2912 Mildred St, Waco, TX, 76706 | $284/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2912 Mildred St, Waco, TX, 76706 | $284/mo Cash Flow | Ziffy

For Sale

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 2912 Mildred St, Waco, TX, 76706 earns $284/mo cash flow from $2,240/mo rent with a $1,346/mo payment. Total monthly income totals $2,240/mo, and annual cash flow totals $3,413/yr on $91,163 capital. ROI tracks 23.65% on current figures, and rental yield reads 9.77% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash sums $113,183. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.

Single Family

Built in 2020

7,562 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in a prime location, this beautifully crafted 3-bedroom, 2-bath residence offers the best of modern living just minutes away from some of Waco's most beloved landmarks. Ideally situated only 3 miles from the iconic Magnolia Market and 2.5 miles from Baylor University, this home strikes the perfect balance between urban convenience and serene comfort. As you step inside, be greeted by a light-filled, open-concept living space that invites relaxation and effortless entertaining. The home's modern finishes are showcased throughout, with 2 inch blinds and beautiful gray stained concrete floors offering both style and low maintenance. At the heart of the home, the open kitchen features stainless steel appliances, a breakfast bar, and stunning granite countertops, making it a culinary enthusiast's dream. Enjoy the convenience of having a refrigerator, washer, and dryer included. Both bathrooms are thoughtfully designed, boasting custom tiled showers that provide a spa-like experience. Each bedroom offers ample space and comfort, perfect for unwinding at the end of the day. Transitioning to the outdoors, you'll discover a charming covered gazebo in the backyard, perfect for hosting while relishing in the peace and tranquility provided by the surrounding open land. The private fenced backyard offers an oasis for relaxed outdoor living and entertaining.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76706, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,478 (100%)
Owner Occupied HU	6,004 (34.4%)
Renter Occupied HU	9,655 (55.2%)
Vacant Housing Units	1,819 (10.4%)
Median Home Value	$272,760
Average Home Value	$299,834