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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 2305 Joey Dr, Waco, TX, 76711 generates $1,741/mo in rent and, after a $844/mo payment, leaves $467/mo in cash flow. Total monthly income is $1,741/mo, and annual cash flow is $5,604/yr on $57,184 invested. Return on cash invested sits at 29.71% in year one, and rental yield is 12.11% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 157.06% and total cumulative return in cash sums $89,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,741/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,618 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76711, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 1,918 (43.9%) |
| Renter Occupied HU | 1,837 (42.0%) |
| Vacant Housing Units | 617 (14.1%) |
| Median Home Value | $116,667 |
| Average Home Value | $151,031 |
Residential
3,858
Single Family
2,857
Multi-Family
1,001
Businesses
285
Date | Event | Price |
|---|---|---|
| 2025-10-16 | Listing removed | $180,000 |
| 2025-09-09 | Listed for sale | $180,000 |
| 2025-08-15 | Contingent | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-28 | N/A | N/A | $151,170 | -0.70% |
| 2024-10-28 | $3434.11 | 2.12% | $152,240 | 1.49% |
| 2023-10-28 | $3362.85 | 4.71% | $150,000 | 17.57% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
