








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 2932 Palomino Trl, Waco, TX, 76706 uses $91,129 cash to close to unlock $116/yr annual cash flow and $10/mo monthly cash flow. Total monthly income runs $1,964/mo, and a $1,346/mo payment keeps the spread at $10/mo. Purchase price stands at $274,900, and rental yield measures 8.57% with $1,964/mo rent. Return on cash invested shows 20.04% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 104.76% and total cumulative return in cash records $95,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,964/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2003
6,830 sqft 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 |
|---|---|---|
| 2025-03-07 | Listed for sale | $274,900 |
| 2014-05-30 | Sold | N/A |
| 2013-12-05 | Listed for sale | $119,965 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | $3443.53 | 8.21% | $250,560 | 5.77% |
| 2023-06-27 | $3182.13 | -36.16% | $236,894 | -0.20% |
| 2022-06-27 | $4984.83 | 13.36% | $237,370 | 21.24% |



Listed by: Austin Hooper • AG Real Estate & Associates
Mls Name: NTREIS
Mls ID: #20983123
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.