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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 1215 Kellum St, Waco, TX, 76704 priced at $450,000 converts $2,770/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,770/mo. Return on cash invested prints 16.45% in year one, and rental yield reads 7.39% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 85.49% and total cumulative return in cash sums $127,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,770/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,969 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 |
|---|---|---|
| 2025-06-20 | Price change | $450,000 |
| 2025-05-29 | Listed for rent | $1,800 |
| 2024-11-08 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $283.54 | 0.62% | $12,570 | N/A |
| 2023-06-20 | $281.80 | 2.42% | $12,570 | 15.00% |
| 2022-06-20 | $275.15 | -4.60% | $10,930 | -1.97% |
Listed by: Patricia Meadows • Graceland Real Estate
Mls Name: NTREIS
Mls ID: #20973825
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.
