2721 Homan Ave · Waco, TX
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.7%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · 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
- 24 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 56.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
$66,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
Key facts
- Alley access
- Large backyard
- 8,233 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $67k.
Deal economics
- At list price, monthly cash flow is $467 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $67k).
- Recommended offer: $63k (6.0% below list) — sets the bar for market timing.
- Cap rate 14.7% 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 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).
- This rent runs 40% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $463 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 $19k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 87 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $13k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 3.9% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; major wind risk, 56% 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.
Questions for the listing agent
- It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1925 — 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
- 2.01% ✓
- Cap rate
- 14.68%
- Cash-on-cash
- 29.94%
- DSCR
- 2.33
- GRM
- 4.1
CMA / ARV
- ARV (median comp)
- $157,316
- List price
- $66,900
- Delta
- -57.47%
- 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 |
|---|---|---|---|---|---|---|---|
| 3103 Homan Ave | 0.26mi | 2/1.0 | 1,086 (+1%) | 2mo | $69,900 | $64 | 84 |
| 1215 N 26th St | 0.19mi | 2/1.0 | 972 (-9%) | 1mo | $45,000 | $46 | 74 |
| 3033 Cole Ave | 0.35mi | 3/1.0 (+1) | 1,089 (+2%) | 2mo | $235,000 | $216 | 74 |
| 2809 Gorman Ave | 0.43mi | 2/1.0 | 1,040 (-3%) | 1mo | $64,900 | $62 | 74 |
| 3012 Colonial Ave | 0.28mi | 2/1.0 | 954 (-11%) | 2mo | $145,000 | $152 | 67 |
| 2319 Parrot | 0.41mi | 2/2.0 | 1,152 (+8%) | 0mo | $75,000 | $65 | 64 |
| 820 N 34th St | 0.73mi | 2/1.0 | 1,048 (-2%) | 1mo | $156,000 | $149 | 61 |
| 916 N 31st St | 0.53mi | 2/1.0 | 980 (-9%) | 0mo | $115,000 | $117 | 61 |
| 3624 Erath Ave | 0.70mi | 3/1.0 (+1) | 1,119 (+4%) | 1mo | $179,900 | $161 | 54 |
| 3601 Ethel Ave | 0.68mi | 3/1.0 (+1) | 1,001 (-7%) | 1mo | $169,000 | $169 | 51 |
| 912 N 22nd St | 0.51mi | 3/2.0 (+1) | 1,168 (+9%) | 2mo | $199,999 | $171 | 51 |
| 3512 Ethel Ave | 0.61mi | 2/1.0 | 926 (-14%) | 0mo | $35,000 | $38 | 48 |
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
- IRR
- 22.2%
- Equity multiple
- 1.88×
- Total profit
- $16,553
- Equity at exit
- $9,975
- IRR
- 28.8%
- Equity multiple
- 3.32×
- Total profit
- $43,375
- Equity at exit
- $5,784
Cash invested: $18,732 (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
ZIP-level market 76707
- Rents YoY
- 1.1%
- Active inventory
- 144
- Price-to-rent
- 4.1×
Monthly cashflow live
- Estimated rent
- $1,348 high interval (Pro) →
- Mortgage (P&I)
- −$351
- Tax from tax record
- −$219 /mo · $2,624/yr
- Insurance
- −$28
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$283
- Net cashflow
- $467
Break-even live
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
- $16,725
- Closing costs
- $2,007
