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B+
NoAgentList RatingHow are grades calculated?Info
Days58Days on Market
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$289,000

5501 Lake Charles Drive, Waco, TX, 76710

$317,783 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,179 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.63 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size16,152 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070056003
Lot Number6
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 6 BLOCK 5 ACRES .3708
Census Tract002600
Assessed Land Value$39,890
Assessed Improvement Value$366,510
Assessment Year2025

About this property

Classic Brick Beauty with Dual Private Suites & Expansive Yard, an inviting 4-bedroom, 3-bathroom home nestled on a spacious, tree-shaded lot. This classic brick residence boasts timeless curb appeal, complemented by mature landscaping, a welcoming front entry, and a well-maintained lawn. Inside, you’ll find a versatile layout featuring both a formal living room and formal dining area—perfect for entertaining—along with a comfortable den ideal for everyday living or relaxing evenings at home. Two of the four bedrooms feature their own private en-suite bathrooms, offering added comfort and flexibility for guests or multi-generational living. The generous floor plan provides space for a variety of lifestyles, whether you need room for family, guests, or a home office setup. Step outside to enjoy the backyard, complete with a storage shed for added convenience and functionality. Surrounded by established trees, the outdoor space offers privacy and room to personalize. Conveniently located in an established neighborhood, this property combines space, character, and practicality—ready for its next owner to make it their own. Welcome to 5501 Lake Charles Drive in Waco, TX—

Investor Tools

$171,317Estimated Mortgage Balance
$217,445Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$317,782
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,333 /month
Positive
Cash Flow Estimate:
$778 /month

Interested in this property?

Kimberly Fowler

RE/MAX Roya

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,163
$388,762
2025
$39,890
$366,510
$406,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,163
$388,762

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelity Bank Of Texas
Unknown
$182,490
No
First
Dec 28, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,317
$217,445
55%
44%
$2,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$2,024/mo
$-670/mo
4.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5501 Lake Charles Drive | Property Details | No Agent List