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$160,000

924 Gurley Ln, Waco, TX, 76706

$202,337 ARVInfo
Under ContractInfo
Beds2 Beds
Baths1 Bath
Baths810 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.53 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Range, Microwave
FlooringNone, Wood

Exterior

Lot Size12,197 sqft

Building Information

Year Built1966
Stories1
Roof Type105

Land Information

APN480258000010004
Lot Number10A,16A
SubdivisionKivett
Land UseResidential
Legal DescriptionKIVETT LOT 10A 16A BLOCK F ACRES .28
Census Tract001900
Assessed Land Value$30,240
Assessed Improvement Value$60,760
Assessment Year2025

About this property

Fully Furnished & Income-Producing Near Baylor & Downtown Waco! Whether you're a first-time homebuyer looking for a move-in-ready home or an investor seeking immediate cash flow, this property checks every box. This beautifully reimagined 2-bedroom, 1-bath home has been completely renovated from the framing and windows to the flooring, fixtures, and finishes, offering modern style, quality craftsmanship, and peace of mind. Currently operating as a successful, fully furnished mid-term rental, this property is being sold with all furnishings, décor, housewares, and everything inside the home included, making it a true turnkey opportunity. Simply close and continue operating it as an income-producing rental, or move right in and enjoy a fully furnished home. The oversized lot offers additional value with room to build an ADU, garage apartment, or guest house (subject to local regulations), creating even more income potential or space for multigenerational living. Conveniently located just minutes from Baylor University, downtown Waco, I-35, Magnolia Market, hospitals, shopping, and dining, this home is ideally positioned for traveling professionals, Baylor affiliates, homeowners, or investors alike. With a complete renovation, furnishings included, proven rental income, and endless possibilities for future expansion, this is a rare opportunity to own a truly turnkey property.

Investor Tools

$0Estimated Mortgage Balance
$158,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$202,336
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,029
$91,000
2025
$30,240
$60,760
$91,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,029
$91,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$154,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,010/mo
N/A
+$1,010/mo
7.7%

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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924 Gurley Ln | Property Details | No Agent List