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$236,000

NAL Estimated Property Value

2416 Mcferrin Ave, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.89 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Vented Exhaust Fan
FlooringLaminate

Exterior

Exterior FeaturesOther
Lot Size8,250 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480176000082007
Lot Number5
SubdivisionFarwell Hts
Land UseResidential
Legal DescriptionFARWELL HTS LOT 5 BLOCK 19 ACRES .1894
Census Tract001100
Assessed Land Value$16,420
Assessed Improvement Value$207,030
Assessment Year2025

About this property

Home sweet home is an understatement when you walk into this beauty! Conveniently located near Baylor University, Cameron Park, and Downtown Waco, this home is all about location. You’ll find a park right across the street, adding to the appeal. This lovely residence features 3 bedrooms and 2 bathrooms, offering 1,420 square feet of an open floor plan. Enjoy your mornings or evenings on the beautiful porch. As you enter, you’ll notice the renovated interior, complete with new flooring, a charming fireplace, and an updated kitchen and bathrooms. The spacious rooms enhance the comfort of the home. The open layout is perfect for entertaining guests, allowing you to interact with visitors while cooking in the kitchen. Additionally, there is a separate laundry area that leads to a large outdoor space. The property includes a fenced yard and a detached garage for storage or parking your vehicle. This home has been fully updated and is ready for you to move in!

Investor Tools

Property Icon
$236,000
Estimated Property Value
$189,236Estimated Mortgage Balance
$46,764Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,416 /month
Positive
Cash Flow Estimate:
$472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,885
$223,450
2025
$16,420
$207,030
$223,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,885
$223,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Fha
$191,468
Yes
First
Sep 24, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,236
$46,764
19%
80%
$1,148/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,148/mo
+$182/mo
6.8%

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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2416 Mcferrin Ave | Property Details | No Agent List