2107 Gorman Ave · Waco, TX 76707

$144,900

3 bd · 2.0 ba · 1,344 sqft · SingleFamily public records · 262 Days on market

Built 1920 8,250 sqft lot $108/sqft · 23% below area Est $189k · 23% under

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Why this score? — see what drove the C 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.9/10.0
• 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

Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

Key facts

• Inviting front porch
• Classic curb appeal
• Natural light

Tags

• INVITING FRONT PORCH
• NATURAL LIGHT
• CLASSIC CURB APPEAL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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: schools D, crime D, commute F.
• 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.
• 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 22d 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).
• At $1,586/mo this rent would consume 47% of the median local household income ($40k/yr) (locally 704% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 262 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 56% 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.

Recommended offer $127,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 262 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.09% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.27%
• DSCR: 1.28
• GRM: 7.6

CMA / ARV

• ARV (median comp): $189,150
• List price: $144,900
• Delta: -23.39%
• 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
2015 Gorman Ave	0.07mi	2/1.0 (-1)	1,320 (-2%)	0mo	$140,000	$106	84
1304 N 22nd	0.31mi	3/1.0	1,383 (+3%)	0mo	$110,000	$80	77
912 N 22nd St	0.07mi	3/2.0	1,168 (-13%)	2mo	$199,999	$171	73
1521 Homan Ave	0.52mi	3/2.0	1,256 (-6%)	4mo	$169,900	$135	62
2023 Ethel Ave	0.38mi	3/2.0	1,508 (+12%)	2mo	$220,000	$146	60
2920 Ethel Ave	0.71mi	3/1.0	1,330 (-1%)	2mo	$169,900	$128	60
2401 Colcord Ave	0.52mi	3/2.5	1,478 (+10%)	0mo	$265,000	$179	57
2912 E Edmond Ave	0.64mi	3/1.0	1,262 (-6%)	0mo	$175,000	$139	56
1123 N 14th St	0.65mi	3/1.0	1,272 (-5%)	1mo	$40,000	$31	56
1122 N 14th St	0.61mi	3/1.0	1,472 (+10%)	1mo	$40,000	$27	50
2319 Parrot	0.58mi	2/2.0 (-1)	1,152 (-14%)	0mo	$75,000	$65	44
2620 Lasker Ave	0.72mi	2/2.0 (-1)	1,200 (-11%)	4mo	$220,000	$183	41

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-12,852
• Equity at exit: $21,605

10-year hold

• IRR: -2.0%
• Equity multiple: 0.87×
• Total profit: $-5,140
• Equity at exit: $12,528

Cash invested: $40,572 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,586 high
• Mortgage (P&I): −$760
• Tax from tax record: −$221 /mo · $2,654/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $212

Break-even live

Break-even rent $1,318

Max offer price $144,900

Occupancy floor 82%

Sensitivity live

Price	-10% $294	-5% $253	+0% $212	+5% $171	+10% $130
Rent	-10% $87	-5% $149	+0% $212	+5% $275	+10% $337
Rate	-1.0pp $285	-0.5pp $249	base $212	+0.5pp $174	+1.0pp $136

