3816 Charlton AveWacoTX76711
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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
Investment property for sale in Waco at 3816 Charlton Ave, Waco, TX, 76711 uses $64,643 cash to close to unlock $141/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $954/mo payment keeps the spread at $12/mo. Purchase price stands at $195,000, and rental yield measures 8.6% with $1,398/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 105.23% and total cumulative return in cash records $68,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1947
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76711, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 1,918 (43.9%) |
| Renter Occupied HU | 1,837 (42.0%) |
| Vacant Housing Units | 617 (14.1%) |
| Median Home Value | $116,667 |
| Average Home Value | $151,031 |
Housing Distribution
Address Breakdown
Residential
3,858
Single Family
2,857
Multi-Family
1,001
Businesses
285
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