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$335,000

2425 S 16th Street, Waco, TX, 76706

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,711 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.79 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringConcrete

Exterior

Exterior FeaturesRain Gutters, Outdoor Grill, Outdoor Kitchen
Lot Size9,601 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480303010024008
Lot Number3
SubdivisionMostyn-Roberts
Land UseResidential
Legal DescriptionMOSTYN-ROBERTS LOT 3 BLOCK 3 ACRES .2204
Census Tract002100
Assessed Land Value$23,620
Assessed Improvement Value$267,730
Assessment Year2025

About this property

Modern Investment Gem Near Baylor & The Silos – Fully Furnished + Turnkey STR Opportunity Turnkey, fully furnished modern home located just minutes from Baylor University and the Magnolia Silos District. This 3-bedroom, 2-bathroom property offers high-end finishes throughout and is ideal for both primary residence or short-term rental investment. Interior features include an open-concept layout with contemporary design and durable concrete flooring throughout. The kitchen and living areas are designed for functionality and style, making the home move-in or rental ready. Exterior features include a private outdoor entertaining space with a built-in grill, automatic sprinkler system, and a two-car garage. The home is equipped with a security system for added convenience and peace of mind. Situated in a rapidly developing neighborhood with strong appreciation potential, this property is well-positioned for investors seeking short-term rental income opportunities due to its proximity to key attractions.

Investor Tools

$102,997Estimated Mortgage Balance
$211,003Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

Interested in this property?

Richy Miller

Redfin Corporation

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$666/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,427
$291,350
2025
$23,620
$267,730
$291,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,427
$291,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$115,000
No
First
Dec 30, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,997
$211,003
67%
33%
$690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$690/mo
+$640/mo
5.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2425 S 16th Street | Property Details | No Agent List