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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 1307 Luanne, Waco, TX, 76705 generates $1,597/mo in rent and, after a $808/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,597/mo, and annual cash flow is $4,043/yr on $54,698 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 11.61% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 144.4% and total cumulative return in cash sums $78,983. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,597/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
9,226 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 |
|---|---|---|
| 2025-07-02 | Listed for sale | $165,000 |
| 2013-11-01 | Listing removed | $850 |
| 2013-10-03 | Listed for rent | $850 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-03 | $3774.72 | 30.06% | $184,120 | 13.49% |
| 2023-07-03 | $2902.28 | -6.35% | $162,230 | 6.10% |
| 2022-07-03 | $3099.10 | 10.03% | $152,910 | 20.05% |
Listed by: Pam Whitworth • Heart of Texas Realty
Mls Name: NTREIS
Mls ID: #20977916
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.
