Selected for the Terner Labs Housing Venture Lab

1903 S 11th Street, Waco, TX 76706

Active
Listed 127 days ago
Owner-Occupant Eligible
$1,200,000

About $5,649 a month to live here, after the rent from the other home.

Duplex3,518 sqft8 beds4 bathsListed Jul 8, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$5,649a month

The other home rents for $2,408. We hold back $361 of that for repairs and an empty month, and the rest goes toward a $7,696 monthly payment.

Income to qualify: about $193,000 a year

With how much down?

At 20% down ($240,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $165,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$42,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

While you've likely heard the old adage 'LOCATION, LOCATION, LOCATION', have you heard its new and improved companion: 'CASH FLOW, CASH FLOW, CASH FLOW'? This Baylor University area property offers BOTH! ~~~ Poised in the absolute center of the 'Baylor Bubble', this distinctive duplex just underwent a host of improvements and updates transforming it into THE property in the 'Bubble'. Featuring a dual, four bedroom, two bathroom layout across 3,518 square feet, this might be the best buy in all of Baylor! ~~~ Walkable to class, ample parking, and it needs nothing; what more could you want? How about immediate occupancy and even short-term rental opportunity! The choice is yours with this exceptional property! ~~~ Whether you're seeking a long-term investment, short-term cash flow that opens the door for your Baylor student next fall, or you're seeking zoning allowing for short-term rental on AirBnb and VRBO; this is an investment worth consideration! ~~~ Regardless of the priority you seek: location, cash flow, convenience, a turn-key opportunity, or all of the above; this property is a MUST SEE!

Duplex

Property Type

8,233 sqft

Lot Size

2014

Year Built

Listing Date: 07/08/2026

Listed by: Matthew McLeod

Listing office: The McLeod Company

Source: NTREIS #21320407

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,200,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,200,000
Your Down Payment$240,000
Financed$960,000
Estimated Monthly Payment$7,696

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($240,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,696/month
Principal + Interest
$5,511
Property Taxes
$1,683
Home Insurance
$502
Rental Income (1 Unit)
$2,408/month

From the listing description.

Rental Expenses
-$361
Cost to live here
$5,649/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21320407 · Listing office: The McLeod Company

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.