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$343,050

NAL Estimated Property Value

5401 Lake Highlands Dr, Waco, TX, 76710

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.66 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Water Heater, Microwave

Exterior

Lot Size20,404 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070171003
Lot Number1
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 1 BLOCK 14 ACRES .4684
Census Tract002600
Assessed Land Value$43,260
Assessed Improvement Value$299,790
Assessment Year2025

About this property

Situated on a tree-lined corner lot, this home offers four bedrooms and two bathrooms, complemented by two spacious living areas. Features include built-in bookshelves, gas fireplace logs, and vaulted wood beam ceilings, creating an inviting atmosphere. The modern kitchen boasts granite countertops, updated stainless steel appliances, a solid surface cooktop, under-cabinet lighting, a breakfast bar, and a dedicated breakfast room. A laundry room with built-in cabinetry provides added convenience. Additional amenities consist of an alarm system, separate office or mother-in-law suite with a full bath, a rear primary bedroom featuring a large walk-in closet, and two guest rooms served by a bathroom with dual vanities. The .47-acre lot includes a rear entry garage with electric gate, extra parking suitable for a boat or camper, storage shed, sprinkler system and a powered 12 x 16 workshop with air conditioning. The seller is offering a $10,600 foundation allowance at closing with an acceptable offer. A Waco Foundation bid is on file, accompanied by a lifetime warranty on all work performed. This home is being sold as is with a foundation allowance.

Investor Tools

Property Icon
$343,050
Estimated Property Value
$261,311Estimated Mortgage Balance
$81,739Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,058 /month
Positive
Cash Flow Estimate:
$686 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,031
$343,050
2025
$43,260
$299,790
$343,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,031
$343,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$264,000
No
First
Oct 15, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,311
$81,739
23%
76%
$1,583/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$1,583/mo
$-229/mo
4.7%

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.

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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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5401 Lake Highlands Dr | Property Details | No Agent List