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A+
NoAgentList RatingHow are grades calculated? Info

$161,000

501 Dearborn St, Waco, TX, 76704

$209,300 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,824 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$52.08 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesVented Exhaust Fan, Gas Water Heater
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesFire Pit
Lot Size7,562 sqft

Building Information

Year Built1951
Stories1
Roof Type105

Land Information

APN480078030019008
Lot Number7
SubdivisionCarver Park No 2
Land UseResidential
Legal DescriptionCARVER PARK NO 2 LOT 7 BLOCK 2 ACRES .1736
Census Tract001401
Assessed Land Value$12,930
Assessed Improvement Value$121,620
Assessment Year2025

About this property

Excellent investment opportunity in the up-and-coming East Waco area - a vibrant, small business hub within blocks of the historic Elm Street revitalization. The Brazos River, MLK Drive, Cameron Park, Doris Miller Memorial, downtown Waco, Magnolia Silos, new hotels and the coming soon "Brazos Riverwalk" are just minutes away. 501 Dearborn has a new HVAC system. Solid home with great bones and good layout, however, NEEDS TLC and is priced accordingly. The half bath can easily be enlarged to accomodate a shower or tub. Fireplace with electric logs, built-ins and a fabulous, mature Magnolia tree in the front yard! SOLD AS IS - No repairs will be made by owner.

Investor Tools

Property Icon
$161,000
Estimated Property Value
$0Estimated Mortgage Balance
$161,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$209,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$966 /month
Positive
Cash Flow Estimate:
$322 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,007
$134,550
2025
$12,930
$121,620
$134,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,007
$134,550

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$161,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
N/A
+$1,354/mo
10.1%

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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