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2116 Morrow Ave Waco, TX	4.0	2.0	1703	$1,650	$0.97	22d	1	0.13mi
1000 N 19th St Waco, TX	3.0	1.5	1800	$2,050	$1.14	22d	1	0.18mi
2001 Bosque Blvd Waco, TX	3.0	1.0	1628	$1,100	$0.68	45d	1	0.21mi
615 N 23rd St Waco, TX	2.0	1.0	900	$1,275	$1.42	22d	1	0.26mi
608 N 23rd St Waco, TX	3.0	1.0	1361	$1,695	$1.25	22d	1	0.28mi
415 N 23rd St Waco, TX	3.0	2.0	1680	$2,000	$1.19	22d	1	0.36mi
1400 N 23rd St Waco, TX	4.0	2.0	1650	$1,575	$0.95	14d	1	0.40mi
2632 Colonial Ave Unit B Waco, TX	2.0	1.0	896	$1,050	$1.17	22d	1	0.46mi
2601 Fort Ave Unit 4 Waco, TX	2.0	1.0	1000	$990	$0.99	45d	1	0.47mi
2714 Morrow Ave Waco, TX	2.0	1.0	1484	$1,375	$0.93	22d	1	0.52mi
2705 Bosque Blvd Waco, TX	3.0	2.0	1028	$1,599	$1.56	45d	1	0.53mi
1821 Algonquin St Waco, TX	2.0	1.0	930	$1,150	$1.24	45d	1	0.54mi
2724 Bosque Blvd Waco, TX	2.0	1.0	1120	$1,100	$0.98	22d	1	0.56mi
2300 Washington Ave Waco, TX	3.0	1.0	1232	$1,650	$1.34	14d	1	0.57mi
1923 Austin Ave Unit 5202 Waco, TX	2.0	2.5	1265	$1,395	$1.10	22d	1	0.59mi
1815 Seneca Ave Waco, TX	3.0	2.0	1471	$1,650	$1.12	22d	1	0.61mi
2511 Parrott Ave Waco, TX	3.0	2.0	1463	$1,695	$1.16	45d	1	0.62mi
716 N 13th St Waco, TX	4.0	2.0	1349	$1,675	$1.24	22d	1	0.67mi
1104 N 11th St Waco, TX	3.0	2.0	1231	$1,650	$1.34	22d	1	0.79mi
1110 N 11th St Waco, TX	3.0	2.0	1172	$1,495	$1.28	22d	1	0.79mi
804 N 11th St Waco, TX	1.0–2.0	1.0	838	$1,200	$1.43	22d	1	0.79mi
3121 Colonial Ave Waco, TX	3.0	2.0	1085	$1,600	$1.47	45d	1	0.85mi
3121 Colonial Ave Waco, TX	3.0	2.0	1085	$1,600	$1.47	22d	1	0.85mi
1825 Cumberland Ave Waco, TX	3.0	1.0	1400	$1,325	$0.95	14d	1	0.86mi
3116 Bosque Blvd Waco, TX	2.0	1.0	1100	$1,250	$1.14	14d	1	0.87mi
1600 N 11th St Unit A Waco, TX	3.0	2.0	1217	$1,750	$1.44	45d	1	0.87mi
3007 Parrott Ave Unit 1 Waco, TX	3.0	2.0	1458	$1,650	$1.13	22d	1	0.87mi
1511 Maple Ave Waco, TX	3.0	2.0	1487	$1,450	$0.98	45d	1	0.88mi
2000 Windsor Ave Waco, TX	4.0	2.5	1450	$1,800	$1.24	45d	1	0.90mi
1901 N 28th St Waco, TX	3.0	2.0	1794	$1,950	$1.09	22d	1	0.90mi
1920 Windsor Ave Waco, TX	3.0	1.0	1216	$1,200	$0.99	45d	1	0.90mi
2900 Austin Ave Waco, TX	2.0	2.0	1176	$1,195	$1.02	45d	1	0.90mi
1818 Windsor Ave Waco, TX	4.0	2.0	1112	$1,625	$1.46	22d	1	0.91mi
3125 Ethel Ave Waco, TX	3.0	2.0	1760	$1,900	$1.08	22d	1	0.91mi
3400 W Brookview Dr Waco, TX	1.0–2.0	1.0	865	$1,209	$1.40	14d	5	0.92mi
2621 Windsor Ave Waco, TX	2.0	1.0	1108	$1,175	$1.06	22d	1	1.03mi
2714 Windsor Ave Waco, TX	2.0	1.0	979	$1,300	$1.33	45d	1	1.03mi
1606 N 9th St Waco, TX	4.0	2.0	1392	$1,525	$1.10	22d	1	1.06mi
3621 Gorman Ave Waco, TX	3.0	1.5	1086	$1,950	$1.80	14d	1	1.11mi
1914 Ross Ave Waco, TX	3.0	1.0	1316	$1,495	$1.14	22d	1	1.19mi

