




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


Investment property for sale in Waco at 1005 E Craven Ave, Waco, TX, 76705 listed at $191,480 pairs $1,822/mo rent with a $937/mo payment to leave $461/mo cash flow. Total monthly income runs $1,822/mo, and annual cash flow reaches $5,527/yr on $63,476 cash to close. Return on cash invested measures 28.62% in year one, and rental yield registers 11.42% at a $191,480 basis. Equity gained on principal adds $1,236/yr, and annual property appreciation at 5% supports $52,902 by year five. Five-year ROI tracks 150.78% and total cumulative return in cash totals $95,709. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,822/mo property income relative to a $937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Date | Event | Price |
|---|---|---|
| 2025-10-02 | Listing removed | $119,600 |
| 2025-09-26 | Price change | $119,600 |
| 2025-09-25 | Price change | $119,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-19 | N/A | N/A | $157,234 | 9.18% |
| 2024-10-19 | $1812.00 | 19.85% | $144,014 | 5.27% |
| 2023-10-19 | $1511.94 | -11.10% | $136,805 | 11.61% |



Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A