3100 Colonial AveWacoTX76707
Nearby investment properties with comparable rents
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 3100 Colonial Ave, Waco, TX, 76707 uses $91,163 cash to close to unlock $2,753/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $2,185/mo, and a $1,346/mo payment keeps the spread at $229/mo. Purchase price stands at $275,000, and rental yield measures 9.53% with $2,185/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 120.27% and total cumulative return in cash records $109,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,185/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 2,930 (45.9%) |
| Renter Occupied HU | 2,786 (43.6%) |
| Vacant Housing Units | 671 (10.5%) |
| Median Home Value | $125,157 |
| Average Home Value | $169,327 |
Housing Distribution
Address Breakdown
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices