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$609,000

306 Kash Derrick Dr, China Spring, TX, 76633

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,013 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$310.48 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Ice Maker, Convection Oven

Exterior

Lot Size6.35 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces5

Land Information

APN180253000005210
Lot Number21
SubdivisionHills Childress Creek
Land UseAgriculture / Farming
Legal DescriptionHILLS CHILDRESS CREEK LOT 21 BLOCK E ACRES 6.35
Census Tract004102
Assessed Land Value$20,500
Assessed Improvement Value$356,960
Assessment Year2025

About this property

Experience the best of country living in this beautifully updated home at 306 Kash Derrick Dr, nestled on 6.35 peaceful acres in the highly desirable Hills of Childress Creek community of China Spring. Crafted with quality and attention to detail, this single-story residence boasts well thought out living space, featuring 3 bedrooms, 2 baths, a formal dining area, and a versatile extra-large laundry room. The interior has been thoughtfully remodeled, showcasing crown molding, gorgeous imported Birch wood flooring, high-end fixtures, and a cozy fireplace with top-grade gas logs. The chef’s kitchen is equipped with state-of-the-art appliances, custom cabinetry, a Wolf gas cooktop, Sub-Zero refrigerator, and a touch-technology faucet—perfect for both family meals and entertaining guests.Enjoy seamless indoor-outdoor living: gather in the spacious living and dining areas or step out to the large covered back patio, where a relaxing hot tub awaits, providing the perfect spot to soak in the serene views and watch deer and local wildlife wander by in this tranquil, wildlife-managed subdivision. Additional highlights include a well-built, foam-insulated shop (approx. 1,475 sq ft) with water, electricity, and HVAC—ideal for hobbies, storage, or a home business. You'll appreciate the sense of community, top-rated China Spring ISD schools, and the convenience of being just minutes from Waco’s shopping, dining, and attractions. Don’t miss your chance to enjoy a rare blend of quiet country life and modern luxury at 306 Kash Derrick Dr. This is truly a home where comfort, style, and natural beauty come together perfectl

Investor Tools

Property Icon
$609,000
Estimated Property Value
$550,559Estimated Mortgage Balance
$60,828Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,755
$377,460
2025
$20,500
$356,960
$484,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,755
$377,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$550,559
Yes
First
Feb 20, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$548,172
$60,828
9%
90%
$3,301/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,070/mo
$3,376/mo
$-2,306/mo
2.1%

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: China Spring

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306 Kash Derrick Dr | Property Details | No Agent List