








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 1214 Baylor Ave, Waco, TX, 76706 offers a 9.03% rental yield on a $132,700 purchase with $999/mo rent. 26% in year one. Equity gained on principal adds $856/yr while 5% annual appreciation supports $36,663 over five years. Portfolio math shows five-year ROI at 91.35% and total cumulative return in cash at $40,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $999/mo property income against a $650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
1,306 sqft lot
$N/A/sqft
$152 monthly HOA
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,478 (100%) |
| Owner Occupied HU | 6,004 (34.4%) |
| Renter Occupied HU | 9,655 (55.2%) |
| Vacant Housing Units | 1,819 (10.4%) |
| Median Home Value | $272,760 |
| Average Home Value | $299,834 |
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
Date | Event | Price |
|---|---|---|
| 2025-09-22 | Listed for sale | $132,700 |
| 2025-09-17 | Listing removed | $1,000 |
| 2025-07-17 | Price change | $1,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Frances Calderon • Graceland Real Estate
Mls Name: NTREIS
Mls ID: #21062770
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.