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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 3020 Pine Ave, Waco, TX, 76708 priced at $240,000 converts $2,252/mo rent into $545/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,252/mo, and annual cash flow totals $6,540/yr on $79,560 invested. Return on cash invested prints 28.13% in year one, and rental yield reads 11.26% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 148.12% and total cumulative return in cash sums $117,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,252/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Price change | $240,000 |
| 2025-01-17 | Price change | $245,000 |
| 2024-10-31 | Price change | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kayla Herring • Texas Premier Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #226394
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
