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$246,000

NAL Estimated Property Value

2112 Rey Dr, Waco, TX, 76712

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,309 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.91 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Vented Exhaust Fan
FlooringCarpet, Laminate, Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces1

Land Information

APN360363020327000
Lot Number16
SubdivisionRoyalton
Land UseResidential
Legal DescriptionROYALTON LOT 16 BLOCK K ACRES .1653
Census Tract003711
Assessed Land Value$22,820
Assessed Improvement Value$216,000
Assessment Year2025

About this property

Conveniently located in Midway ISD, this home is competitively priced and includes a $2,500 redecorating allowance. The property offers great curb appeal with a towering oak tree out front. Inside, you’ll find a spacious living area with wood laminate flooring and a wood-burning fireplace. The adjoining kitchen features granite countertops, a breakfast bar, and a plant window ideal for growing herbs in addition to letting in natural light. The primary bedroom is isolated and includes built-ins, a large en suite with a dual-sink vanity, walk-in closet, and a separate area for the tub-shower combo and toilet to enhance privacy. Two additional bedrooms are generously sized and located near the guest bathroom. Out back, the patio sits beneath another mature oak. The spacious backyard includes a wood privacy fence and a storage building. Recent improvements include new windows, and guttering!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$251,177Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,894
$223,608
2025
$22,820
$216,000
$238,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,894
$223,608

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Fha
$245,471
Yes
First
Jun 3, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,177
N/A
0%
102%
$1,531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,531/mo
$-61/mo
7.2%

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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2112 Rey Dr | Property Details | No Agent List