








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 23 Independence Trl, Waco, TX, 76708 priced at $650,000 converts $4,355/mo rent into after a $3,181/mo obligation. Total monthly income equals $4,355/mo. Return on cash invested prints 18.38% in year one, and rental yield reads 8.04% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 95.89% and total cumulative return in cash sums $205,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,355/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2017
0.88 Acres lot
$N/A/sqft
$395 annually HOA
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
Date | Event | Price |
|---|---|---|
| 2024-07-26 | Price change | $650,000 |
| 2024-07-22 | Listed for sale | $675,000 |
| 2024-07-08 | Pending sale | $675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $8503.75 | -13.52% | $484,000 | 10.00% |
| 2022-08-31 | $9832.99 | -4.67% | $440,000 | N/A |
| 2021-08-31 | $10314.57 | N/A | $440,000 | 0.21% |



Listed by: Lindsey Wachsmann • Bramlett Residential
Mls Name: WMLS
Mls Provider:
Mls ID: #221725
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 03:28:23 PDT