2618 S 24th St, Waco, TX, 76706 | $432/mo Cash Flow

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2618 S 24th St, Waco, TX, 76706 | $432/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 2618 S 24th St, Waco, TX, 76706 listed at $187,500 pairs $1,766/mo rent with a $918/mo payment to leave $432/mo cash flow. Total monthly income runs $1,766/mo, and annual cash flow reaches $5,188/yr on $62,156 cash to close. Return on cash invested measures 28.26% in year one, and rental yield registers 11.3% at a $187,500 basis. Equity gained on principal adds $1,210/yr, and annual property appreciation at 5% supports $51,803 by year five. Five-year ROI tracks 148.88% and total cumulative return in cash totals $92,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,766/mo property income relative to a $918/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1960

8,624 sqft lot

$N/A/sqft

No HOA

More details about the property

In the charming city of Waco, Texas, lies a property that exudes warmth and comfort. Located at 2618 S. 24th Street, this 3 bedroom, 2 bath home boasts a generous 1,260 feet of living space, making it the perfect size for any family. As you step inside, you'll be greeted by a spacious living area, providing ample space for both relaxation and entertainment. The well-maintained home is in good shape for its age and price, radiating a sense of care and pride. This home also includes some key features, such as a newer 1 year old roof, freshly painted, gutters, an updated kitchen cabinets and counter-tops and a 2nd living area that could flex into an additional bedroom, game room or media room. But the perks don't stop there. This property also features a convenient carport, ensuring that your vehicles are protected from the elements. And with its central location, you'll have easy access to schools, shopping, and delicious food options. Don't let this opportunity slip through your fingers. Come see for yourself how this property on 2618 S.24th Street can provide you with the perfect combination of comfort and convenience in the heart of Waco. Don't miss out on making this house your home.

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