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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 3824 Shelby Ave, Waco, TX, 76711 priced at $119,500 converts $954/mo rent into $104/mo cash flow after a $585/mo obligation. Total monthly income equals $954/mo, and annual cash flow totals $1,249/yr on $39,614 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 9.58% against a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation compiles into $33,016 by year five. Five-year ROI reaches 121.09% and total cumulative return in cash sums $47,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $954/mo property income covering a $585/mo payment, not borrower’s personal income.
Single Family
Built in 1949
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76711, Waco, TX area.
| 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 |
Residential
3,858
Single Family
2,857
Multi-Family
1,001
Businesses
285
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $119,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $95.48 | N/A | $66,042 | 10.00% |
| 2023-04-03 | N/A | N/A | $60,038 | -28.19% |
| 2022-04-03 | $2104.72 | 439.38% | $83,610 | 68.51% |
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20892593
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.
