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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% |
Rental property for sale in Waco at 1421 S 12th St APT 211, Waco, TX, 76706 generates $1,063/mo in rent, after a $661/mo payment. Total monthly income is $1,063/mo. Return on cash invested sits at 17% in year one, and rental yield is 9.45% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 90.58% and total cumulative return in cash sums $40,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,063/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1,481 sqft lot
$N/A/sqft
$152 monthly 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $135,000 |
| 2021-05-03 | Sold | N/A |
| 2021-01-28 | Pending sale | $99,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-28 | $2950.72 | 17.79% | $130,810 | 17.07% |
| 2023-06-28 | $2505.10 | -7.76% | $111,740 | 3.57% |
| 2022-06-28 | $2715.91 | 10.59% | $107,890 | 13.64% |
Listed by: Joanna Pace • Magnolia Realty
Mls Name: NTREIS
Mls ID: #20980545
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.
