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B+
NoAgentList RatingHow are grades calculated? Info
Days10Days on Market
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$325,000

$344,900

406 Cindy Ln, Lorena, TX, 76655

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$232.14 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size1 acre

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN300870250001000
Lot Number1
SubdivisionTedeschi Addition
Land UseReal, Residential Single-Family
Legal DescriptionTEDESCHI ADDITION LOT 1 BLOCK 1 ACRES 1.0
Census Tract003801
Assessed Land Value$32,380
Assessed Improvement Value$230,820
Assessment Year2025

About this property

Rare opportunity to own a total of 2 acres in Lorena, featuring a 3-bedroom, 2-bath home, an attached 2-car garage, and an adjoining 1-acre lot being sold together as one package. The additional lot already has water and sewer hookups in place, providing exceptional flexibility for future expansion, additional improvements, investment potential, or simply added privacy and space. Located adjacent to Lorena ISD campuses and shaded by mature trees, this property combines the convenience of town with the freedom of country living. Inside, you'll find a welcoming floor plan featuring a dedicated foyer, spacious dining area, comfortable living room centered around a beautiful two-sided brick fireplace, and a functional kitchen with easy access to the outdoor living space. The oversized primary suite is complete with an ensuite bath and walk-in closet, while two secondary bedrooms and a full hall bath provide comfortable accommodations for family and guests. Step outside to enjoy the covered patio overlooking the property and the endless possibilities that come with 2 acres. Whether you're dreaming of a large garden, keeping horses or chickens, creating a hobby farm, or simply enjoying extra room to roam, this property offers the flexibility to make it your own. Additional improvements include a storage shed and a one-stall barn, making it well-suited for animals, projects, and equipment storage. Conveniently located with easy access to I-35 and just minutes from Waco, this unique property offers a rare combination of acreage, utilities, animal-friendly space, and a prime Lorena location.

Investor Tools

Property Icon
$271,000
Estimated Property Value
$101,508Estimated Mortgage Balance
$143,756Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Cody Berry

Graceland Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,318
$258,071
2025
$32,380
$230,820
$263,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,318
$258,071

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$101,508
No
First
Jul 8, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,244
$143,756
53%
47%
$849/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$849/mo
+$691/mo
6.8%

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: Lorena

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406 Cindy Ln | Property Details | No Agent List