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$147,999

1226 Baylor Avenue, Waco, TX, 76706

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,024 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$144.53 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesBalcony, Courtyard
Lot Size2,261 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480286000062246
Lot NumberA2
SubdivisionMax
Land UseResidential
Legal DescriptionMAX LOT A2 C2 D2 BLOCK 1 UNIT 124 1.69% CASABLANCA PHASE IV CONDO UNIT 124 1.69% CASABLANCA PHASE IV CONDO
Census Tract000402
Assessed Land Value$34,470
Assessed Improvement Value$118,650
Assessment Year2025

About this property

Condo Within Gated Community Including Community Pool - Within walking distance to Baylor and minutes from downtown, this condo has just been completely remodeled! Downstairs offers a central living room and half-bath for guests. The kitchen is open, with modern countertops, backsplash, and paint tones - as well as a connected dining area. Upstairs features two bedrooms, each with their own private full-bathroom. Each full bathroom features modern countertops and tiled showers. This condo unit is located right by the central, green courtyard and upstairs includes a private, covered balcony overlooking the courtyard. The condo is within a remote-controlled gate, offering extra security and privacy for all. And the in-ground community pool is right around the corner from this unit, perfect to walk to on a hot day. All in all, this condo is perfect to call home or to hold as an investment property.

Investor Tools

Property Icon
$168,000
Estimated Property Value
$0Estimated Mortgage Balance
$80,104Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

Interested in this property?

Collin Coats

Bentwood Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
$196/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,227
$153,120
2025
$34,470
$118,650
$153,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,227
$153,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southside Bank
Commercial
$102,588
No
First
May 28, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,896
$80,104
47%
52%
$616/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,010/mo
$812/mo
+$198/mo
7.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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