2805 Parrott Ave, Waco, TX, 76707 | $227/mo Cash Flow

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2805 Parrott Ave, Waco, TX, 76707 | $227/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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 2805 Parrott Ave, Waco, TX, 76707 offers a 9.77% rental yield on a $220,000 purchase with $1,792/mo rent. Total monthly income registers $1,792/mo, and a $1,077/mo payment leaves $227/mo available for distribution. Annual cash flow reaches $2,728/yr on $72,930 to close, and return on cash invested stands at 23.65% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 124.16% and total cumulative return in cash at $90,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,792/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1920

8,232 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful 3-Bedroom Home with Income-Generating Apartment! Welcome to this well-maintained 3-bedroom, 2-bath home offering comfort, functionality, and great investment potential. The open dining area features a high bar-top counter overlooking the kitchen, perfect for casual dining or entertaining. A versatile loft upstairs provides additional living space ideal for an office, guest room, or play area. Enjoy outdoor living with both a covered front patio and a large covered back patio, perfect for relaxing or hosting gatherings. Additional features include a concrete side driveway and a storage shed for extra convenience. The property also includes a detached 1-bedroom, 1-bath apartment with a full kitchen, accessible from the alley. This unit is currently leased month-to-month for $1,100 a month, offering immediate rental income potential or space for extended family. This home combines comfort, flexibility, and income opportunity a must-see for homeowners and investors alike.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76707, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,387 (100%)
Owner Occupied HU	2,930 (45.9%)
Renter Occupied HU	2,786 (43.6%)
Vacant Housing Units	671 (10.5%)
Median Home Value	$125,157
Average Home Value	$169,327