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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 3108 Summer Ave, Waco, TX, 76708 generates $1,378/mo in rent and, after a $710/mo payment, leaves $290/mo in cash flow. Total monthly income is $1,378/mo, and annual cash flow is $3,483/yr on $48,068 invested. Return on cash invested sits at 27.16% in year one, and rental yield is 11.4% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 143.49% and total cumulative return in cash sums $68,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,378/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,838 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 |
|---|---|---|
| 2025-05-23 | Listed for sale | $145,000 |
| 2024-07-02 | Listing removed | N/A |
| 2024-06-28 | Price change | $122,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $3082.90 | 6.73% | $136,670 | 6.08% |
| 2023-05-23 | $2888.46 | -4.67% | $128,840 | 7.05% |
| 2022-05-23 | $3029.82 | 33.42% | $120,360 | 37.10% |
Listed by: Anel Perales • EG Realty
Mls Name: NTREIS
Mls ID: #20944334
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.
