2709 Speight Ave · Waco, TX
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 7/10 · Major
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 59.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +27.9/30.0
- ARV discount +15.0/15.0
- DSCR +9.9/10.0
- 1% rule +8.8/10.0
- Appreciation +6.8/10.0
- Livability +3.7/5.0
- Rent growth +3.2/5.0
- Schools +2.9/10.0
- Condition / age +2.2/5.0
$115,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to this charming home ideally located near local restaurants, grocery stores, and with easy access to the highway. This 3-bedroom, 1-bathroom property offers 1,448 square feet of comfortable living space with plenty of potential. Inside, you’ll find a functional layout featuring two dining areas—perfect for gatherings, entertaining, or creating a flexible space to fit your lifestyle. Appliances and furniture will convey, making your move-in process even more convenient. Outside, the property features a spacious carport that can accommodate up to four vehicles, along with an additional garage for extra storage or workspace.
Key facts
- Two dining areas
- Wooden privacy fence
- Spacious carport
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $115k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $354 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $115k).
- Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
- Cap rate 10.0% vs local median 3.9% in Waco — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 74/100 on livability (#166 in TX, #4,378 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, commute F, employment D-.
- Waco ISD (urban): math 20% / reading 24% proficiency, ranked #773 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Bell'S Hill El (math 31% / reading 31%, grade F, #2,429 of 4,322 statewide, top 57%, 760 students, 96% FRL); Cesar Chavez Middle (math 16% / reading 24%, grade F, #1,428 of 1,662 statewide, top 87%, 840 students, 94% FRL); University H S (math 39% / reading 31%, grade F, #954 of 1,632 statewide, top 59%, 1,678 students, 89% FRL).
- Market conditions: Rents rising (+2.6%/yr); 58 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,014 units permitted in McLennan County in 2024 (200 in 5+ unit buildings).
- This rent runs 36% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $5k of equity ($795 loan paydown + $4k appreciation (3.6% local appreciation)).
- McLennan County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (3.6% appreciation + 2.6% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.
- By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 109 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: property tax is 2.6% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 59% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.38% ✓
- Cap rate
- 9.99%
- Cash-on-cash
- 13.20%
- DSCR
- 1.59
- GRM
- 6.0
CMA / ARV
- ARV (median comp)
- $170,684
- List price
- $115,000
- Delta
- -32.62%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2329 Connor Ave | 0.31mi | 3/2.0 | 1,368 (-6%) | 2mo | $169,500 | $124 | 70 |
| 1709 Nelva St | 0.40mi | 3/2.0 | 1,513 (+4%) | 7mo | $225,000 | $149 | 64 |
