1140 Faulkner Ln, Waco, TX, 76704
About This Home
Great income-producing property's ready for its next owner! This well laid out 2 bedroom, 1 bathroom home sits on a spacious lot in the heart of a neighborhood that’s actively being revived. The home needs a little love, but the best part is that it stays rented, making it a solid option for investors looking for steady rental potential. Don’t miss this chance to add a cash-flowing property to your portfolio in a growing area of Waco!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Range
Bedroom
- Level: First
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
- Dimensions: 0 x 0
Features
- High Speed Internet
- Flooring: Vinyl
Interior Area
- Total interior livable area: 876 sqft
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: 480056030007008
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 5,837 sqft
Parking
- Parking features: Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Lightning
- Hail
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $480 | $5,760 |
| Home Insurance * | $149 | $1,788 |
| Property Taxes | $174 | $2,088 |
| Electricity | $238 | $2,859 |
| Total | $1,041 | $12,492 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-22 | Listed for sale | $95,000 |
| 2026-04-01 | Listing removed | $850 |
| 2026-03-27 | Listing removed | $120,000 |
| 2026-01-22 | Listed for sale | $120,000 |
| 2025-12-10 | Listed for rent | $850 |
| 2025-06-05 | Listing removed | $850 |
| 2025-05-20 | Price change | $850 |
| 2025-04-18 | Price change | $900 |
| 2025-04-01 | Price change | $950 |
| 2025-01-22 | Price change | $1,000 |
| 2025-01-14 | Price change | $1,100 |
| 2024-08-07 | Listed for rent | $1,150 |
| 2019-10-30 | Listing removed | $65,000 |
| 2019-06-03 | Listed for sale | $65,000 |
| 2017-11-02 | Listing removed | $700 |
| 2017-10-19 | Listed for rent | $700 |
| 2017-03-03 | Listing removed | $650 |
| 2017-01-23 | Listed for rent | $650 |
For Sale by Agent
View on Zillow