217 Knight LnWacoTX76705
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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
Investment Highlights
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
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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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.