6224 Summit Ridge Dr, Waco, TX, 76710 | $171/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6224 Summit Ridge Dr, Waco, TX, 76710 | $171/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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

More details about the property

Beautifully updated near Lake Waco in the sought-after Mountainview neighborhood, this home offers both charm and convenience, just blocks from Mountainview Elementary and Park, and down the street from Vanguard College Preparatory School. Inside, a spacious living room with a stunning picture window overlooks the shaded yard, while the fully updated kitchen features granite counters, stainless steel appliances, a natural gas range, and an eat-at bar alongside a full-size dining area. Whether youre relaxing on the back porch by the fire pit under the majestic live oak or gathering indoors, this home is designed for comfort and connection. Recent updates include laminate flooring, PEX plumbing, HVAC, and water heater. There's an additional room that could be used for a bedroom, office or perfect for extra storage. A sprinkler system keeps the yard looking its best, and the included greenhouse offers extra storage for lawn equipment or gardening projects.

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