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NoAgentList RatingHow are grades calculated? Info

$297,879

308 Morene Ave, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$300,000 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,668 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.4450.000.237.00.112
SubdivisionGingerbread Village Ph 1 & 2
Land UseResidential
Legal Description237 GINGERBREAD VILLAGE PHII REV
Census Tract060300
Assessed Land Value$60,000
Assessed Improvement Value$237,879
Assessment Year2025

About this property

Cute and clean home available NOW within Gingerbread Village of Waxahachie. Home features living area open to the kitchen, Built-in Gas Range, Dishwasher, Disposal, Plumbed For Gas in Kitchen, Plumbed for Ice Maker, Vented Exhaust Fan, gas dryer connection, and a Gas Water Heater. The master bathroom was remodeled recently for safety of entering and exiting the shower and tile has some non-slip ratings. Radiant barrier decking in attic! This home has a freshly painted interior 6-21-22 and the carpet to be cleaned soon. The doorbell can stay with homeowner if desired.

Investor Tools

Property Icon
$297,879
Estimated Property Value
$232,000Estimated Mortgage Balance
$81,691Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,974
$297,879
2025
$60,000
$237,879
$297,879
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,974
$297,879

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Low Va Rates Llc
Unknown
$232,000
No
First
Sep 29, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,188
$81,691
27%
73%
$1,391/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,391/mo
+$581/mo
7.9%

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: Waxahachie

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308 Morene Ave | Property Details | No Agent List