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$485,000

NAL Estimated Property Value

704 Salisbury Drive, Waco, TX, 76712

$509,707 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,678 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.97 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Refrigerator

Exterior

Lot Size18,252 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces2

Land Information

APN363385100003250
Lot Number25
SubdivisionVillage At Castle Park Addn Ph 1b (Pud)
Land UseResidential
Legal DescriptionVILLAGE AT CASTLE PARK ADDN PH 1B (PUD) LOT 25 BLOCK 3 ACRES .419
Census Tract002900
Assessed Land Value$95,820
Assessed Improvement Value$255,680
Assessment Year2025

About this property

This beautiful home in the sought-after Villages at Twin Rivers offers five bedrooms and 2 and a half bathrooms, providing plenty of space for comfortable family living. The inviting open-concept layout features a spacious living area with a fireplace, and a cozy breakfast nook. The primary suite is located downstairs and includes a private sitting or office area, a generous walk-in closet, and a luxurious ensuite l-appointed kitchen with elegant granite countertops and top-of-the-line stainless steel appliances, including a double oven. Upstairs, you'll find four additional bedrooms, a full bathroom, and a versatile living, game area ideal for relaxation or play. Outside, the covered patio overlooks a very large, peaceful backyard enclosed by a privacy fence, offering a perfect retreat for outdoor gatherings. The home also includes a three-car garage, providing ample space for vehicles, storage, and hobbies. Residents of the Villages at Twin Rivers enjoy exceptional community amenities, including a scenic lake with fountains and walking paths, a playground, a swimming pool, tennis and pickleball courts, a fitness center, and a rentable clubhouse. Bear Ridge Golf Course and Grille is also located within the community, operated separately. This property is zoned to the highly regarded Midway Independent School District, with South Bosque Elementary conveniently nearby.

Investor Tools

Property Icon
$485,000
Estimated Property Value
$55,444Estimated Mortgage Balance
$429,556Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$509,707
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$692/month
$85/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,882
$351,500
2025
$95,820
$255,680
$351,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,882
$351,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$62,406
No
First
Aug 28, 2020
Sep 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,444
$429,556
88%
11%
$375/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,520/mo
$460/mo
+$1,060/mo
3.8%

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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