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$399,312

NAL Estimated Property Value

2605 Mount Carmel Dr, Waco, TX, 76710

$410,821 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,862 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.07 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Microwave
FlooringCarpet, Concrete, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size16,000 sqft

Building Information

Year Built1947
Stories1
Roof Type183
Garage Spaces2

Land Information

APN480438030023007
Lot Number2
SubdivisionWestbury Hills
Land UseResidential
Legal DescriptionWESTBURY HILLS LOT 2 BLOCK 3 ACRES .3673
Census Tract002600
Assessed Land Value$39,680
Assessed Improvement Value$359,632
Assessment Year2025

About this property

PRICE REDUCED! Fantastic mid-century modern bungalow in the heart of Waco! This eclectic home with over 2800 SF of living space nearly disappears from view as you drive by due to the landscaping and unique flat roof. Behind the gated entry is your own secret garden with room to relax on the patio and enjoy the butterflies and birds that visit frequently. The lovely view carries into the main living room thanks to a wall of floor-to-ceiling windows and wraps around the house to a second patio area in the rear. Inside, an isolated master bedroom is also filled with natural light and has an adjacent bathroom with tub/shower combo and double sinks. The kitchen was remodeled in 2015 by the previous owner to include granite countertops and stainless appliances. TWO additional living areas offer the flexibility to be used as a dining area, game room, office, or home classroom. An additional enclosed patio is perfect for a home gym or hobby space. Three additional rooms and a bathroom on one side of the home have been used by the present owners as an Airbnb with great success. The area can be separated from the kitchen by a pocket door for privacy. The exterior of the home features Hardie siding for durability and there is a large storage area adjacent to the garage for all your gardening tools. So many interesting spaces in this home - you have to see it for yourself!

Investor Tools

Property Icon
$399,312
Estimated Property Value
$293,146Estimated Mortgage Balance
$106,166Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$410,821
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,396 /month
Positive
Cash Flow Estimate:
$799 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$857/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,286
$399,312
2025
$39,680
$359,632
$399,312
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,286
$399,312

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Purchase Money Mortgage
$5,793
No
First
Sep 14, 2022
Sep 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,146
$106,166
26%
73%
$1,768/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$1,768/mo
$-414/mo
4.1%

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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2605 Mount Carmel Dr | Property Details | No Agent List