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$505,000

NAL Estimated Property Value

2225 S 2nd Street, Waco, TX, 76706

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths1,858 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$274.49 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringConcrete, Vinyl

Exterior

Lot Size6,186 sqft

Building Information

Year Built2019
Stories2
Roof Type105

Land Information

APN480189350002000
Lot Number2
SubdivisionHadley Addition
Land UseResidential
Legal DescriptionHADLEY ADDITION LOT 2 BLOCK 1 ACRES .142
Census Tract000200
Assessed Land Value$30,930
Assessed Improvement Value$376,650
Assessment Year2025

About this property

Prime investment opportunity just blocks from Baylor University! Located in a secure gated community, this thoughtfully designed 4-bedroom, 4.5-bath home built in 2019 offers an ideal layout for student living, investment ownership, or a primary residence. Each of the four spacious bedrooms includes its own private ensuite bathroom and walk-in closet, providing exceptional privacy and storage for every occupant. Three bedrooms are located upstairs, while one is conveniently located on the main floor. A half bath downstairs adds convenience for guests. The home features a modern, durable finish-out with stained concrete flooring on the main level and vinyl plank flooring upstairs, offering both style and easy maintenance. The kitchen is beautifully appointed with real wood cabinetry and quartz countertops, with quartz continuing throughout the bathrooms for a cohesive, upscale feel. This property is being sold fully furnished with beautiful, one-year-old furniture, creating a truly turnkey investment ready for immediate occupancy. Window coverings are installed throughout the home for added comfort and privacy. Step outside to enjoy a comfortable backyard sitting area, perfect for relaxing or gathering with friends. With its ideal bedroom layout, gated community setting, and unbeatable proximity to Baylor University, this property offers a rare opportunity for investors seeking strong rental potential or buyers wanting a move-in-ready home near campus.

Investor Tools

Property Icon
$505,000
Estimated Property Value
$327,979Estimated Mortgage Balance
$177,021Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$962/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,015
$407,580
2025
$30,930
$376,650
$407,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,015
$407,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Conventional
$337,500
No
First
Oct 22, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,979
$177,021
35%
65%
$2,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$2,024/mo
$-654/mo
3.3%

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.

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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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2225 S 2nd Street | Property Details | No Agent List