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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 2023 Gorman Ave, Waco, TX, 76707 earns $101/mo cash flow from $1,383/mo rent with a $876/mo payment. Total monthly income totals $1,383/mo, and annual cash flow totals $1,215/yr on $59,339 capital. ROI tracks 21.96% on current figures, and rental yield reads 9.27% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 115.15% and total cumulative return in cash sums $68,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,383/mo property income instead of your personal income.
Single Family
Built in 1925
8,232 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 |
|---|---|---|
| 2025-07-09 | Listed for sale | $179,000 |
| 2025-05-02 | Listing removed | $1,650 |
| 2025-04-14 | Listed for rent | $1,650 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $3078.83 | 11.96% | $136,490 | 11.28% |
| 2023-07-09 | $2749.91 | -1.25% | $122,660 | 10.88% |
| 2022-07-09 | $2784.63 | 28.05% | $110,620 | 31.58% |
Listed by: Reyna Reyes • Arise Capital Real Estate
Mls Name: NTREIS
Mls ID: #20994502
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.
