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$376,000

NAL Estimated Property Value

5108 Lake Highlands Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,129 Sq Ft
price_per_sqft$197.23 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Vented Exhaust Fan
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size13,325 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070261001
Lot Number8
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 8 BLOCK 19 ACRES .3059
Census Tract002600
Assessed Land Value$37,580
Assessed Improvement Value$297,750
Assessment Year2025

About this property

Just in time for the Texas summer! Beat the HEAT in your own backyard oasis with stunning in ground POOL. Recently resurfaced with low maintenance Pebble Tech finish. You’ll love the remodel of this 3BR/2BA home plus two car rear entry garage in Waco’s beautiful Lake Air Estates. Such a convenient location! Step inside this painted brick beauty and you’ll find new light wood laminate flooring, fresh neutral paint throughout, spacious living/dining with massive windows letting in natural light, and a wall of built-in cabinetry. The living/dining is open to the den with cozy gas log fireplace, large hearth – great for extra seating and built-ins. Enjoy cooking in the updated kitchen with Quartz counters, stylish backsplash, farm sink, updated fixtures and new appliances including a 36” inch stainless range. The built-in banquette is sure to be a favorite spot for coffee or dinners overlooking the backyard. Laundry gets a little better in the separate room with its cute fixtures, tons of cabinetry and farm sink. Spacious primary suite features an updated bath with new marble vanity, fixtures, mirrors, and stunning tiled shower. The guest bath has also been updated with marble vanity, fixtures, subway tile bath surround and patterned tile floor. The 3rd bedroom would make a great office or living area with built-ins and a sliding glass door to the backyard. Roof replaced in May 2023, sprinkler system, mature landscaping and a new privacy fence on the side with driveway gate. Agent related to owners.

Investor Tools

Property Icon
$376,000
Estimated Property Value
$398,158Estimated 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
$2,519 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,797
$335,330
2025
$37,580
$297,750
$335,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,797
$335,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tfnb Your Bank For Life
Purchase Money Mortgage
$419,900
No
First
Jul 21, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,158
N/A
0%
106%
$2,518/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$2,518/mo
$-1,164/mo
4.3%

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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5108 Lake Highlands Dr | Property Details | No Agent List