1606 Cole RdWacoTX76705
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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
Investment property for sale in Waco at 1606 Cole Rd, Waco, TX, 76705 with 5% annual appreciation on a $135,000 basis while $1,063/mo rent supports operations. Total monthly income totals $1,063/mo and a $661/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,233/yr on $44,753 deployed, and return on cash invested reaches 22.66% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.45%. Five-year ROI measures 118.87% and total cumulative return in cash totals $53,197.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,063/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Housing Distribution
Address Breakdown
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
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Listed by: Patricia Meadows • Graceland Real Estate
Mls Name: WMLS
Mls Provider:
Mls ID: #226155
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:53:23 PST