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$249,900

3317 Mitchell Rd, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,628 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.5 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Vented Exhaust Fan

Exterior

Lot Size18,121 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480379000032003
Lot Number1B
SubdivisionSligh S J Tr
Land UseResidential
Legal DescriptionSLIGH S J TR LOT 1B BLOCK 3 ACRES .416
Census Tract002800
Assessed Land Value$22,830
Assessed Improvement Value$147,170
Assessment Year2025

About this property

Historic character and charm describe 3317 Mitchell Road well, which is situated in the Landon Branch area of Waco on some of the best kept secret streets in Waco! Homes in this area sit among mature trees on sprawling lots, creating a unique sense of privacy while remaining minutes from all that the heart of Waco has to offer. This 3 bedroom, 2 bathroom home has kept the character and charm of its original design while featuring updates throughout, such as plank flooring throughout, renovated bathrooms, and a renovated kitchen. The kitchen includes quartz countertops, stainless steel appliances, and plenty of cabinetry storage. The windows provide not only natural light but a beautiful view to the large backyard from the kitchen, dining, and living area. Run wild in the heavily shaded backyard, start a big garden, or just relax on the deck! Also, the detached garage provides for a perfect workshop and fantastic storage for equipment.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$235,653Estimated Mortgage Balance
$747Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,835
$170,000
2025
$22,830
$147,170
$170,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,835
$170,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Fha
$235,653
Yes
First
Oct 2, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,253
$747
0%
100%
$1,413/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,413/mo
$-83/mo
6.8%

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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3317 Mitchell Rd | Property Details | No Agent List