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$254,010

NAL Estimated Property Value

925 Melrose Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,570 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.18 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Water Heater, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesDog Run
Lot Size8,124 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480327020188056
Lot Number15
SubdivisionParkdale
Land UseResidential
Legal DescriptionPARKDALE LOT 15 BLOCK 21 ACRES .1865
Census Tract002501
Assessed Land Value$19,420
Assessed Improvement Value$237,790
Assessment Year2025

About this property

Discover the charm of an older home with updates with this 3-bedroom, 2-bathroom home in the vibrant heart of Waco. Seamlessly blending modern comfort with timeless charm, it's an ideal sanctuary within the city. Step inside to an inviting open-concept living space, bathed in natural light from large newly replaced Woodbridge windows throughout. The living area effortlessly transitions into a contemporary updated kitchen featuring stainless steel gas range, dishwasher, refrigerator and granite counters, cabinets perfect for cooking and casual meals. The primary suite offers a serene escape with its en-suite bathroom, recently updated wtih granite counters and tiled walk in shower. Two additional bedrooms provide flexibility for guests, an office, or a hobby room, complemented by a stylish second bathroom. Outside, enjoy a generous backyard ready for gatherings, gardening, or Texas sunbathing. A two-car garage adds convenience and storage. Located on a quiet street, this well-landscaped home is minutes from Waco's attractions, Baylor University, and lush parks. Embrace the balance of serenity and convenience. Your perfect Waco retreat awaits!

Investor Tools

Property Icon
$254,010
Estimated Property Value
$182,269Estimated Mortgage Balance
$71,741Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,524 /month
Positive
Cash Flow Estimate:
$508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$408/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,628
$254,010
2025
$19,420
$237,790
$257,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,628
$254,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Unknown
$183,600
No
First
Dec 22, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,269
$71,741
28%
72%
$1,101/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,101/mo
+$206/mo
6.2%

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: Waco

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925 Melrose Dr | Property Details | No Agent List