| 2300 Gurley Ave | 0.39mi | 3/2.0 | 1,296 (-10%) | 2mo | $239,900 | $185 | 58 |
| 3400 Daughtrey Ave | 0.63mi | 3/2.0 | 1,448 (0%) | 10mo | $254,900 | $176 | 58 |
| 3501 Bagby Ave | 0.64mi | 3/2.0 | 1,351 (-7%) | 2mo | $204,000 | $151 | 53 |
| 3205 Belmont Dr | 0.50mi | 3/1.0 | 1,344 (-7%) | 15mo | $219,900 | $164 | 52 |
| 3401 James Ave | 0.56mi | 3/2.5 | 1,536 (+6%) | 10mo | $249,000 | $162 | 50 |
| 1105 S 27th St | 0.30mi | 3/2.0 | 1,239 (-14%) | 15mo | $254,900 | $206 | 46 |
| 1813 S 19th St | 0.65mi | 3/1.0 | 1,246 (-14%) | 2mo | $175,000 | $140 | 45 |
| 2215 Connor Ave | 0.41mi | 3/2.0 | 1,280 (-12%) | 16mo | $260,000 | $203 | 45 |
| 3119 Willowbrook St | 0.74mi | 2/1.0 (-1) | 1,514 (+5%) | 15mo | $150,000 | $99 | 40 |
| 2016 Connor Ave | 0.54mi | 2/2.0 (-1) | 1,265 (-13%) | 13mo | $210,000 | $166 | 34 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
3.57% appreciation · 2.62% rent growth · sell at horizon
- IRR
- 20.9%
- Equity multiple
- 2.22×
- Total profit
- $39,384
- Equity at exit
- $55,411
- IRR
- 21.4%
- Equity multiple
- 4.22×
- Total profit
- $103,672
- Equity at exit
- $88,392
Cash invested: $32,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 30 active · 12 under contract
- Months of supply
- 12.0 mo (8%/mo absorbed)
- Median asking
- $209,950 ($153/sqft)
- Median days on market
- 80 d
- This list price
- 3% of active listings are priced below it
- ARV vs active asking
- -23.0% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 76711
- Home prices YoY
- 1.4%
- Rents YoY
- 2.6%
- Active inventory
- 58
- Price-to-rent
- 6.0×
Monthly cashflow live
- Estimated rent
- $1,589 high interval (Pro) →
- Mortgage (P&I)
- −$603
- Tax from tax record
- −$250 /mo · $2,996/yr
- Insurance
- −$48
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$334
- Net cashflow
- $354
Break-even live
Sensitivity live
| Price | -10% $419 | -5% $387 | +0% $354 | +5% $322 | +10% $289 |
|---|---|---|---|---|---|
| Rent | -10% $229 | -5% $292 | +0% $354 | +5% $417 | +10% $480 |
| Rate | -1.0pp $412 | -0.5pp $384 | base $354 | +0.5pp $325 | +1.0pp $294 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $28,750
- Closing costs
- $3,450
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2601 Flint Ave Waco, TX | 3.0 | 2.0 | 1356 | $1,720 | $1.27 | 92d | 1 | 0.40mi |
| 3200 Belmont Dr Unit 3228 Waco, TX | 2.0 | 2.0 | 995 | $1,500 | $1.51 | 62d | 1 | 0.53mi |
| 2021 Gurley Ave Waco, TX | 3.0 | 2.0 | 1320 | $1,500 | $1.14 | 70d | 1 | 0.56mi |
| 1914 Ross Ave Waco, TX | 3.0 | 1.0 | 1316 | $1,495 | $1.14 | 70d | 1 | 0.81mi |
| 1925 S 17th St Unit 1 Waco, TX | 4.0 | 4.0 | 1856 | $2,100 | $1.13 | 70d | 1 | 0.83mi |
| 700 S Valley Mills Dr Waco, TX | 1.0–2.0 | 1.0–1.5 | 850 | $995 | $1.17 | 62d | 2 | 0.83mi |
| 1800 Primrose Dr Waco, TX | 1.0–4.0 | 1.0–2.0 | 942 | $1,133 | $1.20 | 62d | 33 | 0.98mi |
| 3812 Hiland Dr Waco, TX | 3.0 | 1.0 | 1124 | $995 | $0.89 | 62d | 1 | 1.00mi |
| 1912 S 15th St Unit A Waco, TX | 4.0 | 2.0 | 1400 | $1,850 | $1.32 | 70d | 1 | 1.01mi |
| 1916 S 15th St Waco, TX | 4.0 | 4.0 | 1744 | $1,800 | $1.03 | 62d | 1 | 1.02mi |
| 1916 S 15th St Unit A Waco, TX | 4.0 | 4.0 | 1744 | $1,800 | $1.03 | 70d | 1 | 1.02mi |
