4924 Cobbs Dr APT 3DWacoTX76710
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 4924 Cobbs Dr APT 3D, Waco, TX, 76710 in Waco achieves a 1.87 ratio at $212,000: $1,781/mo rent versus $953/mo debt service. Rental yield 10.08%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.08% yield compounds alongside 5% annual appreciation projecting $58,572 in value. Total projected cumulative return: $43,047.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $(658) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,781 |
| Total Monthly Debt Service | $2,354 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1966
2,308 sqft lot
$N/A/sqft
$931 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1966
2,308 sqft lot
$N/A/sqft
$931 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Burgess Weist • Kelly
Mls Name: NTREIS
Mls ID: #20913365
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.