3612 Morrow AveWacoTX76710
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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
Investment Highlights
Rental property for sale in Waco at 3612 Morrow Ave, Waco, TX, 76710 generates $1,744/mo in rent and, after a $928/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,744/mo, and annual cash flow is $4,321/yr on $62,819 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 11.04% on a $189,500 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 141.26% and total cumulative return in cash sums $88,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,744/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76710, Waco, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,594
Single Family
8,678
Multi-Family
2,916
Businesses
1,729
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Listed by: Judson Griffis • Judson Griffis Real Estate
Mls Name: NTREIS
Mls ID: #21025284
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.