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$193,000

NAL Estimated Property Value

2121 Gorman Ave, Waco, TX, 76707

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,533 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.78 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater
FlooringTile, Vinyl, Wood

Exterior

Lot Size12,375 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480438000138003
Lot Number10,9A
SubdivisionWest End
Land UseResidential
Legal DescriptionWEST END LOT 9A 10 BLOCK N ACRES .2841
Census Tract000700
Assessed Land Value$30,070
Assessed Improvement Value$136,540
Assessment Year2025

About this property

Opportunity to own a 3br/1ba home in a neighborhood that is revitalizing. This affordable home has great curb appeal. Hard wood floors in living area. Nice size kitchen with built in buffett/china cabinet. Fenced backyard. $149,900

Investor Tools

Property Icon
$193,000
Estimated Property Value
$84,609Estimated Mortgage Balance
$108,391Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,158 /month
Positive
Cash Flow Estimate:
$386 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,802
$166,610
2025
$30,070
$136,540
$166,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,802
$166,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Building Or Construction Loan
$90,000
No
First
Feb 27, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,609
$108,391
56%
44%
$540/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$540/mo
+$767/mo
8.1%

City: Waco

2121 Gorman Ave | Property Details | No Agent List