updated with intricately detailed ceramic tile and a double vanity in the master bath. Throughout the home, luxury vinyl plank flooring adds both durability and style. A huge flex space provides endless possibilities perfect for an office, second living area, or family room, with convenient laundry access and a door leading to the covered carport. Recessed can lighting enhances the home’s modern appeal, while the big backyard with mature trees offers a peaceful retreat. The double doors to the backyard make entertaining a breeze, especially in the warmer months! Located just 2.5 miles from top attractions like Cameron Park Zoo, Magnolia Market, Baylor University, and McLane Stadium Mall, plus easy access to shopping at HEB Plus and Target Superstore, this home offers both comfort and convenience. Don’t miss out, schedule a showing today!

Investor Tools

Property Icon
$212,000
Estimated Property Value
$195,050Estimated Mortgage Balance
$16,950Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$185/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,161
$119,510
2025
$15,510
$104,000
$119,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,161
$119,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$198,850
No
First
Apr 25, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,050
$16,950
7%
92%
$1,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,193/mo
+$114/mo
7.4%

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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208 Dearborn St | Property Details | No Agent List