1302 Main StWacoTX76704
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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 1302 Main St, Waco, TX, 76704 generates $1,600/mo in rent and, after a $893/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,600/mo, and annual cash flow is $3,631/yr on $60,476 invested. Return on cash invested sits at 25.91% in year one, and rental yield is 10.52% on a $182,430 entry. Equity gained on principal adds $1,177/yr, while 5% annual appreciation builds toward $50,402 over five years. Five-year ROI reaches 136.28% and total cumulative return in cash sums $82,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
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