








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 Elm Mott at 297 Kelinske Rd, Elm Mott, TX, 76640 offers a 3.52% rental yield on a $799,900 purchase with $2,344/mo rent. 81% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $220,998 over five years. Portfolio math shows five-year ROI at 23.06% and total cumulative return in cash at $60,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,344/mo property income against a $3,915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
49.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Price change | $799,900 |
| 2024-04-10 | Listed for sale | $849,900 |
| 2020-05-04 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $2851.92 | 8.38% | $534,020 | 5.45% |
| 2023-02-13 | $2631.37 | -21.73% | $506,415 | 9.99% |
| 2022-02-13 | $3361.72 | -12.81% | $460,423 | 12.51% |



Listed by: Andrew Fraijo • eXp Realty, LLC Waco
Mls Name: WMLS
Mls Provider:
Mls ID: #222000
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 04:53:25 PST