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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 3515 Mitchell Rd, Waco, TX, 76708 at $1,390,000 posts ROI 1.74% with from $2,894/mo rent. Total monthly income equals $2,894/mo. Return on cash invested measures 1.74% and rental yield reads 2.5% at the current $1,390,000. Equity gained on principal adds $8,969/yr, and 5% annual appreciation supports $384,031 by year five. Five-year ROI prints 6.57% and total cumulative return in cash totals $29,592. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,894/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
5.57 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 |
|---|---|---|
| 2025-04-23 | Listed for sale | $1,390,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $6570.82 | 12.26% | $374,716 | 10.00% |
| 2023-04-23 | $5853.24 | -10.59% | $340,651 | 10.00% |
| 2022-04-23 | $6546.68 | 1.79% | $309,683 | 10.00% |
Listed by: Anna Reed • Camille Johnson
Mls Name: NTREIS
Mls ID: #20902509
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.
