3901 Old Mill RdWacoTX76710
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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 3901 Old Mill Rd, Waco, TX, 76710 generates $3,700/mo in rent and, after a $2,349/mo payment, leaves $162/mo in cash flow. Total monthly income is $3,700/mo, and annual cash flow is $1,947/yr on $159,087 invested. Return on cash invested sits at 21.13% in year one, and rental yield is 9.25% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash sums $176,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4,399 sqft lot
$N/A/sqft
$125 monthly 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: Joe Unell • Gildenson Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20978362
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.