1294 Speight AveWacoTX76706
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Waco at 1294 Speight Ave, Waco, TX, 76706 generates $1,430/mo in rent, after a $870/mo payment. Total monthly income is $1,430/mo. Return on cash invested sits at 19.6% in year one, and rental yield is 9.65% on a $177,799 entry. Equity gained on principal adds $1,147/yr, while 5% annual appreciation builds toward $49,123 over five years. Five-year ROI reaches 103.73% and total cumulative return in cash sums $61,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,430/mo property income rather than buyer’s personal income.
Condo
Built in 1983
1,816 sqft lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
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Listed by: Lezlie Roark • Homes By Lainie Real Estate Group
Mls Name: WMLS
Mls Provider:
Mls ID: #225221
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 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:53:23 PST