| 1342 Park Ave Waco, TX | 2.0 | 2.5 | 1143 | $1,400 | $1.22 | 62d | 1 | 1.03mi |
| 1905 S 14th St Unit B Waco, TX | 4.0 | 4.0 | 1200 | $550 | $0.46 | 70d | 1 | 1.03mi |
| 1905 S 14th St Waco, TX | 4.0 | 4.0 | 1500 | $3,000 | $2.00 | 70d | 1 | 1.03mi |
| 1909 S 14th St Unit B Waco, TX | 4.0 | 4.0 | 1680 | $1,650 | $0.98 | 92d | 1 | 1.04mi |
| 1909 S 14th St Waco, TX | 4.0 | 4.0 | 1680 | $1,600 | $0.95 | 70d | 1 | 1.04mi |
| 1326 Park Ave Waco, TX | 2.0 | 2.5 | 1143 | $1,400 | $1.22 | 62d | 1 | 1.05mi |
| 1326 Park Ave Waco, TX | 2.0 | 2.5 | 1143 | $1,400 | $1.22 | 70d | 1 | 1.05mi |
| 1311 Speight Ave Waco, TX | 2.0 | 2.5 | 1143 | $1,195 | $1.05 | 62d | 1 | 1.07mi |
| 2900 Austin Ave Waco, TX | 2.0 | 2.0 | 1176 | $1,195 | $1.02 | 92d | 1 | 1.07mi |
| 1311 Speight Ave #1311 Waco, TX | 2.0 | 2.5 | 1143 | $1,500 | $1.31 | 70d | 1 | 1.07mi |
| 4009 James Ave Waco, TX | 3.0 | 1.0 | 1056 | $1,495 | $1.42 | 70d | 1 | 1.08mi |
| 3447 Pewitt Dr Waco, TX | 2.0 | 1.0 | 907 | $1,350 | $1.49 | 62d | 1 | 1.09mi |
| 3430 Pewitt Dr Waco, TX | 2.0 | 1.0 | 916 | $1,150 | $1.26 | 92d | 1 | 1.12mi |
| 3411 Pewitt Dr #3413 Waco, TX | 2.0 | 1.0 | 1000 | $1,350 | $1.35 | 70d | 1 | 1.13mi |
| 1226 Baylor Ave Waco, TX | 2.0 | 2.0–2.5 | 1024 | $1,350 | $1.32 | 70d | 2 | 1.13mi |
| 1226 Baylor Ave Waco, TX | 2.0 | 2.0–2.5 | 1024 | $1,337 | $1.31 | 62d | 2 | 1.13mi |
| 3743 Vista Cove Dr Waco, TX | 3.0 | 2.0 | 1509 | $1,850 | $1.23 | 70d | 1 | 1.14mi |
| 1421 S 12th St Waco, TX | 2.0 | 2.0 | 928 | $985 | $1.06 | 62d | 3 | 1.14mi |
| 2300 Washington Ave Waco, TX | 3.0 | 1.0 | 1232 | $1,650 | $1.34 | 62d | 1 | 1.18mi |
| 4000 Acree St Waco, TX | 3.0 | 1.5 | 984 | $1,295 | $1.32 | 70d | 1 | 1.19mi |
| 1348 S 12th St Waco, TX | 2.0 | 2.0 | 958 | $1,300 | $1.36 | 70d | 1 | 1.21mi |
| 1628 Ewing Ave Waco, TX | 3.0 | 2.0 | 1472 | $2,400 | $1.63 | 62d | 1 | 1.23mi |
| 1923 Austin Ave Unit 5202 Waco, TX | 2.0 | 2.5 | 1265 | $1,395 | $1.10 | 70d | 1 | 1.24mi |
| 1300 S 11th St Waco, TX | 2.0 | 2.5 | 1083 | $1,209 | $1.12 | 62d | 14 | 1.29mi |
| 3300 Wynmore Dr Waco, TX | 3.0 | 2.0 | 1678 | $1,850 | $1.10 | 92d | 1 | 1.32mi |
| 3300 Wynmore Dr Waco, TX | 3.0 | 2.0 | 1678 | $1,850 | $1.10 | 70d | 1 | 1.32mi |
| 415 N 23rd St Waco, TX | 3.0 | 2.0 | 1680 | $2,000 | $1.19 | 70d | 1 | 1.40mi |
| 2601 Fort Ave Unit 4 Waco, TX | 2.0 | 1.0 | 1000 | $990 | $0.99 | 92d | 1 | 1.45mi |
| 608 N 23rd St Waco, TX | 3.0 | 1.0 | 1361 | $1,695 | $1.25 | 70d | 1 | 1.50mi |
Property features AI
Finance
- Other
- Municipal utility district: No
- Financial info
- Listing terms include Cash and Conventional
- HOA & community
- No HOA / Association
Exterior
- Parking
- Carport (4 covered/carport spaces)Driveway parkingGravel parking1-car garage
- Utilities
- City waterCity sewerElectricity connectedIndividual gas meterIndividual water meter
- Home design
- Single family residenceResidential propertyOne storyNot attached to another propertyNo accessory unitSubdivision: Greene Sub
- Construction
- Built in 1950Metal sidingComposition roofPillar/post/pier foundation
- Exterior features
- Back yard fencingFenced yard with privacy wood fencingOther fencingCurbs
