606 N 16th St, Waco, TX, 76707 | $422/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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606 N 16th St, Waco, TX, 76707 | $422/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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Investment Property+ 1 more

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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 606 N 16th St, Waco, TX, 76707 generates $1,560/mo in rent and, after a $783/mo payment, leaves $422/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $5,068/yr on $53,040 invested. Return on cash invested sits at 29.46% in year one, and rental yield is 11.7% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 155.36% and total cumulative return in cash sums $82,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.

Single Family

Built in 1959

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Opportunity or Multi-Family Living in Waco! Explore this versatile two-story duplex offering excellent potential for rental income or multi-generational living. Each unit features 2 bedrooms and 1 bath, with private entrances providing comfort and independence for each resident. The downstairs unit (606) offers convenient single-level living with a spacious floor plan, while the upstairs unit (608) includes its own private entrance and stair accessideal for tenants or extended family. Whether youre seeking steady cash flow or prefer to live in one unit and rent the other, this property offers the best of both worlds. Centrally located near downtown Waco, McLennan Community College, Baylor University, shopping, and dining, it combines classic charm, functionality, and strong investment potential in one desirable package. ?? Also available as part of package deals MLS #21090855 & MLS #21090860

Neighborhood Data

Neighborhood data shown for ZIP Code: 76707, Waco, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,387 (100%)
Owner Occupied HU	2,930 (45.9%)
Renter Occupied HU	2,786 (43.6%)
Vacant Housing Units	671 (10.5%)
Median Home Value	$125,157
Average Home Value	$169,327