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$139,000

1118 Kane St, Waco, TX, 76705

$180,700 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$72.62 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Must-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringHardwood, Linoleum, Tile

Exterior

Lot Size15,908 sqft

Building Information

Year Built1948
Stories1
Roof Type105
Garage Spaces2

Land Information

APN280255000023243
Lot Number18,19
SubdivisionLa Vega Park Ac
Land UseResidential
Legal DescriptionLA VEGA PARK AC LOT 18 19 BLOCK 2 ACRES .3652
Census Tract001600
Assessed Land Value$18,140
Assessed Improvement Value$154,450
Assessment Year2025

About this property

If you’ve been dreaming of a place you can truly make your own, this Waco home is full of possibility and ready for its next chapter. Set on a rare double lot, this single-story 3-bedroom, 2-bath home has the kind of space, character, and layout that invites creativity and vision. Inside, you’ll find a large living area with original hardwood floors—real wood, full of warmth and history—just waiting to shine again with a little love. The primary bedroom is privately tucked away and surprisingly spacious, making it easy to imagine a cozy retreat with room to unwind. The backyard is where this property really surprises you. Because it sits on two lots, you get an unusually large outdoor space with endless potential: a garden, a play area, an outdoor living space, or even future expansion. Plus, the attached workshop gives you a place to dive into projects, store tools, or create the hobby space you’ve always wanted. With a covered carport, additional storage, and a location minutes from schools, shopping, and downtown Waco, this home offers convenience along with opportunity. Whether you're an investor searching for your next renovation or a homeowner eager to design something uniquely yours, this property is the perfect blank canvas—ready to be brought back to life and loved again.

Investor Tools

Property Icon
$172,590
Estimated Property Value
$120,000Estimated Mortgage Balance
$110,079Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$180,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,036 /month
Positive
Cash Flow Estimate:
$345 /month

Interested in this property?

Camie Cross

Logan Capital Real Estate, PLLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$160/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,063
$172,590
2025
$18,140
$154,450
$172,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,063
$172,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Reverse Mortgage / Hecm
$120,000
No
First
Jan 29, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$62,511
$110,079
63%
36%
$486/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$486/mo
+$868/mo
9.4%

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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