1488 Mcgary Road
About This Property
Beautifully remodeled 3-bedroom, 2-bath farmhouse on 2.5 acres, offering the best of both worlds - a fully furnished, income-producing Airbnb STR with solid bookings, or a move-in-ready family retreat in one of Central Texas's most sought-after school districts.
Enjoy an excellent location just 15 minutes from downtown Waco, combining peaceful country living with easy access to city conveniences, dining, and shopping - all within the top-rated China Spring ISD.
Inside, a sun-filled open-concept layout welcomes you with vaulted, wood-beamed ceilings, shiplap accents, and a chef's kitchen featuring quartz countertops, crisp white cabinetry, and stainless steel appliances. The thoughtfully laid-out floor plan includes a beautifully updated primary suite with dual vanities and updated bath. The wood beams are carried throughout each of the secondary bedrooms creating a beautiful space.
Outside, the property truly shines - a detached, air-conditioned game room or office with foosball, ping pong, and arcade games offers flexible space for guests, kids, or remote work. Unwind on the screened back porch or covered rocking-chair front porch, gather around the fire pit, or soak in the private hot tub under mature shade trees.
Whether you're seeking a turnkey investment property with proven rental history or a spacious, light-filled family home close to Waco, 1488 McGary Lane delivers on every level. Schedule your private showing today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2026 | Listed by Texas Luxury and Land | $489,900 | |
| Listed by Texas Luxury and Land | |||
| Jul 26, 2021 | No longer available | - | |
| No longer available | |||
| Jul 13, 2021 | Listed by Rockin' KH Properties, LLC | $325,000 | |
| Listed by Rockin' KH Properties, LLC | |||
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Great opportunity to own an older farm house on 13.015 acres in China Spring ISD. Home will need some work but has 3 bedrooms and 2 baths. A wood burning fireplace, hardwood floors in various rooms, ktichen and dining combo and a spacious living room. The guest bathroom has a shower only. Detached garage or workshop area with electrical. A small shallow pond currently holding water. Mix of hardwood trees, mesquite and cedar. The tract is cut out of a larger property. The boundary appears to be fenced in barb wire and follows the treeline. Not sure of the fencing quality on the back side of the property. The tract will have highway frontage on Wortham Bend Rd and McGary Rd. There is higher elevation where the home sits for nice distance views, two old water wells behind the house but not sure if they are working and a horseshoe drive around the home. The manager has listed the unit size as 1539 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017