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$464,000

NAL Estimated Property Value

1201 Forrest St, Waco, TX, 76704

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,215 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$386.75 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringLaminate

Exterior

Exterior FeaturesStorage, Other
Lot Size24,751 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces5

Land Information

APN480257000311010
Lot Number13
SubdivisionKirkpatrick
Land UseResidential
Legal DescriptionKIRKPATRICK LOT 13 BLOCK 53 ACRES 0.5682
Census Tract001500
Assessed Land Value$36,380
Assessed Improvement Value$198,620
Assessment Year2025

About this property

Welcome to the ultimate Baylor football gameday home, conveniently located within walking distance of McLane Stadium! This charming 3-bedroom, 2-bath brick home has been meticulously updated and renovated, providing modern comforts and stylish finishes. Situated on a beautiful corner lot, this property offers the perfect setting close to Baylor University and downtown Waco. The home feels brand new and is move-in ready, making it an ideal turnkey opportunity. The unique garage area has been thoughtfully converted into an inviting living space with an open-air garage design, plumbed and ready for a kitchen, utility room, and two additional bathrooms. Additionally, this bonus space includes two extra bedrooms and is ready for split HVAC systems to be installed, perfect for accommodating friends or extended family comfortably. New PVC sewer lines were installed from the city main all the way to the primary dwelling, and the garage structure was entirely constructed in 2024. Hot water lines above the slab were replaced with PEX, and all fixtures were updated. The roofs and windows were replaced in 2024, meeting current energy efficiency codes. The electrical system in the primary dwelling was upgraded with all LED lighting, new receptacles and switches, and bedroom breakers replaced with arc fault protection. GFCI protection is managed by breakers, not receptacles. To access and upgrade waterlines, much of the lower four feet of drywall was replaced with water- and mold-resistant drywall, finished with level one smooth texture and Sherwin-Williams better-quality odor-neutralizing paint. In the secondary garage structure, the lower four feet of drywall is also water- and mold-resistant, finished with a splatter texture. The water heater and all appliances were replaced in 2024, while the heating and air conditioning system, recently updated prior to acquisition, was thoroughly disassembled, pressure-washed, and reset. A new stainless steel drum washer and

Investor Tools

Property Icon
$464,000
Estimated Property Value
$0Estimated Mortgage Balance
$464,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,819 /month
Positive
Cash Flow Estimate:
$940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,789
$235,000
2025
$36,380
$198,620
$235,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,789
$235,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$464,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
3.4%

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.

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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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1201 Forrest St | Property Details | No Agent List