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$346,000

NAL Estimated Property Value

3128 Risinger Road, Waco, TX, 76655

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,902 Sq Ft
price_per_sqft$184.02 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Lot Size9,017 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362522310019280
Lot Number28
SubdivisionPark Meadows Addn Ph 2
Land UseResidential
Legal DescriptionPARK MEADOWS ADDN PH 2 LOT 28 BLOCK 19 ACRES .207
Census Tract003708
Assessed Land Value$47,160
Assessed Improvement Value$282,920
Assessment Year2025

About this property

Welcome to the perfect home in the sought-after Park Meadows community! Featuring 3 bedrooms, 2 full bathrooms, and a flex room, it’s designed to accommodate convenience and functionality. The kitchen boasts ample storage space, stainless steel appliances, and granite counter tops that cater to both everyday living and special occasions. The expansive primary suite is your private retreat — complete with a spa-style bath, dual vanity, separate shower and tub, and a large walk-in closet. Two additional well-appointed bedrooms provide plenty of room for family, guests, or remote work. Additionally, a flex room located at the front entry adds valuable extra space, ideal for a home office, playroom, workout area, or formal dining. Outside, the generous sized backyard on a rare over-sized corner lot is ideal for barbeques, playtime, or simply kicking back under the Texas sky. Located just minutes from major shopping, dining, and easy access to I-35, you’ll appreciate the blend of peace and connectivity. Don’t miss your chance to make this exceptional property your next home. Schedule your private showing today to experience it's southern charm in person and learn about the 3.7% VA assumable rate!

Investor Tools

Property Icon
$346,000
Estimated Property Value
$216,404Estimated Mortgage Balance
$129,596Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
$20/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$330,080
2025
$47,160
$282,920
$330,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$330,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Va
$239,725
Yes
First
Apr 14, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,404
$129,596
37%
63%
$1,438/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,458/mo
+$82/mo
5.3%

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.

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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: Waco

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3128 Risinger Road | Property Details | No Agent List