112 Pleasant Grove Ln, Waco, TX, 76712 | $510/mo Cash Flow

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112 Pleasant Grove Ln, Waco, TX, 76712 | $510/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 112 Pleasant Grove Ln, Waco, TX, 76712 with 5% annual appreciation on a $199,000 basis while $1,925/mo rent supports operations. Total monthly income totals $1,925/mo and a $974/mo payment preserves $510/mo for cash returns. Annual cash flow comes to $6,119/yr on $65,969 deployed, and return on cash invested reaches 29.18% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 11.61%. Five-year ROI measures 153.77% and total cumulative return in cash totals $101,442.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,925/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1985

4,573 sqft lot

$N/A/sqft

No HOA

More details about the property

Easy living in the desirable Bent Tree subdivision in Woodway. Walk in to open living, dining area with wood burning fireplace. Kitchen is open to dining area and features an eat-at-bar and stainless appliances to include, refrigerator, freestanding range, microwave and dishwasher. Downstairs half bath for guests. Primary upstairs bedroom has large picture window and vaulted ceiling with ample closet space. Primary bathroom features dual vanity, tub and shower. Upstairs guest room is ample size for guest and guest bathroom with tub, shower combo. The benefits of this HOA include exterior maintenance, lawn care and access to the pool and club house which makes for an easy, enjoyable lifestyle. One car, front entry garage. Bent Tree has beautiful established trees throughout the neighborhood. Conveniently located to grocery, medical and schools. Call to schedule your private showing. $199,000

Neighborhood Data

Neighborhood data shown for ZIP Code: 76712, Woodway, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,159 (100%)
Owner Occupied HU	7,758 (63.8%)
Renter Occupied HU	3,664 (30.1%)
Vacant Housing Units	737 ( 6.1%)
Median Home Value	$345,561
Average Home Value	$391,016