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$261,000

NAL Estimated Property Value

3222 Cumberland Ave, Waco, TX, 76707

$339,300 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,228 Sq Ft
price_per_sqft$119.79 / sqft
Year BuiltBuilt in 1941

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Linoleum, Wood

Exterior

Lot Size12,375 sqft

Building Information

Year Built1941
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480122000529006
Lot Number6
SubdivisionDean
Land UseResidential
Legal DescriptionDEAN LOT 6 A7 BLOCK 37 ACRES .2841
Census Tract000900
Assessed Land Value$26,730
Assessed Improvement Value$234,270
Assessment Year2025

About this property

Welcome to 3222 Cumberland Avenue—a move-in-ready gem in the heart of Waco, offering thoughtful updates, vintage charm, and a central location just minutes from Baylor University, downtown, and Cameron Park. This 3-bedroom, 2.5-bath home features a bright and functional layout with refinished hardwood floors, fresh interior paint, and new ceiling fans. The kitchen has been fully renovated with brand-new cabinets, countertops, and a new stove. Both bathrooms have been updated, including new tile in the downstairs bath and a new toilet and sink upstairs. The home also boasts new flooring in the kitchen, patio room, and both bathrooms. Upstairs, you'll find a spacious bedroom retreat with a brand-new heating and cooling unit, ensuring year-round comfort. Additional upgrades include updated wiring (2018), repaired electrical outlets, improved stair lighting, and a recently serviced foundation for added peace of mind. Enjoy outdoor living on the covered front porch, which features newly repaired steps and a freshly painted floor. The exterior has also been power-washed, and the large, fenced backyard is perfect for entertaining, pets, or gardening. Whether you're a first-time buyer, investor, or parent seeking housing near Baylor, this home is a standout!

Investor Tools

Property Icon
$261,000
Estimated Property Value
$79,392Estimated Mortgage Balance
$181,608Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$339,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,601 /month
Positive
Cash Flow Estimate:
$534 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$716/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,291
$261,000
2025
$26,730
$234,270
$261,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,291
$261,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Unknown
$103,640
No
First
Jul 30, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$79,392
$181,608
69%
30%
$622/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$622/mo
+$685/mo
6.0%

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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