6605 Elephant Butte DrWacoTX76708
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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 6605 Elephant Butte Dr, Waco, TX, 76708 offers a 10.18% rental yield on a $318,500 purchase with $2,701/mo rent. Total monthly income registers $2,701/mo, and a $1,559/mo payment leaves $376/mo available for distribution. Annual cash flow reaches $4,509/yr on $105,583 to close, and return on cash invested stands at 24.18% in year one. Equity gained on principal adds $2,055/yr while 5% annual appreciation supports $87,996 over five years. Portfolio math shows five-year ROI at 127.2% and total cumulative return in cash at $134,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,701/mo property income against a $1,559/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76708, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,229 (100%) |
| Owner Occupied HU | 6,695 (59.6%) |
| Renter Occupied HU | 3,871 (34.5%) |
| Vacant Housing Units | 663 ( 5.9%) |
| Median Home Value | $262,406 |
| Average Home Value | $291,043 |
Housing Distribution
Address Breakdown
Residential
11,224
Single Family
10,491
Multi-Family
733
Businesses
463
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Listed by: Dana Mitchell • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20967682
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.