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$396,520

NAL Estimated Property Value

609 Wheatland Dr, Waco, TX, 76657

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,135 Sq Ft
price_per_sqft$191.99 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesLighting, Storage
Lot Size15,499 sqft

Building Information

Year Built1991
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362433000003006
Lot Number3
SubdivisionMeadowland Est
Land UseResidential
Legal DescriptionMEADOWLAND EST LOT 3 BLOCK 1 ACRES .3558
Census Tract003902
Assessed Land Value$49,760
Assessed Improvement Value$346,760
Assessment Year2025

About this property

Beautifully Updated Home in Midway ISD! Move-in ready and full of charm, this spacious 3-bedroom, 2-bath home offers generously sized rooms throughout and sits on a large .35-acre lot. The kitchen is a standout with granite countertops, a center island and pantry—perfect for both everyday living and entertaining. Recent upgrades include new energy-efficient windows (2022), fresh interior paint, new carpet and wood flooring, and new HVAC system for year-round comfort. Outside, enjoy a fully fenced backyard with plenty of space to play or relax. The oversized garage features epoxy flooring, adding both style and durability. Located in the highly sought-after Midway ISD, this home is zoned to South Bosque Elementary and River Valley Intermediate. Don’t miss your chance to own this beautifully maintained home with thoughtful updates throughout!

Investor Tools

Property Icon
$396,520
Estimated Property Value
$0Estimated Mortgage Balance
$396,520Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,459 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$692/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,319
$396,520
2025
$49,760
$346,760
$396,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,319
$396,520

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$396,520
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,510/mo
N/A
+$1,510/mo
4.6%

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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609 Wheatland Dr | Property Details | No Agent List