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$238,000

NAL Estimated Property Value

2011 Morrow Ave, Waco, TX, 76707

$238,834 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,946 Sq Ft
price_per_sqft$128.42 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Microwave, Refrigerator
FlooringTile, Vinyl, Wood

Exterior

Lot Size8,250 sqft

Building Information

Year Built1928
Stories2
Roof Type105
Garage Spaces1

Land Information

APN480096000170000
Lot Number11
SubdivisionCohen
Land UseResidential
Legal DescriptionCOHEN LOT 11 BLOCK 14 ACRES .1894
Census Tract000700
Assessed Land Value$24,590
Assessed Improvement Value$124,531
Assessment Year2025

About this property

1920s Craftsman with historic charm & character, abundant natural light, inviting large covered front porch and room to spare! Just a few things that make this well-maintained home so special. Refinished original hardwoods and a fresh paint job make this one move-in ready. At nearly 2,000 square feet this home also features an updated kitchen and bathrooms, a formal dining room and large bonus room to function as a 4th bedroom, office, home school room or whatever fits your needs. Large primary suite with en suite bathroom and 2 closets. Through the back door you'll walk onto a large decking overlooking the big back yard. An old barn in the back provides great storage. Great built-ins throughout, front porch swing, vintage glass doorknobs, prepare to fall in love!

Investor Tools

Property Icon
$238,000
Estimated Property Value
$248,386Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$238,833
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,847
$149,121
2025
$24,590
$124,531
$149,121
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,847
$149,121

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$235,653
Yes
First
Jun 6, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,386
N/A
0%
104%
$1,515/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$1,515/mo
$-161/mo
6.8%

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.

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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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2011 Morrow Ave | Property Details | No Agent List