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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% |
Investment property for sale in Waco at 2816 Summer Ave, Waco, TX, 76708 at $114,000 posts ROI 19.07% with from $905/mo rent. Total monthly income equals $905/mo. Return on cash invested measures 19.07% and rental yield reads 9.53% at the current $114,000. Equity gained on principal adds $736/yr, and 5% annual appreciation supports $31,496 by year five. Five-year ROI prints 101% and total cumulative return in cash totals $38,167. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $905/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
10,105 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 |
|---|---|---|
| 2025-02-11 | Price change | $114,000 |
| 2025-02-07 | Price change | $119,000 |
| 2025-01-27 | Listed for sale | $124,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3340.27 | 4.61% | $148,080 | 3.97% |
| 2023-02-13 | $3193.15 | -4.83% | $142,430 | 6.87% |
| 2022-02-13 | $3355.06 | 26.22% | $133,280 | 29.70% |
Listed by: Michael Singletary • Mission Real Estate Group
Mls Name: WMLS
Mls Provider:
Mls ID: #227836
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
