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$106,000

NAL Estimated Property Value

3216 Homan Ave, Waco, TX, 76707

$137,800 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths912 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$95.39 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesRefrigerator, Gas Water Heater
FlooringLaminate, Other

Exterior

Lot Size8,250 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480226000239007
Lot Number5
SubdivisionHighland
Land UseResidential
Legal DescriptionHIGHLAND LOT 5 BLOCK 19 ACRES .1894
Census Tract000900
Assessed Land Value$21,780
Assessed Improvement Value$58,220
Assessment Year2025

About this property

Come make this house a home! Per the seller, the water heater is about 2 years old and the roof on both the main home and the garage were replaced about 3.5 years ago. The refrigerator conveys. Upon entering the house, you will walk into a large common space which could serve as a sizable living room. As you continue walking to the back of the home, you will pass the entrance to one of the bedrooms on the righthand side, then find yourself in what currently would serve best as the formal dining room. To your right, you'll see the entrance to the second bedroom. Continue straight on and you will find yourself in the kitchen. The bedrooms share a bathroom between them. Check out the original claw foot bathtub, wooden doors and antique doorknobs for character! The backyard is fenced and at the end of the driveway is the detached 480 square foot 2-car garage complete with work bench and shelving for storage. With R1-B zoning, it is currently eligible to be a "Short Term Rental Type I - Owner Occupied". You can quickly hop onto Bosque Boulevard and head into town to run to HEB or Target. The hub bub of downtown Waco and Baylor University are also not a far driving commute. 'As-is' sale.

Investor Tools

Property Icon
$106,000
Estimated Property Value
$108,012Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$137,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$636 /month
Positive
Cash Flow Estimate:
$212 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$204/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,917
$80,000
2025
$21,780
$58,220
$80,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,917
$80,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Relf 7 Llc
Commercial
$115,500
No
First
Nov 28, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,012
N/A
0%
102%
$693/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
$693/mo
+$303/mo
11.3%

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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3216 Homan Ave | Property Details | No Agent List