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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 2401 Columbus Ave, Waco, TX, 76701 at $180,000 posts ROI 21.6% with $84/mo cash flow from $1,498/mo rent. Total monthly income equals $1,498/mo, and annual cash flow records $1,009/yr on $59,670 to close. Return on cash invested measures 21.6% and rental yield reads 9.99% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 114.18% and total cumulative return in cash totals $68,129.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,498/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1938
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76701, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 148 (12.7%) |
| Renter Occupied HU | 786 (67.6%) |
| Vacant Housing Units | 229 (19.7%) |
| Median Home Value | $228,571 |
| Average Home Value | $290,069 |
Residential
924
Single Family
534
Multi-Family
390
Businesses
719
Date | Event | Price |
|---|---|---|
| 2024-07-03 | Price change | $180,000 |
| 2024-05-30 | Listed for sale | $219,900 |
| 2017-04-27 | Listing removed | $625 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $4594.78 | 1.17% | $204,950 | 13.60% |
| 2022-08-31 | $4541.71 | 39.85% | $180,420 | 43.70% |
| 2021-08-31 | $3247.61 | N/A | $125,550 | 18.59% |
Listed by: Devin Forbes • Kelly
Mls Name: WMLS
Mls Provider:
Mls ID: #223208
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 05:58:23 PDT
