1511 Gurley AveWacoTX76706
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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 1511 Gurley Ave, Waco, TX, 76706 generates $2,167/mo in rent and, after a $1,076/mo payment, leaves $604/mo in cash flow. Total monthly income is $2,167/mo, and annual cash flow is $7,243/yr on $72,897 invested. Return on cash invested sits at 29.84% in year one, and rental yield is 11.83% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 157.36% and total cumulative return in cash sums $114,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,167/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
6,751 sqft lot
$N/A/sqft
No 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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