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$271,000

NAL Estimated Property Value

521 Herring Avenue, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,106 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.53 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

Exterior

Lot Size11,391 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480222000021010
Lot Number16
SubdivisionHerring M D
Land UseResidential
Legal DescriptionHERRING M D LOT 16 BLOCK 117 ACRES .2615
Census Tract001300
Assessed Land Value$19,590
Assessed Improvement Value$190,870
Assessment Year2025

About this property

OWNER FINANCE OPPORTUNITY – Discover the potential of this spacious 2-bedroom, 2-bath home located in Waco’s growing Opportunity Zone. Perfect for homeowners, investors, or developers, this property sits on an oversized lot with desirable R-3E zoning, one of Waco’s most flexible high-density residential designations. The zoning allows for a variety of future development possibilities including duplexes, townhomes, and multifamily projects. The adjacent lot is also available for purchase, creating even greater expansion and investment opportunities. Inside, the home has been refreshed with recent updates including fresh interior paint and new flooring, offering a clean and move-in ready feel. The property also features a detached garage and additional storage space ideal for a workshop, studio, or hobby area. Relax on the covered front porch while enjoying the added space and versatility this oversized lot provides. Conveniently located just minutes from Cameron Park, the Cameron Park Zoo, and the Brazos River, this property offers easy access to some of Waco’s most popular outdoor attractions, trails, recreation areas, and entertainment destinations. Downtown Waco, Baylor University, shopping, dining, and major thoroughfares are also just a short drive away. FLEXIBLE PATH TO HOMEOWNERSHIP – Owner financing is available for qualified buyers, making this a great opportunity for those seeking alternative financing options. Whether you’re searching for a primary residence, rental property, or future development investment, this property offers outstanding flexibility and long-term potential in one of Waco’s developing areas.

Investor Tools

Property Icon
$271,000
Estimated Property Value
$237,712Estimated Mortgage Balance
$33,288Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,626 /month
Positive
Cash Flow Estimate:
$542 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$456/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,121
$210,460
2025
$19,590
$190,870
$210,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,121
$210,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Va
$245,000
Yes
First
Sep 13, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,712
$33,288
12%
88%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,469/mo
$-139/mo
5.9%

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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521 Herring Avenue | Property Details | No Agent List