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$619,900

For Sale - Active
2101 Washington Ln, Waco, TX 76708
4 Beds
3 Baths
2,614 Square Feet
0.34 Acres Lot
Built in 2024
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 02, 2025 at 03:47AM

Investment Summary


Monthly Cash Flow
-$2,030
Cap Rate
2.3%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.5%

Property Description


0.34 Acres Lot
Built in 2024
For Sale - Active
Units n/a

This home takes classic design elements of a ranch house and adds efficiency and class. Key features to this home include four bedrooms, three bathrooms, a large isolated Primary bedroom with spa-like bathroom, oversized flex room, and an abundance of storage. You can expect luxury vinyl plank flooring in all the living spaces and primary bedroom, custom wood cabinetry, tiled Primary bath with accent tiled shower, double pane windows, crown molding and full window trim, quartzite countertops, stainless steel appliances, and lavish light fixtures. Other standard features you can expect from RDH are an engineered foundation, 30-year roof shingle, full masonry exterior, OSB sheathing over the entire home, energy-efficient PEX plumbing, foam insulation in walls and roof deck, exterior accent lighting, sprinkler system, full landscaping, under-cabinet lighting, and more.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Garage Faces Side
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $75/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 140558000023001
  • Lot Size: 14723 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2024

Tax Information

  • Annual Tax: $1,348

Utilities

  • Heating: Exhaust Fan, Central, Electric, Heat Pump
  • Cooling: Central Air, Electric, Heat Pump

Location

  • County: Mc Lennan

Listing Details


Listed by:
Genny Davis
Coldwell Banker Apex, REALTORS
(254) 640-1936

Source:
North Texas Real Estate Information Systems (NTREIS)
MLS#: 227812
North Texas Real Estate Information Systems (NTREIS)

Investment Summary


Monthly Cash Flow
-$2,030
Cap Rate
2.3%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.5%

Purchase Details

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Purchase price:
$619,900
Amount financed:
-$495,920
Down payment:
$123,980
Closing costs:
$18,597
Rehab costs:
$0
Initial cash invested:
$142,577
Square feet:
2,614
Cost per square foot:
$237
Monthly rent per square foot:
$0.77

Financing Details

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Loan amount:
$495,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.770%
Principal & interest:
$3,223
Property tax:
$112
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,475

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$112-$1,348
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (4%)
4%-$75-$900
Total operating expenses: (34%)
34%-$687-$8,248

Cash Flow


Monthly Yearly
Net operating income:
$1,193 $14,316
Mortgage payments:
-$3,223 -$38,676
Cash flow:
$2,030 $24,360