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$391,000

NAL Estimated Property Value

961 Shilling Drive, Elm Mott, TX, 76640

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.29 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Ice Maker, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1.50 acres

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces3

Land Information

APN200886000090036
SubdivisionWilson S P
Land UseResidential
Legal DescriptionWILSON S P ACRES 1.5
Census Tract003402
Assessed Land Value$45,350
Assessed Improvement Value$267,180
Assessment Year2025

About this property

- Peaceful Country Living with Space, Function & Convenience - Situated on approximately 1.4 acres in Elm Mott, this inviting 3-bedroom, 2-bath home offers the perfect balance of quiet, country-style living and everyday convenience—just a short drive to downtown Waco, Baylor University, shopping, grocery stores, and major hospitals. Inside, the home features a comfortable, open layout designed for both daily living and easy entertaining. Recent updates include new carpet in the bedrooms and hallway along with updated vinyl flooring in the main living area, where built-in shelving adds both character and functionality. The secondary bedrooms provide ample space, while the primary suite offers a private bathroom and direct access to the covered patio. The home also has a new roof. Step outside and experience the true highlight of this property—the land. The beautifully maintained acreage is dotted with mature oak trees and a producing plum tree, offering shade, privacy, and seasonal charm. Whether you’re enjoying a quiet morning, hosting friends, or simply taking in the open space, this setting delivers a relaxed and welcoming atmosphere. The property features a 30x40 metal workshop with electricity and two roll-up doors ideal for hobbies, storage, business use, or recreational equipment. With room to spread out, functional upgrades, and a location that keeps you close to everything Waco has to offer, it's a must see!

Investor Tools

Property Icon
$391,000
Estimated Property Value
$291,124Estimated Mortgage Balance
$99,876Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,450
$312,530
2025
$45,350
$267,180
$312,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,450
$312,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$295,000
No
First
Aug 11, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,124
$99,876
25%
74%
$1,769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,769/mo
$-462/mo
4.0%

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: Elm Mott

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961 Shilling Drive | Property Details | No Agent List