5118 Lake Shore 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 5118 Lake Shore Dr, Waco, TX, 76710 uses $51,383 cash to close to unlock $4,889/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $1,510/mo, and a $759/mo payment keeps the spread at $407/mo. Purchase price stands at $155,000, and rental yield measures 11.69% with $1,510/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 155.15% and total cumulative return in cash records $79,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,510/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1969
0.17 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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