512 Herring Avenue, Waco, TX 76708 – ID 227753

One block from Cameron Park, updated 2/2, appliances included. The lot to the left of the house, 508 Herring lot is included in the sale. The house is zoned R-3E and eligible for a short-term rental license, STR Type II for a permit by right. The lot to the left is suitable for a nice outdoor space or buyer could chose to build. The lot is located in the opportunity zone. The owner will finance as an investment property with 15% down. The owner will consider lower down payment for owner occupant.

OWNER FINANCE
$225,000, $33,750 Down
360 months / 7%

Loan Payment will include escrows and servicing fees
PITI $1272.39
Taxes 293.26
Ins 125.00 (Contact insurance company to get a quote – short termrental insurance will be higher)
35.00 Servicing Fee
$1,725.65 Estimated payment including taxes and insurance

Buyer Closing Costs: $1250.00
RMLO Documents $495.00 (excluded for investor purchase)

One year house insurance paid at closing & 2 months escrow taxes & insurance
$586 – Property Tax Escrow (based of 2024 taxes)
$250 – Insurance Escrow (estimated, actual amount based on buyer ins)
Loan documents will be Dodd Frank compliant