621 S Ruidoso Downs 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 621 S Ruidoso Downs Dr, Waco, TX, 76706 priced at $447,500 pairs $3,022/mo rent with after a $2,190/mo payment. Total monthly income equals $3,022/mo. Return on cash invested is 18.62% in year one, and rental yield stands at 8.1% on a $447,500 basis. Equity gained on principal adds $2,888/yr, and 5% annual appreciation accumulates to $123,636 by year five. Five-year ROI measures 97.14% and total cumulative return in cash reaches $144,109. For financing, Ziffy Mortgage’s DSCR program evaluates $3,022/mo property income against a $2,190/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.47 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: Aaron Williams • Camille Johnson
Mls Name: NTREIS
Mls ID: #20943991
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.