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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 2920 Parrott Ave, Waco, TX, 76707 offers a 9.01% rental yield on a $139,000 purchase with $1,044/mo rent. Total monthly income registers $1,044/mo, and a $680/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $21/yr on $46,079 to close, and return on cash invested stands at 19.96% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 104.84% and total cumulative return in cash at $48,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,044/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
8,232 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
| 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 |
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Date | Event | Price |
|---|---|---|
| 2025-08-06 | Listed for sale | $139,000 |
| 2018-06-13 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-07 | $2956.58 | 7.60% | $131,070 | 6.94% |
| 2023-08-07 | $2747.68 | -6.29% | $122,560 | 5.22% |
| 2022-08-07 | $2932.15 | 50.60% | $116,480 | 54.75% |
Listed by: Cameron Gomez • Agents Of Texas, LLC
Mls Name: NTREIS
Mls ID: #21024240
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
