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$285,000

4220 Watt Avenue, Waco, TX, 76710

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.37 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Exterior FeaturesFire Pit, Storage, Garden
Lot Size15,098 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480382000061007
Lot Number14B,15A
SubdivisionSouth Overlook
Land UseResidential
Legal DescriptionSOUTH OVERLOOK LOT 14B 15A BLOCK D ACRES .3466
Census Tract002498
Assessed Land Value$27,930
Assessed Improvement Value$204,620
Assessment Year2025

About this property

Super rare, but super well priced, we're thrilled to share this centrally located Wacotown home that's as cute as it is practical! --- This charming cottage features not only a high-quality remodel, but an impossible to find, super adorable detached guest house that's perfect more multiple generations, a home office, extra income, and in-law visits! --- Poised in a prime area of Central Waco this home benefited from a high quality, no corners cut approach to both design and construction. The primary home, a two-bedroom, two-bathroom layout spread across 1,440 square feet, lives exceptionally large with high volume rooms, ample windows, and clever uses of space which ensure practicality, convenience, and a modern lifestyle. --- Completely reworked, both bathrooms and the kitchen have been gutted to studs, expanded, and reconstructed with utmost attention paid to space, common use, and design, while still retaining an era correct feel that’s cohesive with the home’s design language. --- Outside, the detached guest house is still in process. Floorplan option include installation of mini-kitchen, use a mother-in-law suite, guest house for short term rental, or exceptional home office space. --- With new privacy fencing, a new deck, and abundant sunlight, the backyard offers a “blank canvas” to create the personal oasis of your dreams. --- Featuring this prime location and ultra-rare, detached living space, this home is truly one-of-a-kind. You'll want to act fast to secure this property! With so much value packed into this property, you definitely don’t want to miss out!

Investor Tools

$180,416Estimated Mortgage Balance
$101,584Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Matthew McLeod

The McLeod Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,446
$232,550
2025
$27,930
$204,620
$232,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,446
$232,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Na
Purchase Money Mortgage
$200,250
No
First
Apr 22, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,416
$101,584
36%
64%
$1,201/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,201/mo
+$106/mo
5.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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4220 Watt Avenue | Property Details | No Agent List