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$171,000

1609 Ewing Ave, Waco, TX, 76706

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.65 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesVented Exhaust Fan
FlooringVinyl

Exterior

Lot Size6,612 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces3

Land Information

APN480202010043006
Lot Number16
SubdivisionGrand Meadow
Land UseResidential
Legal DescriptionGRAND MEADOW LOT 16 BLOCK 3 ACRES .1518
Census Tract002100
Assessed Land Value$18,840
Assessed Improvement Value$94,980
Assessment Year2025

About this property

Fully remodeled, move in ready 2 bedroom home situated close to Baylor in South Waco! Seller offering buyer a 2/1 buy down on interest rate with full price offer. Home has been remodeled top to bottom with all new everything - floors, doors, siding, windows, etc! Front landscaping and driveway to be completed first week of December 2022. Would make a great rental portfolio option or first time home. Has new mini split system with a unit in each main room.

Investor Tools

Property Icon
$171,000
Estimated Property Value
$147,250Estimated Mortgage Balance
$31,850Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,026 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,495
$113,820
2025
$18,840
$94,980
$113,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,495
$113,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Conventional
$147,250
No
First
May 25, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,150
$31,850
18%
81%
$883/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$800/mo
$883/mo
$-83/mo
5.6%

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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1609 Ewing Ave | Property Details | No Agent List