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$175,000

1224 Frost Ave, Waco, TX, 76708

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.61 / sqft
Year BuiltBuilt in 1919

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Electric Oven
FlooringLaminate, Wood

Exterior

Lot Size7,492 sqft

Building Information

Year Built1919
Stories1
Roof Type105

Land Information

APN480372000089000
Lot NumberD2
SubdivisionScott Sub
Land UseResidential
Legal DescriptionSCOTT SUB LOT D2 BLOCK 128 ACRES .172
Census Tract001200
Assessed Land Value$21,800
Assessed Improvement Value$136,250
Assessment Year2025

About this property

Beautifully Updated Bungalow in Trendy Near North Waco! Step into a beautifully reimagined bungalow where historic character meets thoughtful modern updates in one of Waco’s increasingly popular neighborhoods. The floor plan has been reworked to create 3 bedrooms and 2 full bathrooms, adding approximately 100 square feet while making the home more functional for today’s lifestyle. The updates go well beyond cosmetics, including new electrical wiring, updated mechanical systems, replacement windows, refreshed kitchen cabinetry, and updated bathrooms. A durable metal roof adds another layer of long-term value. And then there’s the charm you simply can’t recreate. Original-style details such as the fireplace, built-in shelving, soaring ceilings, and even the classic telephone shelf have been preserved, giving the home a personality all its own. Location makes it even more compelling. You're minutes from Cameron Park, World Cup Café, Downtown Waco, and the growing collection of restaurants, shops, and local businesses that make Near North Waco one of the city's hot spots.

Investor Tools

$116,978Estimated Mortgage Balance
$66,022Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,098 /month
Positive
Cash Flow Estimate:
$366 /month

Interested in this property?

Todd Talbert

Weichert, Realtors - The Eastland Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,822
$158,050
2025
$21,800
$136,250
$158,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,822
$158,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameritrust Mortgage Corp
Conventional
$124,000
No
First
Jul 7, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,978
$66,022
36%
64%
$744/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$744/mo
+$586/mo
8.7%

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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1224 Frost Ave | Property Details | No Agent List