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Days21Days on Market
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$85,000

$89,000

1913 Homan Ave, Waco, TX, 76707

$110,500 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,193 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$71.25 / sqft
Year BuiltBuilt in 1917

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Range, None
FlooringLaminate, Linoleum, Tile, Varies

Exterior

Lot Size8,250 sqft

Building Information

Year Built1917
Stories1
Roof Type105

Land Information

APN480340000025009
Lot Number13
SubdivisionProvident
Land UseResidential
Legal DescriptionPROVIDENT LOT 13 BLOCK 2 ACRES .1894
Census Tract001000
Assessed Land Value$24,590
Assessed Improvement Value$60,500
Assessment Year2025

About this property

You’ve found your next investment opportunity in the heart of North Waco’s sought-after Sanger Heights neighborhood on Homan Avenue. Built in 1917, this 1,193 square foot bungalow is full of potential and ready for your vision to bring it back to life. Classic early-1900s character, mature neighborhood charm, and strong upside make this the perfect fix-and-flip or long-term investment property. Step inside and imagine the possibilities to restore the historic appeal while incorporating modern updates today’s buyers love. With the right renovations, this property could truly shine and become a standout home in one of Waco’s established neighborhoods. Whether you’re looking for your next rehab project or an opportunity to add value and build equity, this is your chance to transform a piece of Waco history into something special.

Investor Tools

Property Icon
$88,000
Estimated Property Value
$28,000Estimated Mortgage Balance
$73,572Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$110,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$528 /month
Positive
Cash Flow Estimate:
$176 /month

Interested in this property?

Reyna Reyes

Arise Capital Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,988
$85,090
2025
$24,590
$60,500
$85,090
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,988
$85,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
James M Starnes
Seller Carryback / Seller Financing / Seller Take-Back
$28,000
No
First
Sep 20, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,514
$116,486
88%
16%
$168/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$168/mo
+$1,139/mo
17.8%

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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1913 Homan Ave | Property Details | No Agent List