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$244,900

2208 Lake Forest Dr, Waco, TX, 76708

$245,311 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.99 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Oven

Exterior

Lot Size8,825 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480051010016004
Lot Number5
SubdivisionBlaize Lake Forest
Land UseResidential
Legal DescriptionBLAIZE LAKE FOREST LOT 5 BLOCK B ACRES .2026
Census Tract003000
Assessed Land Value$28,410
Assessed Improvement Value$210,980
Assessment Year2025

About this property

Step into this move-in ready 3-bedroom, 2-bath beauty offering 1,560 sq. ft. of comfortable, well-designed living space. The open-concept layout creates a bright, welcoming atmosphere that’s perfect for everyday living and entertaining alike. Kitchen features a commercial-grade gas range and oven, ideal for anyone who loves to cook and gather around the kitchen, farm style sink overlooking the back yard. Each bedroom is generously sized, providing plenty of room to relax, work, or grow into. The 2-car garage includes a dedicated storage room, offering extra space for tools, hobbies, or seasonal items. The laundry room is situated in the garage and has an oversized sink. Step outside to enjoy a fully fenced backyard with a large covered patio, perfect for morning coffee, weekend barbecues, or unwinding at the end of the day. This home truly checks all the boxes — functional, stylish, and ready for its next owner to move right in and start making memories.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$182,000Estimated Mortgage Balance
$79,748Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$245,311
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

Interested in this property?

Jennifer Shelburne

Bentwood Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,435
$239,390
2025
$28,410
$210,980
$239,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,435
$239,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$182,000
No
First
Jul 16, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,252
$79,748
32%
67%
$1,092/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,092/mo
+$238/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2208 Lake Forest Dr | Property Details | No Agent List