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B+
NoAgentList RatingHow are grades calculated?Info
Days174Days on Market
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$299,000

$317,000

4600 Cedar Mountain Drive, Waco, TX, 76708

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,655 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.66 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Vented Exhaust Fan
FlooringTile, Vinyl

Exterior

Lot Size11,461 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480401020018004
Lot Number4
SubdivisionTanglewood
Land UseResidential
Legal DescriptionTANGLEWOOD LOT 4 BLOCK 3 ACRES .2631
Census Tract003000
Assessed Land Value$32,100
Assessed Improvement Value$219,170
Assessment Year2025

About this property

Welcome to 4600 Cedar Mountain Drive in Waco — a completely remodeled 3 bedroom, 2.5 bath home offering 1,760 square feet of move in ready space with no carpet throughout. The updated kitchen features a gas stove and appliances included, flowing into comfortable living areas designed for everyday life. The oversized primary suite provides plenty of room for a sitting area or workspace, while the detached garage offers flexible storage or hobby space. Located just minutes from McLennan Community College and only 10 minutes to Baylor University, this home combines modern updates, functional space, and an unbeatable location. Prime spot near schools, shops, and eateries in a friendly, established community.

Investor Tools

$301,582Estimated Mortgage Balance
$12,418Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,884 /month
Positive
Cash Flow Estimate:
$628 /month

Interested in this property?

Jennifer McCaslin

Kelly, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,506
$251,270
2025
$32,100
$219,170
$251,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,506
$251,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Fha
$325,986
Yes
First
Jun 8, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,582
$12,418
3%
96%
$1,955/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,955/mo
$-625/mo
5.1%

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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4600 Cedar Mountain Drive | Property Details | No Agent List