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$600,000

5001 Lake Arrowhead Drive, Waco, TX, 76710

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,858 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.94 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesDog Run, Garden
Lot Size12,393 sqft

Building Information

Year Built1968
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070285006
Lot Number11
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 11 BLOCK 20 ACRES .2845
Census Tract002600
Assessed Land Value$36,690
Assessed Improvement Value$273,310
Assessment Year2025

About this property

Still a work in progress, but now, showing off some impressively distinctive finishes, this "Lake Streets" area home is taking shape right before our eyes! ----- Bold finishes, avant garde color schemes, decadent textures, and a floorplan that might be the most flexible in all of Waco; once completed, this home will leave absolutely NOTHING to be desired! ----- The four bedroom, three bathroom layout features (2) primary suites, an additional powder room, dual dining areas, the most awesome kitchen office/craft room/walk-in pantry ever conceived and abundant natural light across this Scandinavian, minimalist modern inspired, 2,881 square foot floorplan. ----- Still to come, full stone slabs in the kitchen and primary bathroom, luxurious Kohler fixtures, high-end Fisher Paykel appliances, exterior screens and courtyard creation; and SO. MUCH. MORE. ----- If you're seeking a truly inspired residence with a unique, distinctive aesthetic located in the heart of one of Waco's most appealing neighborhoods, call or text to get the inside scoop! At this point, you can even select the remaining finishes, fixtures, and landscape design (which might even feature a reflecting pool and swimming pool!). ----- Interesting, modern, appealing, and unique; this home has no peers. If that's your cup of tea, call today!

Investor Tools

$494,215Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

Interested in this property?

Matthew McLeod

The McLeod Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$902/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,574
$310,000
2025
$36,690
$273,310
$310,000
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$8,574
$310,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tfnb Your Bank For Life
Building Or Construction Loan
$362,050
No
First
Jun 1, 2020
Jun 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,215
N/A
0%
110%
$3,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$3,248/mo
$-1,894/mo
3.6%

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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5001 Lake Arrowhead Drive | Property Details | No Agent List