5708 Lakemont Cir, Waco, TX, 76710 | $436/mo Cash Flow

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5708 Lakemont Cir, Waco, TX, 76710 | $436/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Waco at 5708 Lakemont Cir, Waco, TX, 76710 priced at $249,999 pairs $2,214/mo rent with $436/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,214/mo, and annual cash flow comes to $5,230/yr on $82,875 invested. Return on cash invested is 26.22% in year one, and rental yield stands at 10.63% on a $249,999 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 137.9% and total cumulative return in cash reaches $114,286. For financing, Ziffy Mortgage’s DSCR program evaluates $2,214/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1967

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This updated home sits in the heart of an established neighborhood with easy access to everything Waco has to offer. Three bedrooms, with master and additional multi-purpose room, this home is nearly 2,000 square feet of open floor plan, spacious living for the family! Attached outdoor covered breezeway for patio dining or additional carport space for up to 2 vehicles, with attached one car garage with a fully fenced backyard on a nearly quarter acre, oversized lot; perfect for family outdoor entertaining. Gas stove top with dishwasher and refrigerator and double pantry, the kitchen provides a breakfast bar into the dining space leading into a spacious living room. Youre just minutes from Lake Waco for outdoor recreation, Richland Mall for shopping, and top-rated dining spots along Bosque Blvd and Highway 84. The area is also served by highly rated schools in this Mountainview Neighborhood of Lake Air Estatesmaking it ideal for families. H-E-B, Target, and local gyms are all within a short drive, and youre less than 15 minutes from downtown Waco, Baylor University, and Magnolia Market. Whether youre commuting, raising a family, or just want peace and quiet with convenience, this location delivers on all fronts!

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