924 Gurley Lane
About This Property
Whether you're a first-time homebuyer looking for a move-in-ready home or an investor seeking immediate cash flow, this property checks every box.
This beautifully reimagined 2-bedroom, 1-bath home has been completely renovated from the framing and windows to the flooring, fixtures, and finishes, offering modern style, quality craftsmanship, and peace of mind.
Currently operating as a successful, fully furnished mid-term rental, this property is being sold with all furnishings, decor, housewares, and everything inside the home included, making it a true turnkey opportunity. Simply close and continue operating it as an income-producing rental, or move right in and enjoy a fully furnished home.
The oversized lot offers additional value with room to build an ADU, garage apartment, or guest house (subject to local regulations), creating even more income potential or space for multigenerational living.
Conveniently located just minutes from Baylor University, downtown Waco, I-35, Magnolia Market, hospitals, shopping, and dining, this home is ideally positioned for traveling professionals, Baylor affiliates, homeowners, or investors alike.
With a complete renovation, furnishings included, proven rental income, and endless possibilities for future expansion, this is a rare opportunity to own a truly turnkey property.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 20, 2026 | Listed by Turner Brothers Real Estate, LLC | $160,000 | |
| Listed by Turner Brothers Real Estate, LLC | |||
| Dec 6, 2025 | No longer available | - | |
| No longer available | |||
| Jul 24, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017