1121 Brook Ave, Waco, TX, 76708 | 7.8% Rental Yield

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1121 Brook Ave, Waco, TX, 76708 | 7.8% Rental Yield | 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

Rental property for sale in Waco at 1121 Brook Ave, Waco, TX, 76708 priced at $320,000 pairs $2,080/mo rent with after a $1,566/mo payment. Total monthly income equals $2,080/mo. Return on cash invested is 17.7% in year one, and rental yield stands at 7.8% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 92.21% and total cumulative return in cash reaches $97,815. For financing, Ziffy Mortgage’s DSCR program evaluates $2,080/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2022

8,494 sqft lot

$N/A/sqft

No HOA

More details about the property

TURN KEY CURRENT AIR BNB! Welcome to 1121 Brook Avenue in Waco, Texas! This fully furnished property offers a unique opportunity for both homeowners and investors alike. Boasting three bedrooms, two bathrooms, and a range of enticing feature. Upon entering, you'll immediately notice the attention to detail and the warm ambiance that greets you. The kitchen is a standout feature, boasting an elegant breakfast bar and stunning granite countertops. It's the perfect space for enjoying casual meals with family and friends. The open floor plan seamlessly connects the kitchen to the living area, creating a spacious and inviting atmosphere. The generous rooms throughout feature ample natural light, creating a bright and airy feel. Step outside onto the covered back porch and discover an oasis of tranquility, perfect for unwinding after a long day or entertaining guests in a peaceful setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76708, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,229 (100%)
Owner Occupied HU	6,695 (59.6%)
Renter Occupied HU	3,871 (34.5%)
Vacant Housing Units	663 ( 5.9%)
Median Home Value	$262,406
Average Home Value	$291,043