2211 Morrow AveWacoTX76707
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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
Investment property for sale in Waco at 2211 Morrow Ave, Waco, TX, 76707 uses $140,888 cash to close to unlock $13,187/yr annual cash flow and $1,099/mo monthly cash flow. Total monthly income runs $4,121/mo, and a $2,080/mo payment keeps the spread at $1,099/mo. Purchase price stands at $425,000, and rental yield measures 11.64% with $4,121/mo rent. Return on cash invested shows 29.27% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 154.24% and total cumulative return in cash records $217,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,121/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1916
8,842 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
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