2506 S 24th StWacoTX76706
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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
Investment Highlights
Investment property for sale in Waco at 2506 S 24th St, Waco, TX, 76706 uses $64,311 cash to close to unlock $5,712/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $950/mo payment keeps the spread at $476/mo. Purchase price stands at $194,000, and rental yield measures 11.48% with $1,856/mo rent. Return on cash invested shows 28.79% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 151.68% and total cumulative return in cash records $97,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $950/mo payment rather than investor’s personal income.
Single Family
Built in 1958
8,603 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
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