616 Tulane StWacoTX76711
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
Investment property for sale in Waco at 616 Tulane St, Waco, TX, 76711 uses $48,068 cash to close to unlock $3,451/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,319/mo, and a $710/mo payment keeps the spread at $288/mo. Purchase price stands at $145,000, and rental yield measures 10.92% with $1,319/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 142.59% and total cumulative return in cash records $68,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,319/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1954
4,181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76711, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 1,918 (43.9%) |
| Renter Occupied HU | 1,837 (42.0%) |
| Vacant Housing Units | 617 (14.1%) |
| Median Home Value | $116,667 |
| Average Home Value | $151,031 |
Housing Distribution
Address Breakdown
Residential
3,858
Single Family
2,857
Multi-Family
1,001
Businesses
285
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices