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$75,000

2220 Joey Dr, Waco, TX, 76711

$97,500 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,538 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$48.76 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater
FlooringCarpet

Exterior

Exterior FeaturesStorage
Lot Size7,200 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480225010006000
Lot Number6
SubdivisionHighland Gardens
Land UseResidential
Legal DescriptionHIGHLAND GARDENS LOT 6 BLOCK A ACRES .1653
Census Tract004300
Assessed Land Value$19,870
Assessed Improvement Value$175,800
Assessment Year2025

About this property

INVESTOR SPECIAL!! Prime opportunity for seasoned and new investors alike. This well-positioned 3-bedroom, 2-bath property features a wheelchair ramp for added accessibility and sits just minutes from I-35, offering exceptional convenience for future tenants. Its proximity to Central Texas Marketplace, H-E-B, and major commuter routes makes it a high-demand rental location with strong occupancy potential. The property is being SOLD AS IS, presenting a favorable opportunity to renovate, force appreciation, and elevate returns. With its strategic location and solid upside, this is a valuable addition to any investor’s portfolio, whether you're looking to flip, hold, or expand your rental income stream.

Investor Tools

$0Estimated Mortgage Balance
$148,537Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$97,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$891 /month
Positive
Cash Flow Estimate:
$297 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$704
$148,537
2025
$19,870
$175,800
$195,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$704
$148,537

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$148,537
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,560/mo
N/A
+$1,560/mo
12.6%

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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2220 Joey Dr | Property Details | No Agent List