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$242,360

NAL Estimated Property Value

212 W Craven Ave, Waco, TX, 76705

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,144 Sq Ft
price_per_sqft$152.53 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringVinyl, Wood

Exterior

Exterior FeaturesOther
Lot Size18,600 sqft

Building Information

Year Built1964
Stories1
Roof Type105

Land Information

APN200296000016001
Lot Number3
SubdivisionLa Frosta Hts
Land UseResidential
Legal DescriptionLA FROSTA HTS LOT 3 BLOCK 4 ACRES .427
Census Tract001402
Assessed Land Value$19,340
Assessed Improvement Value$223,020
Assessment Year2025

About this property

Who says you can't have it all! This cute, well maintained home feels like you are relaxing in the country, yet right in town. Drive down this cute tree lined street, soak up the beauty of homes tucked away under large, mature trees featuring nice big lots and even a few horses grazing in the distance. This home offers 4 bedrooms, 1 full bath, a large fenced yard with unlimited possibilities sitting on just under half an acre. An isolated primary suite sits just a few steps away from a nice, covered deck area overlooking the huge backyard. The living room offers large windows along the front giving lots of natural light and opens into the dining and kitchen area making it great for entertaining. This home is less than 10 minutes from Baylor University, downtown Waco, McLennan Community College, L3, TSTC, shopping venues and local eateries. Easy access to I-35. The possibilities are unlimited with this cute home.

Investor Tools

Property Icon
$242,360
Estimated Property Value
$155,780Estimated Mortgage Balance
$86,580Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,454 /month
Positive
Cash Flow Estimate:
$485 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$262/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,929
$242,360
2025
$19,340
$223,020
$242,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,929
$242,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Unknown
$6,308
No
First
Aug 15, 2023
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,780
$86,580
35%
64%
$984/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$984/mo
+$323/mo
6.5%

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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