Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
A+
NoAgentList RatingHow are grades calculated? Info

$194,820

2501 Mitchell Ave, Waco, TX, 76708

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,192 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.17 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringTile, Vinyl

Exterior

Lot Size8,250 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480424000040008
Lot Number14
SubdivisionUniversity Hts
Land UseResidential
Legal DescriptionUNIVERSITY HTS LOT 14 BLOCK 4 ACRES .1894
Census Tract000900
Assessed Land Value$16,420
Assessed Improvement Value$178,400
Assessment Year2025

About this property

MUST-SEE CHARMING 1920's JEWEL BOX! This one may be petite in size but lives large on style and curb-appeal. From the picturesque window box TO the eye-brow roof line accentuating the front porch TO the new back porch this home exudes charm! The interior will not disappoint with new luxury-vinyl wide plank flooring, tile and carpet, fresh paint, new cabinets, authentic ship-lap, butcher-block counter-tops and SS appliances in the kitchen, new plumbing, electrical, roof, windows (to be installed), awesome light fixtures and new HWH. Both bedrooms are a great size with one having extra room for an office if desired. There is plenty of room on this deep corner lot for several cars to park, boat or camper storage or to build covered parking or a garage/workshop. Just SUPER CUTE!!

Investor Tools

Property Icon
$194,820
Estimated Property Value
$144,000Estimated Mortgage Balance
$63,570Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,169 /month
Positive
Cash Flow Estimate:
$390 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,180
$194,820
2025
$16,420
$178,400
$194,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,180
$194,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Central Texas
Commercial
$144,000
No
First
Sep 9, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,250
$63,570
32%
67%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$864/mo
+$466/mo
8.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

2501 Mitchell Ave | Property Details | No Agent List