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A+
NoAgentList RatingHow are grades calculated? Info

$320,000

2432 Lake Air Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,876 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.6 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Microwave, Refrigerator, Gas Water Heater
FlooringTile, Vinyl, Wood

Exterior

Lot Size16,771 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480287020013004
Lot Number5,6B
SubdivisionMeadow Wood
Land UseResidential
Legal DescriptionMEADOW WOOD LOT 5 6B BLOCK 3 ACRES .385
Census Tract002600
Assessed Land Value$40,590
Assessed Improvement Value$227,310
Assessment Year2025

About this property

Charming find on Lake Air Drive in Mountainview Elementary's district! Located a comfortable distance near hot spots such as Target, HEB and lots of great restaurants, yet still surrounded by an established and prestigious neighborhood feel. This ready to move in 3/2 is on a nearly half acre lot filled with beautiful Live Oak trees. Checks all of the boxes: original wood flooring, crown molding, fresh paint, large kitchen with stainless steel appliances, great sized laundry room, sunroom/playroom right off of the kitchen and ample gated parking within the large, fully fenced backyard. Make yourself at home!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$190,000Estimated Mortgage Balance
$140,452Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,429
$267,900
2025
$40,590
$227,310
$267,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,429
$267,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stg Mortgage Inc
Conventional
$190,000
No
First
May 25, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,548
$140,452
43%
56%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,140/mo
+$167/mo
4.9%

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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