2120 Washington Ave, Waco, TX, 76701 | 8.3% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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2120 Washington Ave, Waco, TX, 76701 | 8.3% 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 2120 Washington Ave, Waco, TX, 76701 listed at $299,000 pairs $2,069/mo rent with a $1,463/mo payment. Total monthly income runs $2,069/mo. Return on cash invested measures 19.22% in year one, and rental yield registers 8.3% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 100.39% and total cumulative return in cash totals $99,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,069/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1910

10,541 sqft lot

$N/A/sqft

No HOA

More details about the property

Historic Charm Meets Modern Opportunity 1910 Gem in Prime Location! Step into a piece of history with this stunning 3-bedroom, 2-bathroom building, originally built in 1910 and previously serving as an art museum. This property seamlessly blends classic architectural beauty with versatile zoning (C2), making it an ideal investment for an office or retail venture. It has also been used as a residence and would make a lovely family home. As you enter, be captivated by the homes original features including intricate moldings, hardwood floors, and vintage details that tell a story of elegance and character. The formal living and dining rooms provide ample space for gatherings or client meetings, while the sunroom invites natural light and serene views, perfect for creative inspiration or relaxation. The property also boasts a charming studio apartment above the back shop, providing versatile options for additional income, guest accommodation, or a private workspace away from the hustle and bustle. Situated mere blocks from downtown Waco, this building is poised for revival. Bring your vision to life in this fantastic location where history meets potential. Whether youre looking to create a boutique retail space, a modern office, or simply restore a treasured landmark, this property awaits your creative touch.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76701, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,163 (100%)
Owner Occupied HU	148 (12.7%)
Renter Occupied HU	786 (67.6%)
Vacant Housing Units	229 (19.7%)
Median Home Value	$228,571
Average Home Value	$290,069