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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 2924 S 3rd St, Waco, TX, 76706 generates $2,610/mo in rent and, after a $1,346/mo payment, leaves $574/mo in cash flow. Total monthly income is $2,610/mo, and annual cash flow is $6,893/yr on $91,163 invested. Return on cash invested sits at 27.47% in year one, and rental yield is 11.39% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 145.01% and total cumulative return in cash sums $132,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,610/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
| 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 |
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
Date | Event | Price |
|---|---|---|
| 2025-02-11 | Listed for sale | $275,000 |
| 2024-09-06 | Listing removed | $1,900 |
| 2024-07-18 | Listed for rent | $1,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5524.39 | 0.62% | $244,906 | N/A |
| 2023-02-13 | $5490.55 | -10.94% | $244,906 | N/A |
| 2022-02-13 | $6165.02 | 15.00% | $244,906 | 18.18% |
Listed by: Jennifer Shelburne • Bentwood Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #228170
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
