7042 Gholson RdWacoTX76705
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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 7042 Gholson Rd, Waco, TX, 76705 generates $1,732/mo in rent, after a $1,221/mo payment. Total monthly income is $1,732/mo. Return on cash invested sits at 19.3% in year one, and rental yield is 8.33% on a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 100.77% and total cumulative return in cash sums $83,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,732/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Housing Distribution
Address Breakdown
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
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Listed by: Lem Brown • eXp Realty, LLC Waco
Mls Name: NTREIS
Mls ID: #21040881
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.