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$245,000

NAL Estimated Property Value

1225 Colcord Ave, Waco, TX, 76707

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,221 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.75 / sqft
Year BuiltBuilt in 1914

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringLaminate, Tile

Exterior

Lot Size11,195 sqft

Building Information

Year Built1914
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480063000040005
Lot NumberA
SubdivisionBurleson M F
Land UseResidential
Legal DescriptionBURLESON M F LOT A B BLOCK 5 ACRES .257
Census Tract001200
Assessed Land Value$27,210
Assessed Improvement Value$162,080
Assessment Year2025

About this property

Turnkey Investment Property - Discover charm and comfort in this meticulously updated Craftsman-style home, perfect for both relaxation and entertaining. Boasting a wonderful floor plan that is great for entertaining. This inviting retreat blends vintage elegance with modern amenities. The gourmet kitchen features stainless steel appliances and beautiful butcher block countertops, while the spa-like bathrooms offer luxury and relaxation. Located in a great central location, with easy access to local attractions, this property promises an exceptional Airbnb investment opportunity, combining timeless appeal with contemporary convenience.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$167,925Estimated Mortgage Balance
$77,075Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,576
$189,290
2025
$27,210
$162,080
$189,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,576
$189,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Conventional
$172,800
No
First
Oct 23, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,925
$77,075
31%
69%
$1,037/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,037/mo
+$270/mo
6.4%

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.

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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