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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 4114 Gorman Ave, Waco, TX, 76710 offers $2,274/mo rent that, after a $1,395/mo payment, leaves $247/mo cash flow. Total monthly income is $2,274/mo, and annual cash flow is $2,962/yr on $94,476 cash. Return on cash invested measures 23.04% in year one, and rental yield stands at 9.57% at a $284,995 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,739 by year five. Five-year ROI records 120.86% and total cumulative return in cash reaches $114,185. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,274/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
$5 annually 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 |
|---|---|---|
| 2025-01-15 | Price change | $284,995 |
| 2024-12-10 | Price change | $294,998 |
| 2024-12-05 | Price change | $294,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1688.08 | 13.66% | $231,606 | 10.00% |
| 2023-02-13 | $1485.20 | 6.60% | $210,551 | 10.00% |
| 2022-02-13 | $1393.31 | -19.57% | $191,410 | 10.00% |
Listed by: Caroline Shiflet • Lakeside Realty Group, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #15635244
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