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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% |
Investment property for sale in Waco at 1512 Elise Ave, Waco, TX, 76706 uses $102,765 cash to close to unlock $8,918/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,989/mo, and a $1,517/mo payment keeps the spread at $743/mo. Purchase price stands at $310,000, and rental yield measures 11.57% with $2,989/mo rent. Return on cash invested shows 28.59% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 150.81% and total cumulative return in cash records $154,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2023
4,791 sqft lot
$N/A/sqft
$500 annually 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 |
|---|---|---|
| 2025-06-02 | Listed for sale | $310,000 |
| 2023-06-27 | Listing removed | N/A |
| 2023-05-11 | Listed for sale | $283,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $4274.43 | 1144.48% | $272,600 | 1679.37% |
| 2023-06-02 | $343.47 | N/A | $15,320 | N/A |
Listed by: Gabrielle Robles • Texas Luxury and Land
Mls Name: NTREIS
Mls ID: #20954463
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.
