3750 River Bend LnWacoTX76705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3750 River Bend Ln, Waco, TX, 76705 priced at $1,245,000 converts $1,852/mo rent into after a $6,094/mo obligation. Total monthly income equals $1,852/mo. Return on cash invested prints -0.46% in year one, and rental yield reads 1.79% against a $1,245,000 entry. Equity gained on principal adds $8,034/yr, while 5% annual appreciation compiles into $343,971 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,852/mo property income covering a $6,094/mo payment, not borrower’s personal income.
Single Family
Built in 2004
12.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Housing Distribution
Address Breakdown
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ellen White • Camille Johnson
Mls Name: WMLS
Mls Provider:
Mls ID: #220079
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 02:28:24 PDT