Selected for the Terner Labs Housing Venture Lab

2316 Mckenzie Avenue 18, Waco, TX 76708

Active
Listed 30 days ago
Owner-Occupant Eligible
$199,900

About $538 a month to live here, after the rent from the other home.

Duplex1,897 sqft4 beds2 bathsListed Oct 13, 2026

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

Live here for about

$538a month

The other home rents for $1,195. We hold back $233 of that for repairs and an empty month, and the rest goes toward a $1,500 monthly payment.

Income to qualify: about $31,000 a year

With how much down?

At 20% down ($39,980) 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 $28,000 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.

$6,997 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Investment Opportunity – Income-Producing Duplex! Excellent opportunity to add an income-producing property to your investment portfolio! This duplex features two separate units, each offering 2 bedrooms, 1 bathroom, and a functional floor plan designed for comfortable everyday living. Both units feature granite countertops, a combination of luxury vinyl plank flooring and carpet, central air conditioning, and individual laundry hookups for added convenience. Each unit also offers its own private entrance and dedicated parking space. With active leases already in place, this property presents an attractive opportunity for investors seeking an established rental property with immediate income potential. It is also available as part of a larger investment portfolio with MLS 21409129 and MLS 21409264.

Duplex

Property Type

8,233 sqft

Lot Size

1910

Year Built

Listing Date: 10/13/2026

Listed by: Kathryn Townson

Listing office: Kelly, Realtors

Source: NTREIS #21414361

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%
$199,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$199,900
Your Down Payment$39,980
Financed$159,920
Estimated Monthly Payment$1,500

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 ($39,980) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$1,500/month
Principal + Interest
$918
Property Taxes
$240
Home Insurance
$342
Rental Income (1 Unit)
$1,195/month

From market rates for this unit's size.

Rental Expenses
-$233
Cost to live here
$538/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# 21414361 · Listing office: Kelly, Realtors

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.