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$189,999

$195,000

2004 N 40th St, Waco, TX, 76707

$197,520 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,332 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.64 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range
FlooringTile, Wood

Exterior

Lot Size7,318 sqft

Building Information

Year Built1948
Stories1
Roof Type112
Garage Spaces2

Land Information

APN480037020082009
Lot Number9
SubdivisionBellaire
Land UseResidential
Legal DescriptionBELLAIRE LOT 9 BLOCK 5 ACRES .168
Census Tract002700
Assessed Land Value$20,500
Assessed Improvement Value$151,620
Assessment Year2025

About this property

Charming and move-in ready, this 4-bedroom, 2-bath home is tucked away on a quiet dead-end street in an established Waco neighborhood. Thoughtfully designed for comfortable everyday living, the functional layout features inviting living and dining spaces with a natural flow ideal for both relaxing and entertaining. The primary suite provides a comfortable retreat with large closet and bathroom, while two additional bedrooms. In addition. Home has office space that is spacious in size. Step outside to enjoy the covered back patio, perfect for morning coffee, weekend grilling, or unwinding at the end of the day. Additional features include one car garage, fenced yard, beautiful trees. Located near shopping, dining, schools, library, parks and hospitals , this home blends comfort, functionality, and location. Priced to sell.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$146,301Estimated Mortgage Balance
$67,757Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$197,520
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

Interested in this property?

Patricia Meadows

Graceland Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,025
$167,478
2025
$20,500
$151,620
$172,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,025
$167,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$146,301
Yes
First
Nov 17, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,243
$67,757
34%
66%
$878/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$878/mo
+$429/mo
7.9%

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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2004 N 40th St | Property Details | No Agent List