1317 Elise 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
Investment property for sale in Waco at 1317 Elise Ave, Waco, TX, 76706 with 5% annual appreciation on a $285,900 basis while $3,904/mo rent supports operations. Total monthly income totals $3,904/mo and a $1,399/mo payment preserves $1,871/mo for cash returns. Annual cash flow comes to $22,455/yr on $94,776 deployed, and return on cash invested reaches 43.6% in year one. Equity gained on principal adds $1,845/yr, and five-year appreciation sums $78,989 alongside rental yield of 16.39%. Five-year ROI measures 231.14% and total cumulative return in cash totals $219,061.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,904/mo property income versus a $1,399/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No 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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