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$171,000

4005 Shelby Ave, Waco, TX, 76711

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,198 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.47 / sqft
Year BuiltBuilt in 1950

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
AppliancesDishwasher, Gas Water Heater, Refrigerator, Vented Exhaust Fan
FlooringVinyl

Exterior

Lot Size9,570 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480220000023009
Lot NumberB15
SubdivisionHays Hts 2
Land UseResidential
Legal DescriptionHAYS HTS 2 LOT B15 BLOCK 3 ACRES .2197
Census Tract004300
Assessed Land Value$23,540
Assessed Improvement Value$140,470
Assessment Year2025

About this property

Don’t miss this charming 2-bedroom, 1-bathroom home with a bonus room—full of updates you won’t find at this price in Waco! Priced under $160,000, it boasts brand-new siding, foundation repairs, updated plumbing, new cabinets, a gorgeous granite island, new flooring, fresh paint, and more. You’ll love the open kitchen layout, spacious laundry room, and beautiful beams in the living room. The large backyard offers plenty of space for relaxation or entertaining, and the central location adds to the convenience. This one won’t last long—come take a look today!

Investor Tools

Property Icon
$171,000
Estimated Property Value
$171,830Estimated Mortgage Balance
$2,195Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,026 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$653
$164,010
2025
$23,540
$140,470
$164,010
Yes (2019)

Tax History

Year
Tax Paid
Assessed Value
2024
$653
$164,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Fha
$171,830
Yes
First
May 2, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,805
$2,195
1%
99%
$1,031/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,190/mo
$1,031/mo
+$159/mo
8.4%

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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4005 Shelby Ave | Property Details | No Agent List