207 Knight LnWacoTX76705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Waco at 207 Knight Ln, Waco, TX, 76705 generates $2,936/mo in rent and, after a $1,116/mo payment, leaves $1,284/mo in cash flow. Total monthly income is $2,936/mo, and annual cash flow is $15,413/yr on $75,582 invested. Return on cash invested sits at 40.3% in year one, and rental yield is 15.45% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 213.61% and total cumulative return in cash sums $161,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,936/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
8,903 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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Nearby investment properties with comparable prices
Listed by: Jim Bailey • Lone Star Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #224088
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 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 02:28:24 PDT