$475,000
2203 S 2nd St, Waco, TX, 76706
On Market
Just Added
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesElectric Water Heater, Disposal, Microwave, Refrigerator
FlooringVinyl
Exterior
Lot Size8,729 sqft
Building Information
Year Built2018
Stories2
Roof Type105
Land Information
APN480402000014007
Lot Number13
SubdivisionTaylor J W
Land UseResidential
Legal DescriptionTAYLOR J W LOT 13 & B BLOCK 39 ACRES .2004 (ABAND ALLEY 0.011 AC)
Census Tract000200
Assessed Land Value$46,271
Assessed Improvement Value$204,357
Assessment Year2026
About this property
Parent and Investor Buyers. Contemporary farmhouse just three blocks from Baylor's campus. Built in 2018, the home has 4 bedrooms, 4 full baths and a half bath in 1,994 square feet. Built for the college life with beautiful countertops, vinyl flooring, good sized bedrooms and walk in closets. Outside: designated parking behind the home, a covered patio, a full wood fence and mature oak trees on a 0.20-acre lot. Currently leased for $3,301 per month through 5.20.27. Check it out now before it's gone!
Investor Tools
$258,749Estimated Mortgage Balance
$126,251Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,778
$250,628
2026
$46,271
$204,357
$250,628
No
Tax History
Year
Tax Paid
Assessed Value
2026
$5,778
$250,628
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frontier Bank Of Texas
Commercial
$300,000
No
First
Dec 30, 2019
Dec 2024
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,749
$126,251
32%
67%
$1,799/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$1,799/mo
$-119/mo
5.2%
