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$551,000

5110 Lockwood Dr, Waco, TX, 76710

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,638 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$242.57 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Disposal, Microwave, Vented Exhaust Fan
FlooringTile, Vinyl

Exterior

Lot Size10,803 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266020045008
Lot Number1
SubdivisionLake Oaks
Land UseResidential
Legal DescriptionLAKE OAKS LOT 1 BLOCK F ACRES .248
Census Tract002600
Assessed Land Value$34,680
Assessed Improvement Value$419,520
Assessment Year2025

About this property

Welcome to 5110 Lockwood Drive! Tucked away in the sought after Lake Oaks neighborhood of Waco, Texas, this mid-century modern masterpiece awaits its third discerning owner. This sprawling one story home is situated on nearly a quarter of an acre, with centuries-old live oaks. Enter through the private courtyard, and step into the sunken living room, where a grand, angular wood-burning fireplace takes center stage. The kitchen seamlessly unfolds into a spacious dining area and two flexible-use spaces that open to the back yard. An oversized and private bedroom suite is just steps away, and could easily be used as a game room, home office, or mother-in-law's quarters. The primary bedroom is a haven of comfort and relaxation, featuring a private patio, an abundance of storage, dual vanities, and a generously-sized walk-in shower. You'll love the harmonious blend of original design elements, including cabinetry and built-ins, distinctive tile, and terrazzo flooring - alongside modern updates such as newer windows, lighting, flooring, paint, and roofing. Don't miss this opportunity to own a piece of history and an experience in artful living!

Investor Tools

Property Icon
$551,000
Estimated Property Value
$603,753Estimated Mortgage Balance
$0Estimated Equity
-10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,839 /month
Positive
Cash Flow Estimate:
$1,280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$862/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,588
$454,200
2025
$34,680
$419,520
$454,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,588
$454,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Va
$603,753
Yes
First
Nov 25, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$598,490
N/A
0%
109%
$3,620/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$3,620/mo
$-2,266/mo
2.9%

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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