1401 Bagby Ave APT 6WacoTX76706
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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 1401 Bagby Ave APT 6, Waco, TX, 76706 priced at $214,500 converts $2,426/mo rent into $680/mo cash flow after a $1,050/mo obligation. Total monthly income equals $2,426/mo, and annual cash flow totals $8,155/yr on $71,107 invested. Return on cash invested prints 31.38% in year one, and rental yield reads 13.57% against a $214,500 entry. Equity gained on principal adds $1,384/yr, while 5% annual appreciation compiles into $59,262 by year five. Five-year ROI reaches 166.94% and total cumulative return in cash sums $118,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,426/mo property income covering a $1,050/mo payment, not borrower’s personal income.
Condo
Built in 2000
2,700 sqft lot
$N/A/sqft
$200 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: David Harris Sr • Campus
Mls Name: WMLS
Mls Provider:
Mls ID: #223135
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 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 05:58:23 PDT