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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 3517 Leland Ave, Waco, TX, 76708 offers a 9.27% rental yield on a $125,000 purchase with $966/mo rent. Total monthly income registers $966/mo, and a $612/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $703/yr on $41,438 to close, and return on cash invested stands at 21.61% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 113.42% and total cumulative return in cash at $46,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $966/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
6,011 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 |
|---|---|---|
| 2025-09-15 | Listed for sale | $125,000 |
| 2025-09-06 | Price change | $995 |
| 2025-09-01 | Price change | $1,050 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-15 | $2294.75 | 7.97% | $101,730 | 7.31% |
| 2023-09-15 | $2125.33 | -2.87% | $94,800 | 9.07% |
| 2022-09-15 | $2188.03 | 46.55% | $86,920 | 50.59% |
Listed by: Leslie Edwards • Better Homes and Gardens
Mls Name: NTREIS
Mls ID: #21060537
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.
