1615 Crockett StWacoTX76705
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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 1615 Crockett St, Waco, TX, 76705 uses $58,013 cash to close to unlock $1,237/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $857/mo payment keeps the spread at $103/mo. Purchase price stands at $175,000, and rental yield measures 9.24% with $1,348/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 115.58% and total cumulative return in cash records $67,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
8,999 sqft 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: Jacob Gorrell • Gingrich Group, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #228508
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: 2025-02-26 06:49:11 PST