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$286,400

NAL Estimated Property Value

2218 Waverly Dr, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,702 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.2 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,600 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36068000130120000
Lot Number12
SubdivisionMillbrook
Land UseResidential
Legal DescriptionMILLBROOK PH 2 BLK 13 LT 12 INT202300082607 DD04282023 CO-DC 0680001301200 4CN06800013
Census Tract016806
Assessed Land Value$60,000
Assessed Improvement Value$226,400
Assessment Year2025

About this property

Boasting an abundance of natural light, vaulted ceilings and a wonderful floor plan. 2218 Waverly Drive offers over 1700 square feet. Upon entrance you will notice the architectural design columns, vaulted ceilings, formal dining and living areas and natural light. The luxury vinyl plank leads you into the inviting second living area that is anchored by the unique brick fireplace with custom shelving and vaulted ceilings. The kitchen is just around the corner boosting stainless steel appliances, gas range, designer picked quartz countertops and convenient breakfast nook. The primary bedroom offers tall ceilings, enough room for a sitting area and a bay of windows that floods the room with light. The double doors lead to the primary bath where you can expect double sinks, separate shower and bathtub. Rear entry garage, back yard and patio. Located minutes from shopping, restaurants and access to a major highway. A must see before its gone!

Investor Tools

Property Icon
$286,400
Estimated Property Value
$277,883Estimated Mortgage Balance
$8,517Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$591/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,654
$286,400
2025
$60,000
$226,400
$286,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,654
$286,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$294,566
Yes
First
Apr 13, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,883
$8,517
2%
97%
$1,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,767/mo
+$205/mo
8.3%

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: Lancaster

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2218 Waverly Dr | Property Details | No Agent List