3317 N 23rd St, Waco, TX, 76708 | $675/mo Cash Flow

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3317 N 23rd St, Waco, TX, 76708 | $675/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Motivated Seller

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 3317 N 23rd St, Waco, TX, 76708 uses $35,371 cash to close to unlock $8,106/yr annual cash flow and $675/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $522/mo payment keeps the spread at $675/mo. Purchase price stands at $106,700, and rental yield measures 16.13% with $1,434/mo rent. Return on cash invested shows 42.83% in year one, and 5% annual appreciation builds toward $29,479 over five years. Five-year ROI reaches 227.02% and total cumulative return in cash records $80,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $522/mo payment rather than investor’s personal income.

Single Family

Built in 1947

7,318 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Special Prime North Waco investment opportunity with incredible upside and major location advantage. This 2-1 asset is in better condition than your typical distressed property, giving investors a head start on a fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Located just minutes from Cameron Parks trails, recreation areas, and riverfront, plus a short drive to the local university giving this project powerful appeal for student renters, faculty, young professionals, and resale buyers. Rare chance to secure a cleaner, easier, faster project in one of Wacos strongest demand corridors. Solid bones, blank canvas, and an ideal footprint makes this perfect for strategic cosmetic upgrades or rental-ready improvements to boost ARV and cash-flow potential. Motivated seller. Sold - as-is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76708, Waco, TX area.

Housing Distribution

Housing Statistics

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