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$179,000

$189,000

2312 S 12th St, Waco, TX, 76706

On MarketInfo
Just AddedInfo
Price DropInfo
Beds1 Beds
Baths1 Bath
Baths608 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$294.41 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDryer, Electric Water Heater, Washer
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size3,951 sqft

Building Information

Year Built2019
Stories1
Roof Type105

Land Information

APN480297000053007
Lot Number23
SubdivisionMontgomery Heirs
Land UseResidential
Legal DescriptionMONTGOMERY HEIRS LOT 23 BLOCK T ACRES .0907
Census Tract001900
Assessed Land Value$19,750
Assessed Improvement Value$138,900
Assessment Year2025

About this property

With the property being zoned O-2 and ideally located near Baylor University, downtown Waco, Magnolia, and many of the city’s most visited attractions make this property an excellent opportunity for an investor looking to enter or expand in Waco’s short-term rental market. The home features an open-concept living and kitchen area with vaulted ceilings, granite countertops, and plenty of cabinet space. The bedroom and dedicated office nook connect conveniently to the bathroom, which includes a spacious walk-in shower. The fenced backyard gives guests a private place to relax or entertain, while the shipping container provides additional flexibility as a workshop, owner’s storage, or general storage space. With its convenient location and flexible zoning, this property is well positioned for short-term rental use, student housing, or a low-maintenance investment near the heart of Waco.

Investor Tools

$120,083Estimated Mortgage Balance
$50,147Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

Interested in this property?

Oscar Quintero

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,509
$158,650
2025
$19,750
$138,900
$158,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,509
$158,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Open End Mortgage / Open End With Future Advance Clause
$132,000
No
First
Oct 7, 2021
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,083
$49,917
29%
71%
$792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$800/mo
$792/mo
+$8/mo
5.6%

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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2312 S 12th St | Property Details | No Agent List