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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% |
Rental property for sale in Waco at 217 Knight Ln, Waco, TX, 76705 priced at $260,000 converts $2,186/mo rent into $337/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,186/mo, and annual cash flow totals $4,040/yr on $86,190 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 10.09% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 129.21% and total cumulative return in cash sums $111,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,186/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 2006
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
| 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 |
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $260,000 |
| 2022-04-26 | Sold | N/A |
| 2022-03-19 | Pending sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $3334.92 | -25.26% | $234,560 | -6.95% |
| 2023-04-18 | $4461.88 | 51.27% | $252,080 | 32.91% |
| 2022-04-18 | $2949.71 | -7.61% | $189,662 | 10.00% |
Listed by: Breanna Watson • Real Broker, LLC
Mls Name: NTREIS
Mls ID: #20907606
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.
