517 Old Mill Creek DrWacoTX76712
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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
Rental property for sale in Waco at 517 Old Mill Creek Dr, Waco, TX, 76712 priced at $299,900 pairs $2,486/mo rent with $328/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,486/mo, and annual cash flow comes to $3,939/yr on $99,417 invested. Return on cash invested is 23.87% in year one, and rental yield stands at 9.95% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 125.44% and total cumulative return in cash reaches $124,708. For financing, Ziffy Mortgage’s DSCR program evaluates $2,486/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2000
2,482 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76712, Woodway, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,159 (100%) |
| Owner Occupied HU | 7,758 (63.8%) |
| Renter Occupied HU | 3,664 (30.1%) |
| Vacant Housing Units | 737 ( 6.1%) |
| Median Home Value | $345,561 |
| Average Home Value | $391,016 |
Housing Distribution
Address Breakdown
Residential
12,041
Single Family
10,323
Multi-Family
1,718
Businesses
1,182
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Listed by: Aaron Tucker • CENTURY 21 Judge Fite Company
Mls Name: NTREIS
Mls ID: #20961680
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.