2721 Summer AveWacoTX76708
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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 2721 Summer Ave, Waco, TX, 76708 uses $59,339 cash to close to unlock $4,323/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $876/mo payment keeps the spread at $360/mo. Purchase price stands at $179,000, and rental yield measures 10.95% with $1,633/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 143.18% and total cumulative return in cash records $84,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
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