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A+
NoAgentList RatingHow are grades calculated? Info

$299,000

5506 Lake Highlands Dr, Waco, TX, 76710

$334,732 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,809 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.44 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Double Oven, Refrigerator, Vented Exhaust Fan
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size16,379 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266070247000
Lot Number9
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 9 BLOCK 18 ACRES .376
Census Tract002600
Assessed Land Value$40,130
Assessed Improvement Value$333,270
Assessment Year2025

About this property

Wonderful 4/3 home located close to shopping, schools, and churches. Sitting on a large treed, corner lot, this handicap accessible home features an isolated 4th bedroom and bath which could be great guest or in law suite, or private office. After entering the home from the gated court yard, the formal living and formal dining rooms are located to the right of the spacious entry hall. The oversized living room features a wood burning fireplace, vaulted ceiling, built in bookcases and mirrored shelves, as well as French doors leading out to the spacious back yard and patio areas. The kitchen has double stainless steel appliances, granite counter tops, and breakfast area with bay window. The island with granite counter top is lower to accommodate a wheelchair. The Jack and Jill bath with tub/shower is located between the 2nd and 3rd bedrooms. The master suite has handicap accessible oversized tiled shower and his and her closets. Solid surface flooring is throughout the home .The French door opens out to a large covered patio and sidewalks that wrap around the back of the house, allowing lots of freedom of movement for wheel chairs under the covered patio areas. This large covered patio and patio areas are great for enjoying the large back yard. There is also a concrete area off the garage that provides room for camper or boat.

Investor Tools

Property Icon
$373,400
Estimated Property Value
$0Estimated Mortgage Balance
$373,400Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$334,732
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,240 /month
Positive
Cash Flow Estimate:
$747 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,147
$373,400
2025
$40,130
$333,270
$373,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,147
$373,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$373,400
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
4.2%

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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5506 Lake Highlands Dr | Property Details | No Agent List