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$176,000

NAL Estimated Property Value

2914 Gorman Ave, Waco, TX, 76707

$180,856 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,289 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.32 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringWood

Exterior

Lot Size8,250 sqft

Building Information

Year Built1923
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480438000149004
Lot Number4
SubdivisionWest End
Land UseResidential
Legal DescriptionWEST END LOT 4 BLOCK P ACRES .1894
Census Tract000800
Assessed Land Value$21,780
Assessed Improvement Value$96,220
Assessment Year2025

About this property

Darling home with lots of character! Original hardwood floors, built ins, beautiful French doors, and original glass doorknobs are just a few examples of the wonderful charm this home has to offer! Featuring two bedrooms (plus a bonus room that was used as a third bedroom!) and a newly updated bathroom with new tile and vanity. Lots of light, built in dishwasher, brand new front door and central heat installed in 2016 are just a few more highlights of this adorable home! Outside features a beautiful custom wooden fence, one car garage as well as a covered carport plus a storage building! This is a must see! Call to set up a showing today!

Investor Tools

Property Icon
$176,000
Estimated Property Value
$80,803Estimated Mortgage Balance
$95,197Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$180,855
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,056 /month
Positive
Cash Flow Estimate:
$352 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$295/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,662
$118,000
2025
$21,780
$96,220
$118,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,662
$118,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community Bank & Trust
Commercial
$90,400
No
First
Nov 16, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,803
$95,197
54%
46%
$542/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$542/mo
+$765/mo
8.9%

City: Waco

2914 Gorman Ave | Property Details | No Agent List