








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 4621 Colonial Ave, Waco, TX, 76710 offers a 10% rental yield on a $249,900 purchase with $2,083/mo rent. Total monthly income registers $2,083/mo, and a $1,223/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,120/yr on $82,842 to close, and return on cash invested stands at 23.68% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 124.53% and total cumulative return in cash at $103,166. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,083/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,999 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-30 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $4700.91 | 434.76% | $208,400 | 43.25% |
| 2023-07-01 | $879.07 | 11.97% | $145,478 | 10.00% |
| 2022-07-01 | $785.11 | -34.36% | $132,253 | 10.00% |



Listed by: Kristi Baker • Bentwood Realty
Mls Name: NTREIS
Mls ID: #20985540
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.