Listing history 36 events

1. 2026-06-21
   days on market $144,900 Active 262 DOM
2. 2026-06-18
   price $144,900 Active 259 DOM
3. 2026-06-18
   days on market $149,900 Active 259 DOM
4. 2026-06-17
   days on market $149,900 Active 258 DOM
5. 2026-06-16
   days on market $149,900 Active 257 DOM
6. 2026-06-15
   days on market $149,900 Active 256 DOM
7. 2026-06-14
   days on market $149,900 Active 254 DOM
8. 2026-06-13
   days on market $149,900 Active 253 DOM
9. 2026-06-10
   days on market $149,900 Active 251 DOM
10. 2026-06-09
    days on market $149,900 Active 250 DOM
11. 2026-06-08
    days on market $149,900 Active 249 DOM
12. 2026-06-07
    days on market $149,900 Active 248 DOM
13. 2026-06-05
    days on market $149,900 Active 245 DOM
14. 2026-06-03
    days on market $149,900 Active 244 DOM
15. 2026-06-02
    days on market $149,900 Active 243 DOM
16. 2026-06-01
    days on market $149,900 Active 242 DOM
17. 2026-05-31
    days on market $149,900 Active 241 DOM
18. 2026-05-30
    days on market $149,900 Active 240 DOM
19. 2026-05-04
    price $149,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

20. 2026-04-14
    price $154,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

21. 2026-04-07
    price $159,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

22. 2026-03-23
    status Active 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

23. 2026-03-12
    historical Active Option Contract 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

24. 2026-01-16
    price $144,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

25. 2026-01-05
    price $149,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

26. 2025-12-11
    status Active 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

27. 2025-11-26
    historical Active Option Contract 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

28. 2025-10-23
    price $154,900 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

29. 2025-10-02
    listed $158,900 Active 949-char remark

    Show marketing remark (949 chars)

    Cute 1920's House with brand new roof! Welcome to 2107 Gorman Avenue, a truly exceptional opportunity for investors, first-time homebuyers, and anyone seeking to build immediate equity. This jazz age home, priced under market value, offers the perfect blend of solid construction, timeless appeal, and a prime location in the heart of Waco. This 2-bedroom, 2-bathroom, 1,344 sq. ft. residence is the definition of great bones. It's a fantastic live-in-flip project, allowing you to gradually add value and personalize the space while enjoying the comfort of home. Step inside and be captivated by the abundance of natural light that fills every room, highlighting the home's potential and warm, inviting atmosphere. The thoughtful layout provides a smooth, functional flow, perfect for modern living. The classic curb appeal is undeniable, with an inviting front porch area that offers the perfect setting for morning coffee or evening gatherings.

30. 2025-08-24
    historical
31. 2025-05-12
    price $159,900
32. 2025-02-24
    listed $175,000 Active
33. 2022-03-11
    soldstatus
34. 2022-01-17
    listed $145,000
35. 2008-02-04
    soldstatus
36. 1994-07-13
    soldstatus

ⓘ 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: $2,654 · $221/mo
• Projected year-2 tax: $2,654 · $221/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 5/10 Major FEMA zone X (unshaded) · 67% 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 56% 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: $19,037
• − Mortgage interest: −$8,117
• − Property taxes: −$2,654
• − Insurance: −$724
• − Repairs & maintenance: −$1,523
• − Management: −$1,523
• − Depreciation: −$4,215
• Taxable income: $281
• Est. tax owed @ 24.0%: −$67
• After-tax cash flow: $2,475/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

+3.4% since first listed

18 events — show timeline

• 2026-05-04 Price Changed $149,900 NTREIS
• 2026-04-14 Price Changed $154,900 NTREIS
• 2026-04-07 Price Changed $159,900 NTREIS
• 2026-03-23 Relisted — NTREIS
• 2026-03-12 Contingent — NTREIS
• 2026-01-16 Price Changed $144,900 NTREIS
• 2026-01-05 Price Changed $149,900 NTREIS
• 2025-12-11 Relisted — NTREIS
• 2025-11-26 Contingent — NTREIS
• 2025-10-23 Price Changed $154,900 NTREIS
• 2025-10-02 Listed $158,900 NTREIS
• 2025-08-24 Listing Removed — NTREIS
• 2025-05-12 Price Changed $159,900 NTREIS
• 2025-02-24 Listed $175,000 NTREIS
• 2022-03-11 Sold (MLS) — NTREIS
• 2022-01-17 Listed $145,000 NTREIS
• 2008-02-04 Sold (Public Records) — Public Records
• 1994-07-13 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,654 · -12.8% YoY. Source: county tax records.