








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Waco at 1001 Preston St, Waco, TX, 76704 generates $1,374/mo in rent and, after a $832/mo payment, leaves $165/mo in cash flow. Total monthly income is $1,374/mo, and annual cash flow is $1,982/yr on $56,355 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.7% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash sums $69,309. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,627 (100%) |
| Owner Occupied HU | 1,188 (32.8%) |
| Renter Occupied HU | 1,983 (54.7%) |
| Vacant Housing Units | 456 (12.6%) |
| Median Home Value | $137,931 |
| Average Home Value | $259,444 |
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Listed for sale | $170,000 |
| 2025-07-15 | Price change | $1,300 |
| 2025-05-22 | Listed for rent | $1,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-24 | $1714.34 | 0.62% | $76,000 | N/A |
| 2023-07-24 | $1703.85 | -10.94% | $76,000 | N/A |
| 2022-07-24 | $1913.15 | 11.88% | $76,000 | 14.96% |



Listed by: Jacob Sloan • EG Realty
Mls Name: NTREIS
Mls ID: #21002224
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.