6224 Summit Ridge DrWacoTX76710
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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
Investment property for sale in Waco at 6224 Summit Ridge Dr, Waco, TX, 76710 uses $94,478 cash to close to unlock $2,055/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $2,198/mo, and a $1,395/mo payment keeps the spread at $171/mo. Purchase price stands at $285,000, and rental yield measures 9.25% with $2,198/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 115.76% and total cumulative return in cash records $109,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,198/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.27 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,594
Single Family
8,678
Multi-Family
2,916
Businesses
1,729
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