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$311,000

560 S Katy Road, Elm Mott, TX, 76640

Off MarketInfo
Baths0 Bath
Baths1,756 Sq Ft
RanchRanch
Year BuiltBuilt in 1922

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling

Exterior

Lot Size339.47 acres

Building Information

Year Built1922
Stories1
Roof Type105

Land Information

APN200077000057004
SubdivisionBurton Samuel A-77
Land UseAgriculture / Farming
Legal DescriptionBURTON SAMUEL (A-77) 231.331 AC, MOORE MORRIS (A-28) 108.139 AC, TOTAL 339.47 AC (A-77) 231.331 AC, MOORE MORRIS (A-28) 108.1
Census Tract003402
Assessed Land Value$46,370
Assessed Improvement Value$142,990
Assessment Year2025

About this property

Located just a few miles from Waco's city limits, this 339.47-acre tract of land in McLennan County is ideal for a future investment opportunity, ranch retreat, or both. The property is situated in Waco's ETJ and Connally ISD, next to Connally's Primary School, and less than ½ mile off Interstate-35. With trees, stock tanks, and barn(s), a large part of white water creek runs through the land, while the back portion is heavily wooded with rolling topography and wildlife. The old house on the property is in disrepair and will need to be torn down—seller to retain mineral rights. Currently leased year to year (Jan-Dec) for cattle grazing on a portion of the property, this land is now under ag exemption. A Survey of land is available.

Investor Tools

Property Icon
$311,000
Estimated Property Value
$0Estimated Mortgage Balance
$311,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,320 /month
Positive
Cash Flow Estimate:
$6,440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$373
$189,360
2025
$46,370
$142,990
$1,865,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$373
$189,360

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$311,000
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
5.0%

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: Elm Mott

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560 S Katy Road | Property Details | No Agent List