1511 Maple Ave · Waco, TX 76707

$79,900

3 bd · 2.0 ba · 1,487 sqft · SingleFamily public records · 19 Days on market

Built 1928 7,667 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom 2 Bath home in beautiful Waco TX! With almost 1500sf this is a great starter home and fixer upper.

Key facts

• Decorative fireplace
• Spacious backyard
• Tudor-style home

Tags

• TUDOR-STYLE HOME
• DECORATIVE FIREPLACE
• BUILT-IN SHELVING
• COVERED PATIO
• MATURE TREES
• SPACIOUS BACKYARD

Property features AI

Finance

• Other: Lot smaller than 0.5 acre (approximately 0.176 acre); Subdivision: Waco Improv Co; County: McLennan
• Financial info: No second mortgage listed; Treat as clear loan type
• HOA & community: No homeowners association

Exterior

• Parking: Driveway (no garage, no covered or carport spaces listed)
• Utilities: City water; City sewer; Located outside a municipal utility district
• Home design: Single-family residence; Residential property; Attached property; Built in 1928
• Construction: Brick construction; Composition roof; Foundation details not provided
• Exterior features: Covered front and rear porches; Covered patio

Interior

• Kitchen: Kitchen (18 x 9)
• Bedrooms: Primary bedroom on main level (15 x 23); Bedroom on main level (13 x 14); Bedroom on main level (11 x 12)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Fireplace in living room
• Interior features: Built-in features; One living area; One dining area; 6 rooms total; One level
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $672 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.4% 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: Brook Avenue El (math 8% / reading 12%, grade F, #4,259 of 4,322 statewide, top 99%, 369 students, 98% FRL, charter) — zoned schools average 98% FRL vs 81% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 22% district-wide (-12 pts) — the specific schools serving this property underperform the Waco ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.1%/yr); 144 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,014 units permitted in McLennan County in 2024 (200 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• McLennan County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.1% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 60% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.94% ✓
• Cap rate: 16.38%
• Cash-on-cash: 36.03%
• DSCR: 2.60
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $231,972
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1322 N 11th St	0.46mi	3/2.5	1,528 (+3%)	2mo	$269,000	$176	70
2023 Ethel Ave	0.57mi	3/2.0	1,508 (+1%)	2mo	$220,000	$146	69
1122 N 14th St	0.56mi	3/1.0	1,472 (-1%)	1mo	$40,000	$27	67
1618 N 6th St	0.51mi	2/2.0 (-1)	1,451 (-2%)	2mo	$217,000	$150	66
1610 N 6th St	0.52mi	3/2.0	1,407 (-5%)	3mo	$250,000	$178	64
2401 Colcord Ave	0.74mi	3/2.5	1,478 (-1%)	0mo	$265,000	$179	62
908 N 10th St	0.75mi	3/2.0	1,487 (0%)	4mo	$295,000	$198	62
2125 Lasker Ave	0.52mi	3/1.0	1,440 (-3%)	7mo	$224,900	$156	61
1608 N 17th St	0.25mi	3/2.0	1,677 (+13%)	8mo	$235,000	$140	61
1810 N 11th St	0.27mi	4/2.0 (+1)	1,676 (+13%)	5mo	$299,000	$178	57
1304 N 22nd	0.71mi	3/1.0	1,383 (-7%)	0mo	$110,000	$80	51
1123 N 14th St	0.56mi	3/1.0	1,272 (-14%)	1mo	$40,000	$31	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.14% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 2.21×
• Total profit: $27,007
• Equity at exit: $11,913

10-year hold

• IRR: 35.9%
• Equity multiple: 4.01×
• Total profit: $67,443
• Equity at exit: $6,908

Cash invested: $22,372 (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

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76707

• Rents YoY: 1.1%
• Active inventory: 144
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,549 high
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $672

