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$247,000

NAL Estimated Property Value

5002 Meyers Ln, Waco, TX, 76705

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,276 Sq Ft
price_per_sqft$195.85 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Gas Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces4

Land Information

APN200885000123000
SubdivisionWalker Jacob
Land UseResidential
Legal DescriptionWALKER JACOB TRACT 17C ACRES 1.0
Census Tract001700
Assessed Land Value$35,550
Assessed Improvement Value$186,620
Assessment Year2025

About this property

Welcome Home! This charming property sits on a spacious 1-acre lot, offering the peace and privacy of country living while still being just minutes from grocery stores, shopping, and dining! The home features 3 bedrooms plus a large bonus room—perfect for a home office, game room, or an extra bedroom to suit your needs. Outside, you’ll find two carports and a garage, giving you plenty of covered parking and storage space. The property is fully fenced, making it ideal for pets, play, or simply enjoying your own private slice of Texas. Don’t miss this opportunity to enjoy the best of both worlds—quiet country charm with the convenience of town right around the corner!

Investor Tools

Property Icon
$247,000
Estimated Property Value
$48,131Estimated Mortgage Balance
$198,869Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,963
$222,170
2025
$35,550
$186,620
$222,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,963
$222,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
National Bank
Unknown
$67,500
No
First
Aug 29, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,131
$198,869
80%
19%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
6.3%

City: Waco

5002 Meyers Ln | Property Details | No Agent List