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$65,000

261 Rocky Dr, Waxahachie, TX, 75167

$84,500 ARVInfo
Off MarketInfo
Baths1,540 Sq Ft
price_per_sqft$191.56 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

About this property

Multiple Offers Received, highest and best due by Monday May 4th at 2pm! Opportunity, flexibility, and a peaceful country setting come together at 261 Rocky Drive. This .879-acre lot offers a rare chance to create something new on a property that already has a head start. A previous home once stood on the land, and while the structure is no longer there, the property still has electrical, water, and septic in place, giving buyers a meaningful advantage as they explore future building or placement options. Tucked away in the county, this property offers the freedom and breathing room many buyers are looking for without giving up convenience. Whether you are dreaming of building a custom home, placing a manufactured home, creating a weekend retreat, or simply securing a piece of land with existing infrastructure, this lot offers a strong foundation for the next chapter. The property backs up to a creek, adding a natural backdrop and a sense of privacy that is hard to find at this size and price point. Enjoy quiet surroundings, mature natural scenery, and the feel of country living, all while remaining less than five minutes from I-35 for easy access to Waxahachie, Dallas, Waco, and surrounding areas. With nearly an acre of land, existing utility improvements, no city setting, and a convenient location near a major travel corridor, this property offers a compelling blend of practicality and possibility. Bring your vision, your builder, or your plans, and take advantage of a lot that is ready for someone to make it beautiful again.

Investor Tools

Property Icon
$295,000
Estimated Property Value
$0Estimated Mortgage Balance
$295,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$84,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32
$10,487
2024
N/A
$66,161
$66,161
No

Tax History

Year
Tax Paid
Assessed Value
2018
$32
$10,487

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$295,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Waxahachie

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261 Rocky Dr | Property Details | No Agent List