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$183,000

2224 Mcferrin Ave, Waco, TX, 76708

$197,736 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,358 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.99 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Vented Exhaust Fan, Electric Water Heater
FlooringVinyl

Exterior

Exterior FeaturesDog Run, Storage
Lot Size8,250 sqft

Building Information

Year Built1920
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480176000111001
Lot Number7
SubdivisionFarwell Hts
Land UseResidential
Legal DescriptionFARWELL HTS LOT 7 BLOCK 21 ACRES .1894
Census Tract001100
Assessed Land Value$16,420
Assessed Improvement Value$106,540
Assessment Year2025

About this property

Come check out this corner lot family home that is super charming. Super cozy, and great for entertaining in or outdoors. Super large corner lot with large back yard complete with deck and workshop/shed. This Home is conveniently located close to downtown, and Baylor as well as the local HEB, and Mclennan Community College.

Investor Tools

Property Icon
$183,000
Estimated Property Value
$95,136Estimated Mortgage Balance
$104,100Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$197,735
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,165
$119,563
2025
$16,420
$106,540
$122,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,165
$119,563

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Fha
$95,136
Yes
First
Jan 25, 2018
Feb 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,900
$104,100
56%
43%
$571/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$571/mo
+$759/mo
8.7%

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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2224 Mcferrin Ave | Property Details | No Agent List