3117 Ethel AveWacoTX76707
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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 3117 Ethel Ave, Waco, TX, 76707 with 5% annual appreciation on a $239,900 basis while $1,826/mo rent supports operations. Total monthly income totals $1,826/mo and a $1,174/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,443/yr on $79,527 deployed, and return on cash invested reaches 21.72% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 9.13%. Five-year ROI measures 113.83% and total cumulative return in cash totals $90,523.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,826/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
8,232 sqft 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
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