








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 1405 Speight Ave APT 1, Waco, TX, 76706 listed at $175,000 pairs $1,550/mo rent with a $857/mo payment to leave $305/mo cash flow. Total monthly income runs $1,550/mo, and annual cash flow reaches $3,661/yr on $58,013 cash to close. Return on cash invested measures 26.22% in year one, and rental yield registers 10.63% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 137.98% and total cumulative return in cash totals $80,047. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,550/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
2,787 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Taylor Beard • Fathom Realty
Mls Name: NTREIS
Mls ID: #21079678