2016 Gorman Ave, Waco, TX, 76707 | $131/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2016 Gorman Ave, Waco, TX, 76707 | $131/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1452 sft

6319 Wiethorn Dr, Waco, TX, 76710

3 Bed
2 Bath
1473 sft

508 Mountain Lake Dr, Woodway, TX, 76712

3 Bed
2 Bath
1108 sft

3119 Bosque Blvd, Waco, TX, 76707

2 Bed
2 Bath
1420 sft

209 Village Cir, Waco, TX, 76710

Nearby investment properties with comparable prices

4 Bed
5 Bath
2292 sft

708 Bradford St, Waco, TX, 76711

3 Bed
2 Bath
1488 sft

207 Rogers St, Mc Gregor, TX, 76657

3 Bed
2 Bath
2448 sft

612 Greer St, Waco, TX, 76710

3 Bed
2 Bath
1570 sft

925 Melrose Dr, Waco, TX, 76710

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Waco at 2016 Gorman Ave, Waco, TX, 76707 priced at $240,000 pairs $1,838/mo rent with $131/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,838/mo, and annual cash flow comes to $1,572/yr on $79,560 invested. Return on cash invested is 21.88% in year one, and rental yield stands at 9.19% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 114.63% and total cumulative return in cash reaches $91,202. For financing, Ziffy Mortgage’s DSCR program evaluates $1,838/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1930

8,250 sqft lot

$N/A/sqft

No HOA

More details about the property

Experience the best of downtown Waco living in this charming 2-bed, 1.5-bath home, brimming with character and modern touches. Step inside to find beautiful hardwood floors throughout and stylish shiplap accent walls that create a cozy, inviting atmosphere. The kitchen is truly a chef's delight, featuring granite countertops, a large island, a unique live-edge wood bar, and a farmhouse sinkperfect for hosting gatherings with friends and family. Abundant natural light fills the space, adding to the home's airy and open ambiance. Located just 2 miles from Magnolia Market and 3 miles from Baylor University, you'll have quick access to all of Waco's top attractions and amenities. Don't miss the chance to make this gem your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76707, Waco, TX area.

Housing Distribution

Housing Statistics

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