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$273,000

221 Rio Rim Rd, Waco, TX, 76705

$281,748 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$182.01 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APN240018009312000
SubdivisionGholson Samuel A-18
Land UseResidential
Legal DescriptionGHOLSON SAMUEL A-18 MH ONLY, LAND PID: 384346 MH ONLY, LAND PID: 384346
Census Tract004202
Assessed Improvement Value$96,290
Assessment Year2025

About this property

Welcome to peaceful country living with a modern twist—this well-cared-for 3-bedroom, 2-bath home on just under an acre offers the kind of space and tranquility that invites you to slow down and stay awhile. Inside, the open-concept floor plan creates a seamless flow between the living, dining, and kitchen areas, where warm wood accents, faux beams, and crown molding bring a cozy yet polished feel. The kitchen is a true standout, featuring a generous island with raised counter seating, stylish pendant lights, stainless steel appliances with sleek black finishes, and a large farm-style sink tucked beneath a window that frames the view of your wide-open backyard. The spacious primary suite is your personal retreat with a soaking tub that invites long, relaxing evenings, a separate shower, and dual vanities for added convenience. Two additional bedrooms offer plenty of room for guests, hobbies, or work-from-home setups. Step outside to enjoy the above-ground pool, a covered two-car carport, and a charming barn-style shed with a metal roof—ideal for storage or a little workshop. With a flat, open lot and views of stunning sunrises and sunsets, it’s easy to imagine quiet mornings with coffee on the porch or peaceful evenings under the big Texas sky. Located in a quiet neighborhood just outside Gholson and only a 20-minute drive from shopping, dining, and medical services in Waco, this home strikes the perfect balance between peaceful rural charm and convenient access to everything you need.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$184,600Estimated Mortgage Balance
$0Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,748
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$247
$96,290
2025
N/A
$96,290
$96,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$247
$96,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Unknown
$184,600
No
First
May 14, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,700
N/A
0%
133%
$2,214/mo

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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221 Rio Rim Rd | Property Details | No Agent List