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2705 Bosque Blvd Waco, TX | 3.0 | 2.0 | 1028 | $1,599 | $1.56 | 43d | 1 | 0.11mi |
| 2724 Bosque Blvd Waco, TX | 2.0 | 1.0 | 1120 | $1,100 | $0.98 | 21d | 1 | 0.14mi |
| 2632 Colonial Ave Unit B Waco, TX | 2.0 | 1.0 | 896 | $1,050 | $1.17 | 21d | 1 | 0.22mi |
| 2511 Parrott Ave Waco, TX | 3.0 | 2.0 | 1463 | $1,695 | $1.16 | 43d | 1 | 0.27mi |
| 3007 Parrott Ave Unit 1 Waco, TX | 3.0 | 2.0 | 1458 | $1,650 | $1.13 | 21d | 1 | 0.29mi |
| 3116 Bosque Blvd Waco, TX | 2.0 | 1.0 | 1100 | $1,250 | $1.14 | 13d | 1 | 0.37mi |
| 3121 Colonial Ave Waco, TX | 3.0 | 2.0 | 1085 | $1,600 | $1.47 | 21d | 1 | 0.37mi |
| 3121 Colonial Ave Waco, TX | 3.0 | 2.0 | 1085 | $1,600 | $1.47 | 43d | 1 | 0.37mi |
| 2225 Trice Ave Waco, TX | 2.0 | 1.0 | 803 | $1,300 | $1.62 | 43d | 1 | 0.51mi |
| 2225 Trice Ave Waco, TX | 2.0 | 1.0 | 803 | $1,300 | $1.62 | 13d | 1 | 0.51mi |
| 3400 W Brookview Dr Waco, TX | 1.0–2.0 | 1.0 | 865 | $1,209 | $1.40 | 13d | 5 | 0.53mi |
| 2714 Morrow Ave Waco, TX | 2.0 | 1.0 | 1484 | $1,375 | $0.93 | 21d | 1 | 0.54mi |
| 2714 Windsor Ave Waco, TX | 2.0 | 1.0 | 979 | $1,300 | $1.33 | 43d | 1 | 0.59mi |
| 2224 Cumberland Ave Waco, TX | 2.0 | 1.0 | 768 | $1,075 | $1.40 | 43d | 1 | 0.62mi |
| 2621 Windsor Ave Waco, TX | 2.0 | 1.0 | 1108 | $1,175 | $1.06 | 21d | 1 | 0.63mi |
| 1906 Bosque Blvd Unit 1 Waco, TX | 1.0 | 1.0 | 880 | $875 | $0.99 | 21d | 1 | 0.64mi |
| 2601 Fort Ave Unit 4 Waco, TX | 2.0 | 1.0 | 1000 | $990 | $0.99 | 43d | 1 | 0.66mi |
| 608 N 23rd St Waco, TX | 3.0 | 1.0 | 1361 | $1,695 | $1.25 | 21d | 1 | 0.69mi |
| 615 N 23rd St Waco, TX | 2.0 | 1.0 | 900 | $1,275 | $1.42 | 21d | 1 | 0.70mi |
| 1821 Algonquin St Waco, TX | 2.0 | 1.0 | 930 | $1,150 | $1.24 | 43d | 1 | 0.70mi |
| 2225 Windsor Ave Waco, TX | 2.0 | 1.0 | 840 | $1,100 | $1.31 | 43d | 1 | 0.72mi |
| 1815 Seneca Ave Waco, TX | 3.0 | 2.0 | 1471 | $1,650 | $1.12 | 21d | 1 | 0.73mi |
| 3701 Parkwood St Unit 3703 Waco, TX | 2.0 | 1.0 | 950 | $1,075 | $1.13 | 13d | 1 | 0.80mi |
| 3621 Gorman Ave Waco, TX | 3.0 | 1.5 | 1086 | $1,950 | $1.80 | 13d | 1 | 0.80mi |
| 1920 Windsor Ave Waco, TX | 3.0 | 1.0 | 1216 | $1,200 | $0.99 | 43d | 1 | 0.83mi |
| 1309 Sunset St Waco, TX | 2.0 | 1.0 | 1102 | $1,295 | $1.18 | 21d | 1 | 0.84mi |
| 516 N 31st St Unit 1 Waco, TX | 1.0 | 1.0 | 1100 | $1,000 | $0.91 | 43d | 1 | 0.84mi |
| 516 N 31st St Waco, TX | 1.0 | 1.0 | 1100 | $1,000 | $0.91 | 21d | 1 | 0.84mi |
| 1825 Cumberland Ave Waco, TX | 3.0 | 1.0 | 1400 | $1,325 | $0.95 | 13d | 1 | 0.84mi |
| 1905 N 19th St Waco, TX | 1.0 | 1.0 | 816 | $875 | $1.07 | 21d | 1 | 0.86mi |
| 2404 Proctor Ave Waco, TX | 1.0 | 1.0 | 837 | $1,000 | $1.19 | 21d | 1 | 0.86mi |
| 2402 Proctor Ave Waco, TX | 1.0 | 1.0 | 1000 | $950 | $0.95 | 13d | 1 | 0.86mi |
| 2404 Proctor Ave Unit 2 Waco, TX | 1.0 | 1.0 | 837 | $950 | $1.14 | 13d | 1 | 0.87mi |
| 2704 Herring Ave Waco, TX | 2.0 | 2.0 | 1286 | $1,750 | $1.36 | 21d | 1 | 0.90mi |
| 3532 Windsor Ave Waco, TX | 3.0 | 2.0 | 1100 | $1,475 | $1.34 | 13d | 1 | 0.91mi |
| 3809 Homan Ave Waco, TX | 2.0 | 1.0 | 840 | $1,100 | $1.31 | 43d | 1 | 0.91mi |
| 3625 Maple Ave Waco, TX | 2.0 | 1.0 | 950 | $1,275 | $1.34 | 43d | 1 | 0.91mi |
| 2601 Herring Ave Unit 1 Waco, TX | 3.0 | 1.0 | 989 | $1,295 | $1.31 | 43d | 1 | 0.94mi |
| 2712 Lyle Ave Waco, TX | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 43d | 1 | 0.98mi |
