1007 E Calhoun AveWacoTX76704
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waco at 1007 E Calhoun Ave, Waco, TX, 76704 uses $82,842 cash to close to unlock $3,157/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,223/mo payment keeps the spread at $263/mo. Purchase price stands at $249,900, and rental yield measures 9.8% with $2,040/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 124.53% and total cumulative return in cash records $103,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
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