1405 Speight Ave APT 5, Waco, TX, 76706 | $305/mo Cash Flow

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1405 Speight Ave APT 5, Waco, TX, 76706 | $305/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 1405 Speight Ave APT 5, Waco, TX, 76706 uses $58,013 cash to close to unlock $3,661/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $857/mo payment keeps the spread at $305/mo. Purchase price stands at $175,000, and rental yield measures 10.63% with $1,550/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 137.98% and total cumulative return in cash records $80,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $857/mo payment rather than investor’s personal income.

Condo

Built in 1984

2,787 sqft lot

$N/A/sqft

No HOA

More details about the property

Baylor-area condo alert! Located right in the heart of the Baylor Bubble, this fully updated condo sits just blocks from campus, downtown, and the Silos. Even better? Its within walking distance of Waco treasures like Cupps Drive Inn and Viteks BBQ. Enjoy the security of gated entry, a dedicated parking lot with two covered spaces per unit, and a charming courtyard shared by residents. Inside, youll find a spacious living room with vaulted ceilings, a dedicated dining area, and an updated kitchen with stainless steel appliances. Two fully updated bathrooms feature beautiful quartz countertops and stylish black fixtures, and in-unit laundry is conveniently tucked into the hall closet with a stackable washer-dryer set. The primary bedroom also offers access to a small private patio perfect for a quiet morning coffee or study break. Whether youre an investor looking for a great rental or a parent searching for the perfect home base for your Baylor student, this is a fantastic opportunity. Bonus: An identical unit is also available as part of a package deal!

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