1815 S 12th St, Waco, TX, 76706 | 7.04% Rental Yield

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1815 S 12th St, Waco, TX, 76706 | 7.04% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 1815 S 12th St, Waco, TX, 76706 offers a 7.04% rental yield on a $525,000 purchase with $3,078/mo rent. 5% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 80.43% and total cumulative return in cash at $138,921. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,078/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1922

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in the heart of Baylor University, this charming property offers the perfect opportunity for students and investors alike. Enjoy the unbeatable proximity to campus while also being just minutes from downtown Wacos vibrant dining, shopping, and entertainment scene. This welcoming home greets you with a spacious front porch that invites you to relax and stay awhile. Inside, a large open-concept living and dining area flows seamlessly into a generously sized kitchen, creating the perfect setting for gatherings. The modern country-style decor throughout the home delivers a warm, cozy atmosphere your guests will love. Offering four bedrooms plus an additional office (which could serve as a fifth bedroom), the home maximizes its rental or living potential. Two beautifully designed bathrooms provide plenty of space, featuring large custom-tiled, stand-alone showers. The oversized main bathroom also includes a dual vanity and a stunning claw foot tub for a touch of luxury. A side driveway offers ample parking, with additional space available in the backyard ideal for creating an outdoor living area or expanding parking options. This property is full of potential whether you're looking for a personal home, a smart investment for your Baylor student, or a profitable rental property in a prime location. Call and schedule your personal tour of this home today!!

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