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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Waco at 624 N 16th St, Waco, TX, 76707 offers a 8.29% rental yield on a $221,640 purchase with $1,532/mo rent. 19% in year one. Equity gained on principal adds $1,430/yr while 5% annual appreciation supports $61,235 over five years. Portfolio math shows five-year ROI at 100.2% and total cumulative return in cash at $73,618. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,532/mo property income against a $1,085/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 2,930 (45.9%) |
| Renter Occupied HU | 2,786 (43.6%) |
| Vacant Housing Units | 671 (10.5%) |
| Median Home Value | $125,157 |
| Average Home Value | $169,327 |
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lori Alambar • Regency Park Properties LLC
Mls Name: NTREIS
Mls ID: #21126347
