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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 1113 Melrose Dr, Waco, TX, 76710 priced at $219,900 converts $3,000/mo rent into $1,226/mo cash flow after a $1,076/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $14,716/yr on $72,897 invested. Return on cash invested prints 40.1% in year one, and rental yield reads 16.37% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 213.61% and total cumulative return in cash sums $155,716. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,123 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76710, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 5,432 (44.7%) |
| Renter Occupied HU | 5,927 (48.8%) |
| Vacant Housing Units | 784 ( 6.5%) |
| Median Home Value | $276,703 |
| Average Home Value | $347,593 |
Residential
11,594
Single Family
8,678
Multi-Family
2,916
Businesses
1,729
Date | Event | Price |
|---|---|---|
| 2024-08-16 | Listed for sale | $219,900 |
| 2024-07-13 | Listing removed | N/A |
| 2024-07-03 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $6172.62 | -5.74% | $275,330 | 5.84% |
| 2022-08-31 | $6548.24 | 39.88% | $260,130 | 43.74% |
| 2021-08-31 | $4681.16 | N/A | $180,970 | 12.66% |
Listed by: Aaron Anderson • Cromwell King Holdings
Mls Name: WMLS
Mls Provider:
Mls ID: #224097
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 01:58:27 PDT
