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$223,000

2900 Hubby Ave, Waco, TX, 76707

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,026 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.3 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesFire Pit
Lot Size6,669 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480237000014007
Lot Number16
SubdivisionHubby Sub
Land UseResidential
Legal DescriptionHUBBY SUB LOT 16 BLOCK 1 ACRES .1531
Census Tract000800
Assessed Land Value$19,400
Assessed Improvement Value$149,550
Assessment Year2025

About this property

Don't miss your chance on this adorable cottage located just minutes from downtown Waco, Baylor University, and Magnolia Market! This recently renovated abode offers an exciting opportunity for someone looking for a move-in ready personal residence close to all the action or a turn-key investment opportunity. Zoned R-2 and currently operating as the only permitted short term rental within the city's 500 ft radius rule, this income producing property has the option of being sold fully furnished making a seamless transition for an investment property. The thoughtfully designed floor plan showcases an open-concept layout and a spacious primary bedroom equipped with a sitting area and convenient half bath. The Kitchen sparkles with refreshed cabinets and stainless steel appliances while laminate plank flooring flows throughout the main living area. The private backyard is a low-maintenance oasis equipped with a cozy firepit and beautiful rock landscaping. Notable recent upgrades include a recently installed carport and new driveway for convenient parking, privacy fence (2021), new water heater (2022), fresh exterior paint (2023), and brand-new washer/dryer (2024). Whether you're seeking a cozy personal retreat or a smart investment property, this property delivers both comfort and potential.

Investor Tools

Property Icon
$223,000
Estimated Property Value
$170,000Estimated Mortgage Balance
$56,248Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,953
$168,950
2025
$19,400
$149,550
$168,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,953
$168,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$170,000
No
First
Apr 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,752
$56,248
25%
75%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
$1,020/mo
$-24/mo
5.4%

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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2900 Hubby Ave | Property Details | No Agent List