2410 S 2nd St APT 1162, Waco, TX, 76706 | $53/mo Cash Flow

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2410 S 2nd St APT 1162, Waco, TX, 76706 | $53/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 2410 S 2nd St APT 1162, Waco, TX, 76706 earns $53/mo cash flow from $1,703/mo rent with a $1,136/mo payment. Total monthly income totals $1,703/mo, and annual cash flow totals $633/yr on $76,908 capital. ROI tracks 20.73% on current figures, and rental yield reads 8.81% at a $232,000 purchase. Equity gained on principal adds $1,497/yr, and 5% annual appreciation supports $64,097 over five years. Five-year ROI reaches 108.47% and total cumulative return in cash sums $83,423. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,703/mo property income instead of your personal income.

Condo

Built in 2007

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

This Bandera Ranch Condo is a great investment property to add to your portfolio or the perfect property for Baylor parents-students or faculty member at the University. Conveniently located a few blocks from Baylor University, Magnolia Silos, and Downtown Waco. The condo comes fully furnished and includes kitchen appliances and washer-dryer. There is a 2-car garage-attached that opens up into the stairway leading to the condo and 2 parking spaces right outside of the garage. The first level of the Condo is an open-concept floorplan, which includes the Livingroom, Kitchen, and Pantry. The second level includes the Half-Bath and the HVAC closet, 2 bedrooms with a full bath in each one. Bandera Ranch is a unique and beautiful gated community and includes a number of amenities, a Business Center, Game Room, Fitness Center, Fireplace & Lounge Area, Jogging Trail, Resort-Style Swimming Pool with Spa, Tanning Bed, Putting Green, Basketball Court, Sand Volleyball Court, Lush Landscaped Grounds, 24-Hour Emergency Maintenance.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76706, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,478 (100%)
Owner Occupied HU	6,004 (34.4%)
Renter Occupied HU	9,655 (55.2%)
Vacant Housing Units	1,819 (10.4%)
Median Home Value	$272,760
Average Home Value	$299,834