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$148,000

NAL Estimated Property Value

620 Faulkner Ln, Waco, TX, 76704

SoldInfo
7/13/26
Beds3 Beds
Baths2 Bath
Baths971 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.38 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Gas Water Heater
FlooringCarpet, Wood

Exterior

Lot Size7,139 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480078020016008
Lot Number6
SubdivisionCarver Park
Land UseResidential
Legal DescriptionCARVER PARK LOT 6 BLOCK 2 ACRES .1639
Census Tract001401
Assessed Land Value$12,570
Assessed Improvement Value$133,170
Assessment Year2025

About this property

Solid brick home with a layout that just makes sense. Spacious living area up front with large windows that bring in great natural light. Neutral colors throughout so it’s easy to make it your own. The kitchen has freshly painted cabinets, new stainless steel gas range, a new stainless steel dishwasher, and plenty of cabinet space. The hall bathroom features a tiled walk-in shower. The main bedroom suite has it's own bathroom with washer & dryer connections. This home also features a 1 car garage, privacy-fenced backyard, and two storage sheds! Don't let this affordable home get away and secure an appointment today!

Investor Tools

Property Icon
$148,000
Estimated Property Value
$8,847Estimated Mortgage Balance
$139,153Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$899 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,207
$145,740
2025
$12,570
$133,170
$145,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,207
$145,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Credit Line (Revolving) / Heloc
$20,000
No
First
Oct 21, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,847
$139,153
94%
6%
$120/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$120/mo
+$1,187/mo
10.6%

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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620 Faulkner Ln | Property Details | No Agent List