Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 3120 Morrow Ave, Waco, TX, 76707 priced at $207,000 converts $1,883/mo rent into $411/mo cash flow after a $1,013/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $4,934/yr on $68,621 invested. Return on cash invested prints 27.1% in year one, and rental yield reads 10.92% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 142.68% and total cumulative return in cash sums $97,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
| 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 |
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Date | Event | Price |
|---|---|---|
| 2025-05-07 | Listed for sale | $207,000 |
| 2025-01-22 | Sold | N/A |
| 2025-01-14 | Pending sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-08 | $2869.44 | 9.76% | $155,870 | 9.41% |
| 2023-05-08 | $2614.32 | -18.69% | $142,467 | 11.54% |
| 2022-05-08 | $3215.35 | 29.75% | $127,730 | 33.33% |
Listed by: Breanna Pickens • Kelly, Realtors
Mls Name: NTREIS
Mls ID: #20925960
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.
