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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 2905 Lake Shore Dr APT 206, Waco, TX, 76708 earns from $1,694/mo rent with a $1,101/mo payment. Total monthly income totals $1,694/mo. ROI tracks 14.05% on current figures, and rental yield reads 9.04% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 75.3% and total cumulative return in cash sums $56,137. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,694/mo property income instead of your personal income.
Condo
Built in 1974
0.40 Acres lot
$N/A/sqft
$353 monthly 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $224,900 |
| 2023-07-05 | Sold | N/A |
| 2023-05-31 | Pending sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $4998.45 | 74.27% | $221,590 | 15.83% |
| 2023-03-24 | $2868.17 | -16.22% | $191,300 | 12.25% |
| 2022-03-24 | $3423.50 | 54.56% | $170,430 | 24.04% |
Listed by: Amanda Nesbitt • Magnolia Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #228756
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: 2025-03-24 08:53:21 PDT
