1500 Lake Shore DrWacoTX76708
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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 1500 Lake Shore Dr, Waco, TX, 76708 priced at $155,000 converts $1,228/mo rent into after a $759/mo obligation. Total monthly income equals $1,228/mo. Return on cash invested prints 15.29% in year one, and rental yield reads 9.51% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 82.1% and total cumulative return in cash sums $42,184. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,228/mo property income covering a $759/mo payment, not borrower’s personal income.
Condo
Built in 1983
4,038 sqft lot
$N/A/sqft
$323 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Housing Distribution
Address Breakdown
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
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Nearby investment properties with comparable prices
Listed by: Laura Hoff • Laura Hoff, Broker
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #565750
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2025 Central Texas MLS, All Rights Reserved.