608 Preston StWacoTX76704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 608 Preston St, Waco, TX, 76704 priced at $225,990 pairs $1,894/mo rent with $287/mo cash flow after a $1,106/mo payment. Total monthly income equals $1,894/mo, and annual cash flow comes to $3,445/yr on $74,916 invested. Return on cash invested is 24.51% in year one, and rental yield stands at 10.06% on a $225,990 basis. Equity gained on principal adds $1,458/yr, and 5% annual appreciation accumulates to $62,437 by year five. Five-year ROI measures 128.76% and total cumulative return in cash reaches $96,464. For financing, Ziffy Mortgage’s DSCR program evaluates $1,894/mo property income against a $1,106/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,627 (100%) |
| Owner Occupied HU | 1,188 (32.8%) |
| Renter Occupied HU | 1,983 (54.7%) |
| Vacant Housing Units | 456 (12.6%) |
| Median Home Value | $137,931 |
| Average Home Value | $259,444 |
Housing Distribution
Address Breakdown
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
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Nearby investment properties with comparable prices
Listed by: Aaron Jistel • ListingSpark
Mls Name: WMLS
Mls Provider:
Mls ID: #223394
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 00:55:33 PST