2215 Morrow Ave, Waco, TX, 76707 | $519/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2215 Morrow Ave, Waco, TX, 76707 | $519/mo Cash Flow | 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 2215 Morrow Ave, Waco, TX, 76707 offers a 10.22% rental yield on a $370,000 purchase with $3,150/mo rent. Total monthly income registers $3,150/mo, and a $1,811/mo payment leaves $519/mo available for distribution. Annual cash flow reaches $6,226/yr on $122,655 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 131.26% and total cumulative return in cash at $160,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,150/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1912

8,581 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this Charming 1912 Craftsman-style home located in the heart of Waco, TX. With updated landscaping, the entrance invites you to have a seat on this beautiful oversized front porch. Featuring 4 bedrooms, 2 bathrooms, and at 2,456 sq ft, this home showcases original hardwood floors, exposed wood beams, a cozy fireplace and abundant natural lighting throughout. The interior of the home has plenty of natural wood characteristics with a modern charm that you will instantly fall in love with. The main level offers a spacious primary suite with its own bathroom, a formal dining, and a large kitchen ideal for entertaining. Upstairs includes three bedrooms, a flex space that can be used as an office, and access to an oversized balcony. The fenced backyard features ample parking and a BONUS detached 1-bedroom, 1-bath guest house! Conveniently located just minutes from downtown Waco, Baylor University, Magnolia Silos and Cameron Parkthis is a one-of-a-kind historic home that you dont want to miss out on! Schedule a showing today!

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