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Days26Days on Market
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$95,000

1140 Faulkner Lane, Waco, TX, 76704

$123,500 ARVInfo
On MarketInfo
Beds2 Beds
Baths1 Bath
Baths876 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.45 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Range
FlooringVinyl

Exterior

Lot Size5,859 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN480056030007008
Lot Number11
SubdivisionBorden
Land UseResidential
Legal DescriptionBORDEN LOT 11 BLOCK 1 ACRES .1345
Census Tract001402
Assessed Land Value$11,080
Assessed Improvement Value$83,700
Assessment Year2025

About this property

Great income-producing property's ready for its next owner! This well laid out 2 bedroom, 1 bathroom home sits on a spacious lot in the heart of a neighborhood that’s actively being revived. The home needs a little love, but the best part is that it stays rented, making it a solid option for investors looking for steady rental potential. Don’t miss this chance to add a cash-flowing property to your portfolio in a growing area of Waco!

Investor Tools

$0Estimated Mortgage Balance
$119,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$123,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$714 /month
Positive
Cash Flow Estimate:
$238 /month

Interested in this property?

Matthew Stufflebeam

CIF Real Estate Services, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,076
$94,780
2025
$11,080
$83,700
$94,780
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,076
$94,780

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
N/A
+$996/mo
10.0%

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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1140 Faulkner Lane | Property Details | No Agent List