Interior
- Kitchen
- Gas rangePlumbed for gas in kitchenRefrigerator
- Bedrooms
- 3 bedrooms (primary bedroom on level 1)
- Flooring
- HardwoodTileVinyl
- Bathrooms
- 1 full bathroom
- Interior features
- Natural woodworkOpen floorplanPanelingOne living areaOne dining areaOne-level layoutRoom count: 2
- Laundry & utility
- Full-size washer/dryer areaWasher hookupElectric dryer hookupLaundry located in kitchen
Listing history 50 events
-
2026-08-08days on market $115,000 Active 109 DOM
-
2026-08-07days on market $115,000 Active 108 DOM
-
2026-08-06days on market $115,000 Active 107 DOM
-
2026-08-05days on market $115,000 Active 106 DOM
-
2026-08-04pricedays on market $115,000 Active 105 DOM
-
2026-08-03days on market $120,000 Active 104 DOM
-
2026-07-31days on market $120,000 Active 101 DOM
-
2026-07-30days on market $120,000 Active 100 DOM
-
2026-07-29days on market $120,000 Active 99 DOM
-
2026-07-27days on market $120,000 Active 97 DOM
-
2026-07-25days on market $120,000 Active 95 DOM
-
2026-07-24days on market $120,000 Active 94 DOM
-
2026-07-23days on market $120,000 Active 93 DOM
-
2026-07-22days on market $120,000 Active 92 DOM
-
2026-07-21days on market $120,000 Active 91 DOM
-
2026-07-18days on market $120,000 Active 88 DOM
-
2026-07-16days on market $120,000 Active 86 DOM
-
2026-07-16days on market $120,000 Active 85 DOM
-
2026-07-14days on market $120,000 Active 84 DOM
-
2026-07-13days on market $120,000 Active 83 DOM
-
2026-07-12days on market $120,000 Active 82 DOM
-
2026-07-11days on market $120,000 Active 81 DOM
-
2026-07-10days on market $120,000 Active 80 DOM
-
2026-07-09days on market $120,000 Active 79 DOM
-
2026-07-08days on market $120,000 Active 78 DOM
-
2026-07-07days on market $120,000 Active 77 DOM
-
2026-07-06days on market $120,000 Active 76 DOM
-
2026-07-05days on market $120,000 Active 75 DOM
-
2026-07-04days on market $120,000 Active 74 DOM
-
2026-07-03days on market $120,000 Active 73 DOM
-
2026-07-02days on market $120,000 Active 72 DOM
-
2026-07-01days on market $120,000 Active 71 DOM
-
2026-06-30days on market $120,000 Active 70 DOM
-
2026-06-29price $120,000 Active 69 DOM
-
2026-06-29days on market $149,900 Active 69 DOM
-
2026-06-28days on market $149,900 Active 68 DOM
-
2026-06-28days on market $149,900 Active 67 DOM
-
2026-06-27days on market $149,900 Active 66 DOM
-
2026-06-25days on market $149,900 Active 64 DOM
-
2026-06-23days on market $149,900 Active 62 DOM
-
2026-06-21days on market $149,900 Active 61 DOM
-
2026-06-18days on market $149,900 Active 58 DOM
-
2026-06-17days on market $149,900 Active 57 DOM
-
2026-06-16days on market $149,900 Active 56 DOM
-
2026-06-15days on market $149,900 Active 55 DOM
-
2026-06-14days on market $149,900 Active 53 DOM
-
2026-06-13days on market $149,900 Active 52 DOM
-
2026-06-10days on market $149,900 Active 50 DOM
-
2026-06-09days on market $149,900 Active 49 DOM
-
2026-06-08days on market $149,900 Active 48 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $2,996 · $250/mo
- Projected year-2 tax
- $2,996 · $250/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 7/10 Severe 7 d/yr ≥109°F today · 23 d/yr by 30 yrs out
