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$549,000

2024 N 5th St, Waco, TX, 76708

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,741 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$315.34 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringWood

Exterior

Lot Size7,501 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480375000001003
Lot Number1
SubdivisionSedwick
Land UseResidential
Legal DescriptionSEDWICK LOT 1 BLOCK 1 ACRES .1722
Census Tract001300
Assessed Land Value$21,750
Assessed Improvement Value$278,250
Assessment Year2025

About this property

This new construction 3-bedroom, 3.5-bathroom home is ideally located in the heart of Waco—just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area’s exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city’s most desirable zones for short-term rentals and second homes. Inside, the home features three king suites—ideal for accommodating three groups. The bright, open-concept kitchen and vaulted living room showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey—ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you’re looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with the vacant lot behind at 522 Proctor as well as 421 Proctor Ave, and 425 Proctor Ave (across the street) - all operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.

Investor Tools

$286,793Estimated Mortgage Balance
$155,314Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

Interested in this property?

Harris Arnhart

Perry Guest Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,767
$300,000
2025
$21,750
$278,250
$300,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,767
$300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community Bank
Open End Mortgage / Open End With Future Advance Clause
$310,000
No
First
May 20, 2022
May 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,793
$242,207
45%
65%
$1,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,859/mo
$-529/mo
3.6%

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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2024 N 5th St | Property Details | No Agent List