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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 305 N Lakeview Dr, Waco, TX, 76705 with 5% annual appreciation on a $259,900 basis while $1,980/mo rent supports operations. Total monthly income totals $1,980/mo and a $1,272/mo payment preserves $132/mo for cash returns. Annual cash flow comes to $1,583/yr on $86,157 deployed, and return on cash invested reaches 21.75% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 9.14%. Five-year ROI measures 113.89% and total cumulative return in cash totals $98,122.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,980/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $259,900 |
| 2020-12-27 | Sold | N/A |
| 2020-11-13 | Pending sale | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $3416.33 | 26.37% | $243,121 | 10.00% |
| 2023-04-22 | $2703.52 | -14.49% | $221,019 | 10.00% |
| 2022-04-22 | $3161.79 | -19.22% | $200,926 | 10.00% |
Listed by: Mario Cruz-Gonzalez • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20910328
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.
