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B+
NoAgentList RatingHow are grades calculated?Info
Days40Days on Market
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$335,000

301 N 40th St, Waco, TX, 76710

$380,627 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,274 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.32 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Other
FlooringCarpet, Wood, Vinyl

Exterior

Lot Size9,749 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480081000101009
Lot Number21
SubdivisionCastle Crest
Land UseResidential
Legal DescriptionCASTLE CREST LOT 21 BLOCK 4 ACRES .2238
Census Tract002498
Assessed Land Value$55,090
Assessed Improvement Value$325,520
Assessment Year2025

About this property

Come see this charming home in an established and prominent Waco neighborhood. Boasting accessibility features like walk-in tub and showers, 2 living spaces, large walk in cedar closet, Jack and Jill layout, large backyard space. Some natural wood floors, walk in shower and tubs. There is so much potential for this home. Move in ready and waiting for someone to come and renovate this gorgeous home in this sought out neighborhood. Ready to create your home sanctuary? This home has so much to offer. The second living space is being utilized as a grand scale primary bedroom, and other rooms have been strategically set up to maximize privacy for current occupants. The nicely shaded backyard with mature trees will be your favorite place to hang out. The back yard boasts 2 great outbuildings, one 12x30 barn-shed and the other being used as a she shed and craft room. You will see lots of hidden space throughout the home, built in ironing board and more in this cute retro 1950 home! If you're looking for a home to establish your own personality and room to explore creative solutions and space, this is it!

Investor Tools

$254,800Estimated Mortgage Balance
$149,200Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$380,627
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,424 /month
Positive
Cash Flow Estimate:
$808 /month

Interested in this property?

Sherry Payne

Keller Williams Realty, Waco

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,102
$283,899
2025
$55,090
$325,520
$380,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,102
$283,899

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Fha
$189,059
Yes
First
Apr 2, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,800
$149,200
36%
63%
$1,659/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,659/mo
$-352/mo
3.9%

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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301 N 40th St | Property Details | No Agent List