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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% |
Investment property for sale in Waco at 3209 N 23rd St, Waco, TX, 76708 offers a 10.87% rental yield on a $159,000 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $778/mo payment leaves $310/mo available for distribution. Annual cash flow reaches $3,715/yr on $52,709 to close, and return on cash invested stands at 26.96% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 141.88% and total cumulative return in cash at $74,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,888 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 |
|---|---|---|
| 2025-04-26 | Listed for sale | $159,000 |
| 2021-06-15 | Listing removed | N/A |
| 2021-05-22 | Pending sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $2509.95 | 6.94% | $111,270 | 6.29% |
| 2023-04-27 | $2347.05 | -4.60% | $104,690 | 7.12% |
| 2022-04-27 | $2460.16 | 41.91% | $97,730 | 45.82% |
Listed by: Amanda Alley • Alley Home & Land Co
Mls Name: NTREIS
Mls ID: #20916928
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.
