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$241,000

5708 Lakemont Cir, Waco, TX, 76710

$281,989 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,955 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.88 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Gas Cooktop, Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Laminate, Other

Exterior

Lot Size14,810 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480266070128005
Lot Number23,24B
SubdivisionLake Air Est
Land UseResidential
Legal DescriptionLAKE AIR EST LOT 23 24B BLOCK 10 ACRES .34
Census Tract002600
Assessed Land Value$38,360
Assessed Improvement Value$202,640
Assessment Year2025

About this property

This updated home sits in the heart of an established neighborhood with easy access to everything Waco has to offer. Three bedrooms, with master and additional multi-purpose room, this home is nearly 2,000 square feet of open floor plan, spacious living for the family! Attached outdoor covered breezeway for patio dining or additional carport space for up to 2 vehicles, with attached one car garage with a fully fenced backyard on a nearly quarter acre, oversized lot; perfect for family outdoor entertaining. Gas stove top with dishwasher and refrigerator and double pantry, the kitchen provides a breakfast bar into the dining space leading into a spacious living room. You’re just minutes from Lake Waco for outdoor recreation, Richland Mall for shopping, and top-rated dining spots along Bosque Blvd and Highway 84. The area is also served by highly rated schools in this Mountainview Neighborhood of Lake Air Estates—making it ideal for families. H-E-B, Target, and local gyms are all within a short drive, and you’re less than 15 minutes from downtown Waco, Baylor University, and Magnolia Market. Whether you’re commuting, raising a family, or just want peace and quiet with convenience, this location delivers on all fronts!

Investor Tools

Property Icon
$241,000
Estimated Property Value
$202,500Estimated Mortgage Balance
$40,265Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,988
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,897
$241,000
2025
$38,360
$202,640
$241,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,897
$241,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Credit Line (Revolving) / Heloc
$202,500
No
First
Nov 7, 2025
Nov 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,735
$40,265
16%
83%
$1,215/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$1,215/mo
+$139/mo
6.7%

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.

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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5708 Lakemont Cir | Property Details | No Agent List