309 S Rita StWacoTX76705
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waco at 309 S Rita St, Waco, TX, 76705 at $186,000 posts ROI 27.8% with $406/mo cash flow from $1,728/mo rent. Total monthly income equals $1,728/mo, and annual cash flow records $4,868/yr on $61,659 to close. Return on cash invested measures 27.8% and rental yield reads 11.15% at the current $186,000. Equity gained on principal adds $1,200/yr, and 5% annual appreciation supports $51,388 by year five. Five-year ROI prints 146.4% and total cumulative return in cash totals $90,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,728/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
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