| 2712 Lyle Ave Waco, TX | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 21d | 1 | 0.98mi |
Listing history 18 events
-
2026-06-18days on market $66,900 Active 87 DOM
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2026-06-17days on market $66,900 Active 86 DOM
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2026-06-16days on market $66,900 Active 85 DOM
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2026-06-15days on market $66,900 Active 84 DOM
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2026-06-14days on market $66,900 Active 82 DOM
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2026-06-13status $66,900 Active 81 DOM
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2026-05-19status Pending 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
-
2026-05-14price $66,900 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
-
2026-05-14status Active 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
-
2026-03-24status Pending 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
-
2026-03-11historical Active Option Contract 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
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2026-02-26price $69,900 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
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2026-01-29price $74,900 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
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2026-01-07$79,900 Active 1008-char remark
Show marketing remark (1008 chars)
As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.
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2025-12-29soldstatus
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2008-06-23soldstatus
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2008-04-14soldstatus
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2001-06-27soldstatus
ⓘ 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
- $2,624 · $219/mo
- Projected year-2 tax
- $2,624 · $219/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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
- Wildfire 2/10 Low
- Heat 7/10 Severe 7 d/yr ≥109°F today · 24 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $16,173
- − Mortgage interest
- −$3,747
- − Property taxes
- −$2,624
- − Insurance
- −$334
- − Repairs & maintenance
- −$1,294
- − Management
- −$1,294
- − Depreciation
- −$1,946
- Taxable income
- $4,934
- Est. tax owed @ 24.0%
- −$1,184
- After-tax cash flow
- $4,424/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
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
- 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 |
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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
-16.3% since first listed12 events — show timeline
- 2026-05-19 Pending — NTREIS
- 2026-05-14 Price Changed $66,900 NTREIS
- 2026-05-14 Relisted — NTREIS
- 2026-03-24 Pending — NTREIS
- 2026-03-11 Contingent — NTREIS
- 2026-02-26 Price Changed $69,900 NTREIS
- 2026-01-29 Price Changed $74,900 NTREIS
- 2026-01-07 Listed $79,900 NTREIS
- 2025-12-29 Sold (Public Records) — Public Records
- 2008-06-23 Sold (Public Records) — Public Records
- 2008-04-14 Sold (Public Records) — Public Records
- 2001-06-27 Sold (Public Records) — Public Records
Property tax history
+8.9%/yrLatest (2025): $2,624 · +1.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…