








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Waco at 415 Mount Lookout Rd, Waco, TX, 76708 listed at $450,000 pairs $1,777/mo rent with a $2,203/mo payment. Total monthly income runs $1,777/mo. Return on cash invested measures 8.46% in year one, and rental yield registers 4.74% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 42.65% and total cumulative return in cash totals $63,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,777/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-04-17 | $2140.21 | N/A | $125,880 | 35.67% |
| 2018-04-17 | $2140.21 | -79.48% | $92,782 | -84.12% |
| 2017-04-17 | $10430.45 | 2.30% | $584,250 | 41.56% |



Listed by: Leslie Edwards • Better Homes and Gardens
Mls Name: NTREIS
Mls ID: #20907565
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.