2324 Lee StWacoTX76711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2324 Lee St, Waco, TX, 76711 at $142,160 posts ROI 37.65% with $697/mo cash flow from $1,708/mo rent. Total monthly income equals $1,708/mo, and annual cash flow records $8,363/yr on $47,126 to close. Return on cash invested measures 37.65% and rental yield reads 14.42% at the current $142,160. Equity gained on principal adds $917/yr, and 5% annual appreciation supports $39,276 by year five. Five-year ROI prints 199.24% and total cumulative return in cash totals $93,892.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,708/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
7,910 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76711, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,858
Single Family
2,857
Multi-Family
1,001
Businesses
285
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