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NoAgentList RatingHow are grades calculated?Info

$136,330

NAL Estimated Property Value

3117 Mckenzie Ave, Waco, TX, 76708

$141,492 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.27 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesGas Water Heater, Refrigerator
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size6,839 sqft

Building Information

Year Built1948
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480436000080002
Lot Number5
SubdivisionWenz Hts
Land UseResidential
Legal DescriptionWENZ HTS LOT 5 BLOCK 7 ACRES .157
Census Tract000900
Assessed Land Value$19,770
Assessed Improvement Value$116,560
Assessment Year2025

About this property

Welcome to this delightful 2-bedroom, 1-bathroom home nestled in the desirable Landon Branch neighborhood of Waco, TX. Ideal for first-time homeowners or savvy investors, this residence offers both comfort and convenience. The property boasts a new roof and updated plumbing and electrical services, ensuring peace of mind and low maintenance for years to come. Inside, you’ll find a cozy layout that maximizes space and functionality. The well-sized bedrooms offer ample room for relaxation and personalization, while the charming living area provides a welcoming space for gatherings and daily living. Located within the Waco ISD school district, this home is within close proximity to Mountainview Elementary, making it a perfect choice for families seeking quality education options. The Landon Branch neighborhood itself is known for its friendly atmosphere and community spirit, enhancing the appeal of this already attractive property. Whether you’re starting a new chapter or looking for a lucrative investment opportunity, this home is a must-see. Schedule a tour today and discover the potential of this inviting space in a vibrant Waco community!

Investor Tools

Property Icon
$136,330
Estimated Property Value
$140,663Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$141,491
Rent-to-Value Ratio: 0.72%
Rent Estimate
$839 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,028
$136,330
2025
$19,770
$116,560
$136,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,028
$136,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Loans
Va
$144,519
Yes
First
Nov 8, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,663
N/A
0%
103%
$867/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,010/mo
$867/mo
+$143/mo
8.9%

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.

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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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3117 Mckenzie Ave | Property Details | No Agent List