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$274,900

305 Elmwood Drive, Waco, TX, 76712

$308,779 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,129 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.12 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Concrete, Linoleum, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size12,750 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces2

Land Information

APN364070000074007
Lot Number5
SubdivisionWestern Hills
Land UseResidential
Legal DescriptionWESTERN HILLS LOT 5 BLOCK 4 ACRES .2927
Census Tract002900
Assessed Land Value$35,060
Assessed Improvement Value$211,500
Assessment Year2025

About this property

If you're looking for room to spread out without stretching the budget, this home deserves a closer look! This 3 bedroom, 2 bath home offers a setting that feels established, shaded, and welcoming from the start. Inside, the living area centers around a wood burning fireplace, adding warmth and character to the heart of the home. The updated kitchen features granite countertops, a breakfast area, and a comfortable layout that works well for everyday meals or casual gatherings. The large bonus room adds valuable extra space and could easily serve as a 4th bedroom, second living area, or game room. Outside, the covered back patio opens to a large privacy fenced backyard with plenty of space to enjoy the shade of the mature trees. A storage building adds extra room for tools, lawn equipment, or outdoor items. Don't wait too long to schedule your showing because this home is priced to sell!

Investor Tools

$241,497Estimated Mortgage Balance
$54,503Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$308,778
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

Interested in this property?

Kristi Baker

Bentwood Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,008
$246,560
2025
$35,060
$211,500
$246,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,008
$246,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Va
$264,957
Yes
First
Sep 17, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,497
$54,503
18%
82%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,520/mo
$1,589/mo
$-69/mo
6.2%

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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