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$188,000

4701 Meyers Ln, Waco, TX, 76705

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,000 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$110 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesMicrowave, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Vinyl

Exterior

Lot Size1.31 acres

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN280721200001000
Lot Number1
SubdivisionR E Smiley
Land UseResidential
Legal DescriptionR E SMILEY LOT 1 BLOCK 1 ACRES 1.314
Census Tract001700
Assessed Land Value$22,070
Assessed Improvement Value$132,350
Assessment Year2025

About this property

Unique set up featuring 3 separate buildings on over an acre of land with utilities and sewer connections in place. The large shop features a concrete slab, electricity and roll up door, and 2 separate living quarters or office space depending on the Buyers intentions round out the property's inclusions.

Investor Tools

Property Icon
$188,000
Estimated Property Value
$525,000Estimated Mortgage Balance
$0Estimated Equity
-179% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,128 /month
Positive
Cash Flow Estimate:
$376 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,106
$154,420
2025
$22,070
$132,350
$154,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,106
$154,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Guaranty Bank
Commercial
$525,000
No
First
Feb 11, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$472,070
N/A
0%
251%
$3,148/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$787/mo
$3,148/mo
$-2,361/mo
5.0%

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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4701 Meyers Ln | Property Details | No Agent List