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$94,900

2168 Patrick Rd, Waco, TX, 76708

$123,370 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,110 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1973

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size6.63 acres

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APN180033000430011
SubdivisionRabago M
Land UseResidential
Legal DescriptionRABAGO M ACRES 6.63
Census Tract004102
Assessed Land Value$132,830
Assessed Improvement Value$533,680
Assessment Year2025

About this property

Opportunities like this are exactly what land and outdoor enthusiasts look for: an affordable, unrestricted 2.15-acre property near the Brazos River with room to build, recreate, or simply hold for the future. -No Restrictions -Extensive Public Road Frontage -Power and Water -Eleveated Homesite for Great Views of River Valley -No Wetlands & 97% Floodplain-free -Surveyed -Only 16 mis to Lake Waco -Only 23 mins to d'town Waco This undeveloped, wooded parcel offers approximately 723 feet of road frontage along Patrick Crossing and provides plenty of space for a full-time residence, weekend retreat, recreational basecamp, mobile home, tiny home, cabin, workshop, barn, or livestock setup. The land features a flatter bluff area a little higher up and farther off the road frontage, which unlocks great views of the Brazos River valley, while keeping your homesite high & dry above the floodplain. No wetlands either, so your dream home is safe here!

Investor Tools

$304,510Estimated Mortgage Balance
$362,000Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$123,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,999 /month
Positive
Cash Flow Estimate:
$1,333 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$912/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,610
$666,510
2025
$132,830
$533,680
$666,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,610
$666,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Va
$350,000
Yes
First
Jan 16, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,510
$362,000
54%
46%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$2,099/mo
$-769/mo
2.4%

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.

Explore Texas Explore This Area
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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2168 Patrick Rd | Property Details | No Agent List