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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% |
Rental property for sale in Waco at 3600 Sleeper Ave, Waco, TX, 76707 priced at $189,900 converts $2,400/mo rent into $1,050/mo cash flow after a $929/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $12,601/yr on $62,952 invested. Return on cash invested prints 39.93% in year one, and rental yield reads 15.17% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 211.46% and total cumulative return in cash sums $133,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1950
10,114 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 2,930 (45.9%) |
| Renter Occupied HU | 2,786 (43.6%) |
| Vacant Housing Units | 671 (10.5%) |
| Median Home Value | $125,157 |
| Average Home Value | $169,327 |
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Price change | $189,900 |
| 2024-07-25 | Listed for sale | $194,900 |
| 2024-07-17 | Pending sale | $194,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $2586.26 | -2.68% | $115,360 | 9.27% |
| 2022-08-31 | $2657.51 | 45.07% | $105,570 | 49.07% |
| 2021-08-31 | $1831.91 | N/A | $70,820 | 19.77% |
Listed by: Matthew Bassi • All City Real Estate Ltd. Co
Mls Name: WMLS
Mls Provider:
Mls ID: #221567
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
