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Days35Days on Market
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$199,900

1200 N 5th Street, Waco, TX, 76707

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.3 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesElectric Range, Electric Water Heater, Microwave, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size8,250 sqft

Building Information

Year Built1989
Stories1
Roof Type105

Land Information

APN480086000111003
Lot Number1
SubdivisionChamberlin & Taylor
Land UseResidential
Legal DescriptionCHAMBERLIN & TAYLOR LOT 1 BLOCK 17 ACRES .1894
Census Tract001300
Assessed Land Value$22,940
Assessed Improvement Value$119,160
Assessment Year2025

About this property

Discover Magnolia Bleu, a beautifully renovated 3 Bed, 1 Bath home located just minutes from Downtown Waco, the iconic Magnolia Silos, Baylor University, and the Brazos River. Previously a successful Airbnb for aprox 5 years, this charming, fully furnished home is now available for purchase — furnishings and contents are negotiable and can be included for an additional cost. Currently rented at $2200 per month, great source of income! Step inside to find a light-filled living room, stylishly appointed kitchen with electric range and microwave, and a designated laundry space with yard access. All three bedrooms are generously sized with ample closet space and ceiling fans. Renovations include Hardie siding, and updated interior finishes. Water heater, HVAC system and roof were installed in the last 7 years approx. Situated on a spacious .1894-acre lot in R-2 zoning, this home is ideal as a primary residence or fully furnished rental for traveling nurses or long-term rental. Off-street parking, side and back fencing, and a welcoming front lawn add convenience and curb appeal. Facing wide and quiet Kentucky Avenue, there's plenty of street parking as well. Note: Short Term Rental Type II permit may not be currently available at this time but other types might; buyers are encouraged to verify with the City of Waco. Don’t miss this flexible opportunity, whether you’re seeking move-in-ready charm or a turnkey investment property, 1200 N 5th St is ready to deliver.

Investor Tools

$70,225Estimated Mortgage Balance
$147,775Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

Interested in this property?

Lily Flores

Magnolia Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,431
$142,100
2025
$22,940
$119,160
$142,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,431
$142,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$81,600
No
First
May 29, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,225
$147,775
67%
32%
$490/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$490/mo
+$817/mo
7.2%

Learn About the Market: Opportunity in Texas

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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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1200 N 5th Street | Property Details | No Agent List