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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% |
Rental property for sale in Waco at 2608 McFerrin Ave, Waco, TX, 76708 generates $1,769/mo in rent and, after a $929/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,769/mo, and annual cash flow is $3,204/yr on $62,952 invested. Return on cash invested sits at 25% in year one, and rental yield is 11.18% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 132.38% and total cumulative return in cash sums $83,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,769/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-01-30 | Price change | $189,900 |
| 2025-01-05 | Listed for sale | $199,900 |
| 2022-11-14 | Listed for rent | $1,495 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $4976.35 | 9.16% | $220,610 | 8.49% |
| 2023-02-13 | $4558.90 | -5.54% | $203,350 | 6.07% |
| 2022-02-13 | $4826.16 | 414.38% | $191,720 | 131.88% |
Listed by: Valerie Warschak • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #227367
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 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:53:23 PST
