4816 Inwood Drive
About This Property
Situated on a generous 0.33-acre lot, this property features two spacious living areas, creating a flexible floor plan that's ideal for entertaining, working from home, or simply enjoying extra room to spread out. The kitchen offers abundant cabinet storage, a breakfast bar, and opens to the main living space for comfortable everyday living.
Major updates have already been completed, including an updated HVAC system, updated plumbing, and a newer water heater, allowing the next owner to focus on making the home their own instead of tackling costly mechanical improvements.
Step outside to discover one of the home's standout features-a large, fully fenced backyard with endless possibilities. Whether you envision weekend barbecues, gardening, pets, outdoor games, or future projects, there's room to make it happen. Two storage buildings provide plenty of space for tools, equipment, hobbies, or seasonal storage, while the covered carport adds everyday convenience.
Built in 1962 and thoughtfully cared for over the years, this move-in ready home offers the perfect blend of character, functionality, and modern updates. If you've been searching for a Waco home with two living areas, a large backyard, recent mechanical updates, and exceptional value, this is one you won't want to miss.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2026 | Listed by CENTURY 21 Judge Fite Company | $190,000 | |
| Listed by CENTURY 21 Judge Fite Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017