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B+
NoAgentList RatingHow are grades calculated? Info

$233,000

1202 Spring Street, Waco, TX, 76704

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths886 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$265.24 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator

Exterior

Lot Size8,250 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480257000283000
Lot Number1
SubdivisionKirkpatrick
Land UseResidential
Legal DescriptionKIRKPATRICK LOT 1 BLOCK 52 ACRES .1894
Census Tract001500
Assessed Land Value$20,630
Assessed Improvement Value$177,270
Assessment Year2025

About this property

Super cute and completely updated 2 bedroom, 2 bath home in an unbeatable Waco location! Just a short walk to Baylor University’s McLane Stadium, making game days a breeze. Minutes from Downtown Waco, Baylor campus, TSTC, Magnolia, shopping, dining, and entertainment. This move-in ready home comes fully furnished, making it perfect for a rental, student housing, game day stays, or personal getaway. Full interior remodel completed in 2021, this property has unique custom features. Open concept living room area that has a custom built table-bar with granite countertops that seats up to six people which is perfect for entertaining guests. Gorgeous flooring throughout the home with most flooring to be solid engineered hardwood with a sound-dampening subfloor layer and in the kitchen and bathrooms have superior porcelain tile floors that are outdoor-rated tile. In the kitchen, you will notice the refinished cabinetry that has crown molding and new cabinet pulls. A vented stainless steel hood over the range which is 950 cfm, strongest next to commercial and vented to the exterior of the home. Stainless steel commercial sink was added with a pull down faucet along with custom shelving in the pantry! Each bathroom was renovated with new tubs, shower tiles, vanities, and exhaust vents. Smart house capabilities. Smart water heater installed in 2022 that has a leak detection feature. The HVAC handler and condenser was installed in April 2021! As for the garage, new smart garage door opener was installed in 2021 and new flooring. In the backyard, you will notice it is fully landscaped and has a slab with a beautiful pergola with a large custom built elite storage shed. The storage shed was installed in December 2020 and has 16” radiant barrier sheathing, Solar Board OSB, and vented ridge roof. Whether you’re looking for an income-producing property or a charming place to call home, this one checks all the boxes!

Investor Tools

Property Icon
$233,000
Estimated Property Value
$0Estimated Mortgage Balance
$233,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$468/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,445
$197,900
2025
$20,630
$177,270
$197,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,445
$197,900

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$233,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
N/A
+$996/mo
5.1%

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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1202 Spring Street | Property Details | No Agent List