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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% |
Investment property for sale in Waco at 132 Hobbs Ln, Waco, TX, 76706 at $749,000 posts ROI 12.53% with from $3,779/mo rent. Total monthly income equals $3,779/mo. Return on cash invested measures 12.53% and rental yield reads 6.05% at the current $749,000. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 by year five. Five-year ROI prints 64.43% and total cumulative return in cash totals $158,764. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,779/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
| 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 |
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
Date | Event | Price |
|---|---|---|
| 2020-10-08 | Listing removed | $574,900 |
| 2020-09-10 | Pending sale | $574,900 |
| 2020-08-16 | Listed for sale | $574,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $6623.90 | -21.50% | $639,403 | 10.00% |
| 2023-06-17 | $8438.02 | 1.63% | $581,275 | 10.00% |
| 2022-06-17 | $8302.69 | -0.90% | $528,432 | 10.49% |
Listed by: Tricia Griffin • Kelly, Realtors
Mls Name: NTREIS
Mls ID: #20972613
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.
