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Days1496Days on Market
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$229,999

1501 Burnett Ave, Waco, TX, 76706

$277,389 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths943 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.9 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Range, Electric Water Heater
FlooringConcrete

Exterior

Lot Size8,250 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces1

Land Information

APN480036000018003
Lot Number8
SubdivisionBell B F Sub
Land UseResidential
Legal DescriptionBELL B F SUB LOT 8 BLOCK 142 ACRES .1894
Census Tract000401
Assessed Land Value$25,660
Assessed Improvement Value$177,780
Assessment Year2025

About this property

Home is in one of the new detached homes in the immediate area, with modern construction, updated systems, and features unique to the house. Two driveways, one electric vehicle gate, one manual vehicle gate, three foot gates. Tall garage. Views of the Magnolia Silos. Walking distance to the Silos. Could be used for a rental investment, Baylor Student home, or a first time home owner. Bedrooms on first and second floors with bathrooms. Washer & Dryer two years old. AC two years old. Metal roof eight years old. This is a unique property Waco, TX. You will not want to miss to this great opportunity to see this home.

Investor Tools

$187,363Estimated Mortgage Balance
$68,631Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$277,388
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

Interested in this property?

Becky Vardeman-Murphy

Kelly, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$203,440
2025
$25,660
$177,780
$203,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$203,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$200,000
No
First
Dec 30, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,363
$67,637
26%
73%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,200/mo
+$130/mo
6.3%

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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