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$375,000

2928 Pine Avenue, Waco, TX, 76708

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,232 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.01 / sqft
Year BuiltBuilt in 1942

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesNone
FlooringWood

Exterior

Lot Size12,375 sqft

Building Information

Year Built1942
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480122000276001
Lot NumberB910
SubdivisionDean
Land UseResidential
Legal DescriptionDEAN LOT B910 BLOCK 16 ACRES .2841
Census Tract000900
Assessed Land Value$26,730
Assessed Improvement Value$148,270
Assessment Year2025

About this property

NOW UNDER CONSTRUCTION with buyers able to make their own selections! ~~~ As of early April 2026, the following is new: all siding, windows, the roof, full electrical rewire, and more! Please inquire to confirm construction status and pricing as the project moves forward daily. ~~~ Offering a single floor, three bedroom, two bathroom layout across 2,232 square feet, the main home features two large living areas and a formal dining area. With a nifty floor plan and loads of potential flexibility, the 'bones' are spectacular! ~~~ What's more, this home offers a detached guest area which benefits from an additional kitchenette, full bathroom, living room, and bedroom! With ground floor access, this money maker accommodates extended family, short-term rental, and long-term rental! ~~~ Rounding out the impressive amenity list, the homes two car, attached garage (virtually unseen in historical neighborhoods) elevates the opportunity for those in the know! ~~~ Within the past year or so, two other Pine Avenue homes, just blocks away, have sold for more than $200.00 per foot. One, a comprehensive remodel, brought $241.00 per foot without a garage and without guest quarters! Surely this is THE opportunity you're looking for! Call to schedule your showing of this fabulous Dean Highland area property today so that you can finish the year with a home run!

Investor Tools

$327,637Estimated Mortgage Balance
$43,363Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Matthew McLeod

The McLeod Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$484/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,948
$175,000
2025
$26,730
$148,270
$175,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,948
$175,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Funding Investments Inc
Unknown
$332,500
No
First
Aug 12, 2025
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,637
$43,363
11%
88%
$1,994/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,994/mo
$-664/mo
4.3%

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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