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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% |
Investment property for sale in Waco at 1124 Faulkner Ln, Waco, TX, 76704 listed at $234,999 pairs $1,403/mo rent with a $1,150/mo payment. Total monthly income runs $1,403/mo. Return on cash invested measures 15.78% in year one, and rental yield registers 7.16% at a $234,999 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 81.99% and total cumulative return in cash totals $63,868. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,403/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
5,837 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
| 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 |
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $234,999 |
| 2024-10-04 | Sold | N/A |
| 2024-09-17 | Pending sale | $18,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $249.92 | 0.61% | $11,080 | N/A |
| 2023-04-24 | $248.40 | 2.05% | $11,080 | 14.58% |
| 2022-04-24 | $243.42 | 95.64% | $9,670 | 101.04% |
Listed by: Paloma Montes • White Label Realty
Mls Name: NTREIS
Mls ID: #20914378
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