- Wind 6/10 Major 59% chance of damaging wind over 30 yrs
- Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,063
- − Mortgage interest
- −$6,442
- − Property taxes
- −$2,996
- − Insurance
- −$575
- − Repairs & maintenance
- −$1,525
- − Management
- −$1,525
- − Depreciation
- −$3,345
- Taxable income
- $2,655
- Est. tax owed @ 24.0%
- −$637
- After-tax cash flow
- $3,615/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 9 photos
This home requires moderate updates to kitchen and bathroom, with potential for significant value increase through exterior painting and flooring replacement.
Deferred maintenance Est. $20,000–$60,000 screening
- Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — No visible roof material or condition
- Major Hvac (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — No visible HVAC unit or condition
Repairs flagged
- Moderate kitchen cabinets — Older cabinets need updating
- Major bathroom fixtures — Worn and outdated
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and value ↑
- Both Replace flooring — Improves living space and resale value ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Waco ISD
- NCES district ID
- 4844280
- Math proficiency
- 20% ▼ -14.00%
- Reading proficiency
- 24% ▼ -6.00%
- Median HH income
- $29,208
- Composite
- 17.57/100
- National rank
- #9043
- State rank
- #773 of 826 in TX
Livability — Waco
- Score
- 74/100
- State rank
- #166
- US rank
- #4378
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Waco, TX
- County
- McLennan County · 264,191 people
- City population
- 125,319
- Metro
- Waco, TX
- Population (ZIP)
- 9,676
- Household income
- $53,185
- Rent vs Own
- Severe rent burden
- 10% of renters
Population outlook (McLennan County) Hauer SSP2
- Today (2025)
- 264,191 people
- By 2030
- 273,578 · +3.6%
- By 2040
- 291,506 · +10.3%
- By 2050
- 308,044 · +16.6%
- By 2075
- 349,648 · +32.3%
- By 2100
- 364,779 · +38.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.56)
- Race & ethnicity
- Hispanic / Latino 61% Two or more races 43% White 23% Black 12% Native American 3% Asian 2%
- Hispanic origin (detail)
- Mexican 56%
- Common ancestry
- Lithuanian 1% Italian 1% Portuguese 1%
- Foreign-born
- 27% · Canada, China
- Languages at home
- 53% English-only · Spanish 45% Tagalog/Filipino 1% Other Indo-European 1%
Political lean MEDSL · McLennan
- 2024 margin
- Solid R (+30.9) · D 34.0% · R 64.9% · Other 1.0%
- 2008→2024 swing
- -7.0pp toward R · 2008: -23.9pp · 2024: -30.9pp
- All cycles
- 2024: R+30.9 2020: R+23.4 2016: R+27.1 2012: R+29.8 2008: R+23.9
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 3.57%
- Current HPI
- 261.7166
- Rent YoY
- ▲ 2.62%
- Metro
- Waco, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
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| Healthcare | 2 | $330B |
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Price history
3 events — show timeline
- 2026-04-21 Listed $149,900 NTREIS
- 2010-03-09 Sold (Public Records) — Public Records
- 2003-01-21 Sold (Public Records) — Public Records
Property tax history
+6.0%/yrLatest (2025): $2,996 · +9.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…