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$290,000

3224 Risinger Rd, Waco, TX, 76655

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,702 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.39 / sqft
Year BuiltBuilt in 2020

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Oven
FlooringVinyl

Exterior

Lot Size6,621 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362522310022070
Lot Number7
SubdivisionPark Meadows Addn Ph 2
Land UseResidential
Legal DescriptionPARK MEADOWS ADDN PH 2 LOT 7 BLOCK 22 ACRES .152
Census Tract003708
Assessed Land Value$39,070
Assessed Improvement Value$256,860
Assessment Year2025

About this property

Located in the Park Meadows community of Lorena, Texas, this 2020-built home stands out with finishes and features that go beyond the typical new build. Pendant lights bring a custom feel to the kitchen, and the open layout flows naturally into the living area anchored by a fireplace — one of the few homes in this neighborhood and price range that has one. A separate dining room adds everyday functionality, and both bathrooms feature tile flooring throughout. The upgraded laundry room is a noticeable step above standard builder spec, and a bonus hallway closet provides extra storage you will actually use. Enjoy walkable access to a neighborhood park with a dedicated pedestrian path, all within minutes of highly rated Midway ISD schools, major shopping, and local restaurants.

Investor Tools

$186,135Estimated Mortgage Balance
$109,795Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,076
$295,930
2025
$39,070
$256,860
$295,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,076
$295,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Fha
$206,598
Yes
First
Apr 13, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,135
$109,795
37%
63%
$1,239/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,424/mo
+$116/mo
6.2%

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.

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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3224 Risinger Rd | Property Details | No Agent List