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NoAgentList RatingHow are grades calculated?Info

$232,000

NAL Estimated Property Value

2404 Clay Ave, Waco, TX, 76706

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,225 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.75 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Microwave, Electric Water Heater
FlooringVinyl

Exterior

Lot Size8,250 sqft

Building Information

Year Built1945
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480037000186005
Lot Number2
SubdivisionBell J D
Land UseResidential
Legal DescriptionBELL J D LOT 2 BLOCK 17 ACRES .1894
Census Tract000598
Assessed Land Value$18,070
Assessed Improvement Value$197,250
Assessment Year2025

About this property

Spacious 4-bedroom, 2-bathroom home thoughtfully remodeled to meet your needs. Modern open concept with an upgraded kitchen featuring new cabinets, stainless steel appliances, and granite countertops. Stylish, waterproof vinyl plank flooring complements the vibrant interior. The primary suite boasts a walk-in closet and a beautifully tiled shower. Ample privacy with a large driveway leading to a fenced yard, perfect for entertaining. The backyard has two access points large enough for any work trailer. Comprehensive updates include electrical, plumbing, foundation reconstruction, exterior siding, double-pane windows, roof, and interior finishes. All work completely on this property was done under the scope of City of Waco. Conveniently located near grocery stores, shopping centers, restaurants, and a short drive to downtown Waco.

Investor Tools

Property Icon
$232,000
Estimated Property Value
$204,928Estimated Mortgage Balance
$27,072Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,392 /month
Positive
Cash Flow Estimate:
$464 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,711
$215,320
2025
$18,070
$197,250
$215,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,711
$215,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$212,911
Yes
First
Apr 4, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,928
$27,072
11%
88%
$1,277/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,277/mo
+$93/mo
7.1%

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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2404 Clay Ave | Property Details | No Agent List