518 W Moonlight DrWacoTX76706
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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 518 W Moonlight Dr, Waco, TX, 76706 priced at $390,000 converts $2,754/mo rent into after a $1,909/mo obligation. Total monthly income equals $2,754/mo. Return on cash invested prints 19.73% in year one, and rental yield reads 8.47% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 103.08% and total cumulative return in cash sums $133,268. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,754/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1984
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,478 (100%) |
| Owner Occupied HU | 6,004 (34.4%) |
| Renter Occupied HU | 9,655 (55.2%) |
| Vacant Housing Units | 1,819 (10.4%) |
| Median Home Value | $272,760 |
| Average Home Value | $299,834 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
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Listed by: Tiffanye Harrell • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #222705
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-12-27 00:25:32 PST