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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 3204 N 31st St, Waco, TX, 76708 generates $2,288/mo in rent and, after a $1,370/mo payment, leaves $179/mo in cash flow. Total monthly income is $2,288/mo, and annual cash flow is $2,148/yr on $92,820 invested. Return on cash invested sits at 22.22% in year one, and rental yield is 9.81% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 117.07% and total cumulative return in cash sums $108,669. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,288/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.46 Acres 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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $280,000 |
| 2025-04-15 | Listing removed | N/A |
| 2025-04-11 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $6066.53 | 4.82% | $268,940 | 4.18% |
| 2023-04-18 | $5787.47 | 86.92% | $258,150 | 58.18% |
| 2022-04-18 | $3096.27 | -3.21% | $163,196 | 10.00% |
Listed by: Lori Hodges • Bentwood Realty
Mls Name: NTREIS
Mls ID: #20904262
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.
