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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 129 N Lakeview Dr, Waco, TX, 76705 offers $2,621/mo rent that, after a $1,101/mo payment, leaves $1,021/mo cash flow. Total monthly income is $2,621/mo, and annual cash flow is $12,255/yr on $74,588 cash. Return on cash invested measures 36.34% in year one, and rental yield stands at 13.98% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 192.22% and total cumulative return in cash reaches $143,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,621/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
7,487 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 |
|---|---|---|
| 2024-08-19 | Listed for sale | $225,000 |
| 2019-07-15 | Sold | N/A |
| 2019-06-16 | Pending sale | $137,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $3634.40 | 9.61% | $205,330 | 17.68% |
| 2022-08-31 | $3315.62 | 1.81% | $174,480 | 14.80% |
| 2021-08-31 | $3256.81 | N/A | $151,980 | 14.29% |
Listed by: Jordan Alders • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #225018
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 02:58:24 PDT
