504 Richland DrWacoTX76710
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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
Investment property for sale in Waco at 504 Richland Dr, Waco, TX, 76710 with 5% annual appreciation on a $269,000 basis while $1,993/mo rent supports operations. Total monthly income totals $1,993/mo and a $1,317/mo payment preserves $80/mo for cash returns. Annual cash flow comes to $957/yr on $89,174 deployed, and return on cash invested reaches 20.98% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 8.89%. Five-year ROI measures 109.82% and total cumulative return in cash totals $97,931.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,993/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
9,404 sqft lot
$N/A/sqft
No 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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