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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% |
Investment property for sale in Waco at 2309 Mitchell Ave, Waco, TX, 76708 offers a 10.35% rental yield on a $260,000 purchase with $2,243/mo rent. Total monthly income registers $2,243/mo, and a $1,273/mo payment leaves $394/mo available for distribution. Annual cash flow reaches $4,724/yr on $86,190 to close, and return on cash invested stands at 25.39% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 133.47% and total cumulative return in cash at $115,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,243/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
8,250 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-01-23 | Listed for sale | $260,000 |
| 2024-02-23 | Sold | N/A |
| 2024-01-28 | Pending sale | $228,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3028.08 | 62.73% | $134,240 | 61.73% |
| 2023-02-13 | $1860.78 | -50.76% | $83,000 | -44.71% |
| 2022-02-13 | $3778.72 | 102.56% | $150,110 | 108.14% |
Listed by: Brittany Heaton • Monument Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #227765
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 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:53:23 PST
