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$168,000

NAL Estimated Property Value

2225 Trice Ave, Waco, TX, 76707

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths803 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$280.2 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Water Heater
FlooringCarpet, Laminate

Exterior

Lot Size7,649 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480424000770000
Lot Number8
SubdivisionUniversity Hts
Land UseResidential
Legal DescriptionUNIVERSITY HTS LOT 8 BLOCK 66 ACRES .1756
Census Tract001000
Assessed Land Value$15,680
Assessed Improvement Value$94,320
Assessment Year2025

About this property

Completely unique property with two separate homes on one corner lot! The white house at 2225 Trice Avenue had a new roof and garage door put on in 2020. This home has 2 bedrooms and one bath and is just over 800 square feet. Excellent tenant has lived there for almost five years and is on a month to month lease paying $850 per month. The tenant in the yellow house at 1805 N 23rd has just begun a 1 year lease and is paying $875 per month. This home had extensive remodeling in 2022 with a renovated kitchen and bath, new vinyl plank flooring and fixtures, updated plumbing and foundation leveling including sub floor repairs. In 2020 the yellow house had a new roof put on and was painted and in 2019 a new HVAC system was installed and the garage was converted to a second bedroom to make the home almost 750 square feet. Excellent investment opportunity with two already rented houses in great condition in the heart of Waco!

Investor Tools

Property Icon
$168,000
Estimated Property Value
$123,894Estimated Mortgage Balance
$44,106Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,113
$110,000
2025
$15,680
$94,320
$110,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,113
$110,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Commercial
$130,000
No
First
Oct 26, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,894
$44,106
26%
74%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$787/mo
$780/mo
+$7/mo
5.6%

City: Waco

2225 Trice Ave | Property Details | No Agent List