330 Austin Ave APT 219WacoTX76701
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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 330 Austin Ave APT 219, Waco, TX, 76701 uses $75,045 cash to close to unlock $7,145/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $2,384/mo, and a $1,108/mo payment keeps the spread at $595/mo. Purchase price stands at $226,380, and rental yield measures 12.64% with $2,384/mo rent. Return on cash invested shows 29.43% in year one, and 5% annual appreciation builds toward $62,545 over five years. Five-year ROI reaches 156.18% and total cumulative return in cash records $117,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,384/mo property income covering a $1,108/mo payment rather than investor’s personal income.
Condo
Built in 2008
705.67 sqft lot
$N/A/sqft
$115 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76701, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 148 (12.7%) |
| Renter Occupied HU | 786 (67.6%) |
| Vacant Housing Units | 229 (19.7%) |
| Median Home Value | $228,571 |
| Average Home Value | $290,069 |
Housing Distribution
Address Breakdown
Residential
924
Single Family
534
Multi-Family
390
Businesses
719
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Listed by: Ashley Burgess Weist • Kelly
Mls Name: WMLS
Mls Provider:
Mls ID: #215957
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 05:28:23 PDT