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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Nadia Ruiz • Versatile Real Estate Co.
Mls Name: NTREIS
Mls ID: #21009507
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.
Rental property for sale in Waco at 3614 Erath Ave, Waco, TX, 76710 generates $1,747/mo in rent and, after a $1,121/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,747/mo, and annual cash flow is $1,421/yr on $75,914 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 9.15% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 114.12% and total cumulative return in cash sums $86,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
7,501 sqft 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 |
|---|---|---|
| 2025-07-23 | Listed for sale | $229,000 |
| 2025-07-15 | Listed for rent | $2,300 |
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $2583.26 | 7.73% | $114,520 | 7.07% |
| 2023-07-23 | $2397.94 | 1.58% | $106,960 | 14.05% |
| 2022-07-23 | $2360.72 | 46.09% | $93,780 | 50.12% |
