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$342,000

2316 Hermanson Dr, Waco, TX, 76710

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,964 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.3 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesGas Water Heater
FlooringLaminate, Tile

Exterior

Lot Size9,148 sqft

Building Information

Year Built1958
Stories1
Roof Type105

Land Information

APN480266030293004
Lot Number10
SubdivisionLake Shore Hills
Land UseResidential
Legal DescriptionLAKE SHORE HILLS LOT 10 BLOCK 18 ACRES .21
Census Tract002600
Assessed Land Value$23,600
Assessed Improvement Value$279,050
Assessment Year2025

About this property

Modern kitchen with large apron sink, matte black fixtures and custom charcoal/ white cabinets. The breakfast bar is placed at a angle to overlook the open floor plan to both the dining and living room. Dining room features a complimentary board and batten charcoal accent. Expansive master bedroom with custom tiled en-suite. Floating, natural wood double vanity also with black fixtures. Seller is a licensed Texas Realtor.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$267,760Estimated Mortgage Balance
$84,280Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$536/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,721
$302,650
2025
$23,600
$279,050
$302,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,721
$302,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$267,760
No
First
Apr 16, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,720
$84,280
24%
75%
$1,606/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,606/mo
$-299/mo
4.6%

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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2316 Hermanson Dr | Property Details | No Agent List