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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 1816 N 31st St, Waco, TX, 76707 listed at $215,000 pairs $2,030/mo rent with a $1,052/mo payment to leave $501/mo cash flow. Total monthly income runs $2,030/mo, and annual cash flow reaches $6,017/yr on $71,273 cash to close. Return on cash invested measures 28.35% in year one, and rental yield registers 11.33% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 149.36% and total cumulative return in cash totals $106,453. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,030/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
8,842 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 2,930 (45.9%) |
| Renter Occupied HU | 2,786 (43.6%) |
| Vacant Housing Units | 671 (10.5%) |
| Median Home Value | $125,157 |
| Average Home Value | $169,327 |
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $3316.59 | 7.68% | $147,030 | 7.02% |
| 2023-07-02 | $3080.15 | -4.59% | $137,390 | 7.13% |
| 2022-07-02 | $3228.44 | 37.70% | $128,250 | 41.49% |
Listed by: Ashley Bundy • Bentwood Realty
Mls Name: NTREIS
Mls ID: #20985871
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.
