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$239,900

$249,900

1108 N 28th St, Waco, TX, 76707

On MarketInfo
CommercialInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,316 Sq Ft
Multi FamilyMulti Family
price_per_sqft$182.29 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet, Other

Exterior

Exterior FeaturesOutdoor Grill, Private Yard, Storage
Lot Size9,148 sqft

Building Information

Year Built1948
Stories1
Roof Type105
Garage Spaces3

Land Information

APN480199000248005
Lot Number12C,UND
SubdivisionGinocchio
Land UseResidential
Legal DescriptionGINOCCHIO LOT 12C 13C 14C BLOCK 21 ACRES .21
Census Tract000800
Assessed Land Value$23,600
Assessed Improvement Value$162,420
Assessment Year2025

About this property

Adorable, fully furnished home currently operating as an income-producing short-term rental! This charming 3-bedroom, 2-bath home features a warm and inviting layout with a spacious living area, granite countertops in the kitchen, and a cozy breakfast area. The bright enclosed sunroom offers flexible additional space—perfect for a game room, home office, or second living area. Outside, enjoy a large fenced backyard with plenty of room to relax or entertain, plus a detached garage offering excellent storage or workshop space. Whether you're looking for a move-in ready home, furnished investment property, or short-term rental opportunity, this one is ready to go! Bonus: Seller has three additional furnished Airbnb properties available and may consider a package sale.

Investor Tools

$94,032Estimated Mortgage Balance
$153,537Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

Interested in this property?

Jody Scoggins

Axio Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,932
$156,830
2025
$23,600
$162,420
$186,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,932
$156,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Federal Savings Bank
Conventional
$105,200
No
First
Nov 18, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,032
$152,968
61%
38%
$631/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
$631/mo
+$365/mo
4.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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