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 52%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1511 Maple Ave Waco, TX	3.0	2.0	1487	$1,450	$0.98	43d	1	0.03mi
1818 Windsor Ave Waco, TX	4.0	2.0	1112	$1,625	$1.46	20d	1	0.27mi
1825 Cumberland Ave Waco, TX	3.0	1.0	1400	$1,325	$0.95	13d	1	0.28mi
1815 Seneca Ave Waco, TX	3.0	2.0	1471	$1,650	$1.12	20d	1	0.33mi
1920 Windsor Ave Waco, TX	3.0	1.0	1216	$1,200	$0.99	43d	1	0.36mi
1821 Algonquin St Waco, TX	2.0	1.0	930	$1,150	$1.24	43d	1	0.37mi
1600 N 11th St Unit A Waco, TX	3.0	2.0	1217	$1,750	$1.44	43d	1	0.38mi
2000 Windsor Ave Waco, TX	4.0	2.5	1450	$1,800	$1.24	43d	1	0.38mi
712 Proctor Ave Waco, TX	4.0	2.0	1184	$1,450	$1.22	20d	1	0.42mi
1606 N 9th St Waco, TX	4.0	2.0	1392	$1,525	$1.10	20d	1	0.45mi
1920 Lyle Ave Waco, TX	2.0	1.0	1519	$1,200	$0.79	20d	1	0.59mi
1920 Lyle Ave Waco, TX	2.0	1.0	1519	$1,200	$0.79	43d	1	0.59mi
1110 N 11th St Waco, TX	3.0	2.0	1172	$1,495	$1.28	20d	1	0.64mi
1104 N 11th St Waco, TX	3.0	2.0	1231	$1,650	$1.34	20d	1	0.65mi
2001 Bosque Blvd Waco, TX	3.0	1.0	1628	$1,100	$0.68	43d	1	0.69mi
1621 Alexander Ave Unit A Waco, TX	3.0	2.0	1400	$1,695	$1.21	20d	1	0.69mi
2121 Lyle Ave Waco, TX	2.0	1.0	1080	$1,000	$0.93	13d	1	0.72mi
1400 N 23rd St Waco, TX	4.0	2.0	1650	$1,575	$0.95	13d	1	0.73mi
1000 N 19th St Waco, TX	3.0	1.5	1800	$2,050	$1.14	20d	1	0.73mi
804 N 11th St Waco, TX	1.0–2.0	1.0	838	$1,200	$1.43	20d	1	0.80mi
2511 Parrott Ave Waco, TX	3.0	2.0	1463	$1,695	$1.16	43d	1	0.80mi
716 N 13th St Waco, TX	4.0	2.0	1349	$1,675	$1.24	20d	1	0.84mi
2505 Proctor Ave Waco, TX	3.0	2.0	1588	$1,550	$0.98	20d	1	0.85mi
2621 Windsor Ave Waco, TX	2.0	1.0	1108	$1,175	$1.06	20d	1	0.86mi
2504 Lyle Ave Waco, TX	3.0	2.0	1028	$1,475	$1.43	20d	1	0.91mi
2714 Windsor Ave Waco, TX	2.0	1.0	979	$1,300	$1.33	43d	1	0.93mi
2601 Herring Ave Unit 1 Waco, TX	3.0	1.0	989	$1,295	$1.31	43d	1	0.94mi
1901 N 28th St Waco, TX	3.0	2.0	1794	$1,950	$1.09	20d	1	0.97mi
2704 Herring Ave Waco, TX	2.0	2.0	1286	$1,750	$1.36	20d	1	0.99mi
2401 McKenzie Ave Waco, TX	3.0	1.5	1288	$1,300	$1.01	20d	1	1.02mi
2116 Morrow Ave Waco, TX	4.0	2.0	1703	$1,650	$0.97	20d	1	1.02mi
2712 Lyle Ave Waco, TX	3.0	1.0	1100	$1,500	$1.36	43d	1	1.04mi
2712 Lyle Ave Waco, TX	3.0	1.0	1100	$1,500	$1.36	20d	1	1.04mi
2400 Reuter Ave Waco, TX	4.0	2.0	1426	$1,650	$1.16	20d	1	1.05mi
2705 Bosque Blvd Waco, TX	3.0	2.0	1028	$1,599	$1.56	43d	1	1.08mi
2712 Mitchell Ave Waco, TX	3.0	1.0	1120	$1,300	$1.16	20d	1	1.08mi
2600 McKenzie Ave Waco, TX	3.0	1.0	1096	$1,395	$1.27	20d	1	1.10mi
2632 Colonial Ave Unit B Waco, TX	2.0	1.0	896	$1,050	$1.17	20d	1	1.12mi
2724 Bosque Blvd Waco, TX	2.0	1.0	1120	$1,100	$0.98	20d	1	1.14mi
3007 Parrott Ave Unit 1 Waco, TX	3.0	2.0	1458	$1,650	$1.13	20d	1	1.14mi

Listing history 10 events

1. 2026-06-05
   statusdays on market $79,900 Pending 19 DOM
2. 2026-06-03
   days on market $79,900 Active 18 DOM
3. 2026-06-02
   days on market $79,900 Active 17 DOM
4. 2026-06-01
   days on market $79,900 Active 16 DOM
5. 2026-05-31
   days on market $79,900 Active 15 DOM
6. 2026-05-30
   days on market $79,900 Active 14 DOM
7. 2026-05-13
   listed $79,900 Active
8. 2021-07-06
   soldstatus 108-char remark

   Show marketing remark (108 chars)

   3 Bedroom 2 Bath home in beautiful Waco TX! With almost 1500sf this is a great starter home and fixer upper.

9. 2020-08-20
   listed $55,000 108-char remark

   Show marketing remark (108 chars)

   3 Bedroom 2 Bath home in beautiful Waco TX! With almost 1500sf this is a great starter home and fixer upper.

10. 1991-11-01
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,590
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$2,324
• Taxable income: $7,217
• Est. tax owed @ 24.0%: −$1,732
• After-tax cash flow: $6,328/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.

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

Amenities C Commute F Cost of living A+ Crime D Employment D- Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waco, TX
• County: McLennan County · 213,088 people
• City population: 125,319
• Metro: Waco, TX
• Population (ZIP): 15,879
• Household income: $40,443
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 704.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 47% Black 32% Two or more races 26% White 18%
• Hispanic origin (detail): Mexican 43%
• Common ancestry: Romanian 1% Lithuanian 1% Italian 1%
• Foreign-born: 15% · Canada
• Languages at home: 65% English-only · Spanish 34% Tagalog/Filipino 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: ▼ -134.95%
• Current HPI: 239.639
• Rent YoY: ▲ 1.14%
• 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
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+45.3% since first listed

4 events — show timeline

• 2026-05-13 Listed $79,900 NTREIS
• 2021-07-06 Sold (MLS) — NTREIS
• 2020-08-20 Listed $55,000 NTREIS
• 1991-11-01 Sold (Public Records) — Public Records

Property tax history

+10.6%/yr

Latest (2025): $4,160 · -13.0% YoY. Source: county tax records.