2528 Paddock LnWacoTX76706
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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 2528 Paddock Ln, Waco, TX, 76706 at $307,500 posts ROI 37.09% with $1,460/mo cash flow from $3,664/mo rent. Total monthly income equals $3,664/mo, and annual cash flow records $17,518/yr on $101,936 to close. Return on cash invested measures 37.09% and rental yield reads 14.3% at the current $307,500. Equity gained on principal adds $1,984/yr, and 5% annual appreciation supports $84,957 by year five. Five-year ROI prints 196.28% and total cumulative return in cash totals $200,079.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,664/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
6,316 sqft lot
$N/A/sqft
$210 annually 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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Listed by: Pam Hanson • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #224123
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