2125 Live Oak Ave.

Property Specs

Asking Price: $159,999

Built in 1941 and remodeled in 2022, this 2-bedroom 1-bath 920-square foot fully remodeled property is located in the heart of Waco’s fastest-revitalizing neighborhood.

This property appears to meet the zoning qualifications to be eligible for short-term rental licensing (e.g. Airbnb). Additionally, this property would make a great long-term rental with rising rent rates in this neighborhood.

  • 12 minutes to Baylor University
  • 10 minutes to Magnolia Market
  • 6 minutes to Cameron Park Zoo

Financials

Sales Price: $159,999

MRER LLC clients, click here to contact an agent for your exclusive sales price and customized report
Long-Term Rental: 
Estimated Monthly Cashflow: $372/mo
Estimated Cap Rate: 8.5%
Estimated COC ROI: 10%
Assumptions: Renting At: $1450/mo, APR: 6.5%, Down Payment: 25% Property Management Cost: 10%

Information deemed reliable but not guarnteed. Real estate investing is speculative in nature. MRER, LLC urges you to discuss all real estate related decisions with an attorney and accountant.

Scope of Work Completed

Sales Price: $159,999

Work Completed on This Property Includes:

  • Foundation Leveling with Transferable Warranty
  • New HVAC System
  • New Windows Throughout
  • Exterior Painting
  • Interior Skim Coat, Texture, and Painting
  • Kitchen Remodel
  • Bathroom Remodel
  • Electrical Updates Throughout
  • Landscaping
    More!

Sales Comparables

Market Summary Analysis

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Market Summary Analysis

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