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$290,530

NAL Estimated Property Value

2109 Lake James Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,850 Sq Ft
price_per_sqft$154 / sqft
Year BuiltBuilt in 1961

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
AppliancesDishwasher, Electric Oven, Electric Range
FlooringTile, Wood

Exterior

Lot Size11,992 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070015009
Lot Number3
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 3 BLOCK 2 ACRES .2753
Census Tract002600
Assessed Land Value$36,210
Assessed Improvement Value$254,320
Assessment Year2025

About this property

Beautifully and professionally updated home in the HEART OF WACO. Tree covered lot in beautiful Lake Air Estates. This home has had many updates done with quality workmanship. Updates include new flooring, new windows and sliding glass doors. Kitchen remodel includes all new cabinets, granite countertops, new appliances and sink. If you love tree covered neighborhoods then you will love this home located literally minutes from shopping, dinning, Lake Waco, medical offices and facilities. This home offers a great layout with a formal dining area and a spacious formal living area with a large window overlooking the front yard. Second cozy living area with fireplace accessible to the newly updated kitchen and breakfast nook. Three well sized bedrooms including a spacious master bedroom with private bath. The freshly updated second bathroom is conveniently located as well. A nice backyard with a privacy fenced backyard to enjoy your morning coffee or afternoon tea.

Investor Tools

Property Icon
$290,530
Estimated Property Value
$218,405Estimated Mortgage Balance
$72,125Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,743 /month
Positive
Cash Flow Estimate:
$581 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,499
$290,530
2025
$36,210
$254,320
$290,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,499
$290,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$220,000
No
First
Dec 4, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,405
$72,125
24%
75%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,320/mo
$-13/mo
5.4%

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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2109 Lake James Dr | Property Details | No Agent List