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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 2904 Summer Ave, Waco, TX, 76708 offers $899/mo rent that, after a $563/mo payment, leaves $35/mo cash flow. Total monthly income is $899/mo, and annual cash flow is $416/yr on $38,123 cash. Return on cash invested measures 21% in year one, and rental yield stands at 9.38% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 110.48% and total cumulative return in cash reaches $42,117. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $899/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
9,544 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 |
|---|---|---|
| 2024-11-18 | Listed for sale | $115,000 |
| 2018-08-14 | Listing removed | $750 |
| 2018-07-31 | Listed for rent | $750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $2465.95 | 4.38% | $109,320 | 3.74% |
| 2023-02-13 | $2362.51 | -5.17% | $105,380 | 6.48% |
| 2022-02-13 | $2491.37 | 27.35% | $98,970 | 30.86% |
Listed by: Chris Meza • Carbajal Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #226737
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
