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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 116 Tomahawk Dr, Waco, TX, 76705 offers $2,286/mo rent that, after a $1,221/mo payment, leaves $501/mo cash flow. Total monthly income is $2,286/mo, and annual cash flow is $6,014/yr on $82,709 cash. Return on cash invested measures 27.18% in year one, and rental yield stands at 10.99% at a $249,500 entry. Equity gained on principal adds $1,610/yr while 5% annual appreciation compounds into $68,932 by year five. Five-year ROI records 143.15% and total cumulative return in cash reaches $118,401. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,286/mo property income versus a $1,221/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Date | Event | Price |
|---|---|---|
| 2025-07-23 | Listed for sale | $249,500 |
| 2024-12-04 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $4272.43 | 1.02% | $224,340 | -6.11% |
| 2023-07-23 | $4229.12 | 10.46% | $238,930 | 18.59% |
| 2022-07-23 | $3828.70 | N/A | $201,480 | 25.39% |
Listed by: Judson Griffis • Judson Griffis Real Estate
Mls Name: NTREIS
Mls ID: #20975029
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.
