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$149,000

NAL Estimated Property Value

3508 Homan Ave, Waco, TX, 76707

$163,940 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,068 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.86 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Microwave
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size8,250 sqft

Building Information

Year Built1946
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480341000079007
Lot Number7
SubdivisionQueen Crest
Land UseResidential
Legal DescriptionQUEEN CREST LOT 7 BLOCK 5 ACRES .1894
Census Tract002700
Assessed Land Value$21,780
Assessed Improvement Value$109,850
Assessment Year2025

About this property

Perfect starter or investment property! Completely remodeled 2 bedroom 1 bath home in Dean Highland elementary school area. Home has updated electric, new windows, new cabinets, fixtures, tub, toilet... you name it. It's new. Even the sheetrock! New washer and dryer included. Complete with large, fenced backyard. Don't miss it! Will come with a home warranty! Seller is listing agent.

Investor Tools

Property Icon
$149,000
Estimated Property Value
$140,621Estimated Mortgage Balance
$8,379Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$163,940
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,094
$131,630
2025
$21,780
$109,850
$131,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,094
$131,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$152,000
No
First
May 4, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,621
$8,379
5%
94%
$912/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
$912/mo
+$84/mo
8.0%

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.

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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3508 Homan Ave | Property Details | No Agent List