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$225,000

3509 Katy Ln, Waco, TX, 76705

Under ContractInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.69 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size14,100 sqft

Building Information

Year Built1937
Stories1
Roof Type105
Garage Spaces1

Land Information

APN280355000003001
Lot Number5,4B
SubdivisionMcgees Katy Shop Hts
Land UseResidential
Legal DescriptionMCGEES KATY SHOP HTS LOT 4B 5 BLOCK 1 ACRES .3237
Census Tract001700
Assessed Land Value$9,630
Assessed Improvement Value$49,410
Assessment Year2025

About this property

Move-in ready and beautifully remodeled, this 3-bedroom, 2-bath home on a spacious corner lot is ready for its new owners! A fresh concrete driveway and sidewalk create inviting curb appeal as you arrive. Inside, you'll find soaring vaulted ceilings and luxury vinyl plank flooring throughout, creating a bright and inviting atmosphere. The kitchen features an island with quartz countertops, blending style and functionality. Step outside to a good-sized storage shed, offering extra space for tools, lawn equipment, or hobbies. Thoughtfully updated from top to bottom, this home offers modern finishes and stylish design in an established neighborhood. Don't miss your opportunity to make this beautiful home yours!

Investor Tools

Property Icon
$127,000
Estimated Property Value
$0Estimated Mortgage Balance
$127,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Anel Perales

EG Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,169
$59,040
2025
$9,630
$49,410
$59,040
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,169
$59,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$127,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$787/mo
N/A
+$787/mo
7.4%

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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3509 Katy Ln | Property Details | No Agent List