








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 3401 N Ridge Dr, Waco, TX, 76710 priced at $1,199,900 converts $4,040/mo rent into after a $5,873/mo obligation. Total monthly income equals $4,040/mo. Return on cash invested prints 6.5% in year one, and rental yield reads 4.04% against a $1,199,900 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,510 by year five. Five-year ROI reaches 32.09% and total cumulative return in cash sums $124,768. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,040/mo property income covering a $5,873/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76710, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 5,432 (44.7%) |
| Renter Occupied HU | 5,927 (48.8%) |
| Vacant Housing Units | 784 ( 6.5%) |
| Median Home Value | $276,703 |
| Average Home Value | $347,593 |
Residential
11,594
Single Family
8,678
Multi-Family
2,916
Businesses
1,729
Date | Event | Price |
|---|---|---|
| 2024-06-07 | Listed for sale | $1,199,900 |
| 2017-03-18 | Listing removed | $259,900 |
| 2017-03-16 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $6928.39 | 4.46% | $422,851 | 10.00% |
| 2023-02-13 | $6632.56 | 0.06% | $384,410 | 18.89% |
| 2022-02-13 | $6628.64 | -1.49% | $323,345 | 10.00% |



Listed by: Tera Kiger • Tera Kiger Brokerage
Mls Name: WMLS
Mls Provider:
Mls ID: #227164
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 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 06:23:23 PST