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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 Woodway at 705 Salisbury Dr, Woodway, TX, 76712 uses $196,413 cash to close to unlock $23,636/yr annual cash flow and $1,970/mo monthly cash flow. Total monthly income runs $6,300/mo, and a $2,922/mo payment keeps the spread at $1,970/mo. Purchase price stands at $597,000, and rental yield measures 12.66% with $6,300/mo rent. Return on cash invested shows 32.09% in year one, and 5% annual appreciation builds toward $164,940 over five years. Five-year ROI reaches 169.56% and total cumulative return in cash records $333,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,300/mo property income covering a $2,922/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
$85 monthly HOA
Neighborhood data shown for ZIP Code: 76712, Woodway, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,159 (100%) |
| Owner Occupied HU | 7,758 (63.8%) |
| Renter Occupied HU | 3,664 (30.1%) |
| Vacant Housing Units | 737 ( 6.1%) |
| Median Home Value | $345,561 |
| Average Home Value | $391,016 |
Residential
12,041
Single Family
10,323
Multi-Family
1,718
Businesses
1,182
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Price change | $597,000 |
| 2024-08-22 | Listed for sale | $605,000 |
| 2023-01-23 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $9235.66 | 1.42% | $516,250 | 11.74% |
| 2022-08-31 | $9105.92 | 843.66% | $462,000 | 1100.00% |
| 2021-08-31 | $964.96 | N/A | $38,500 | -9.33% |
Listed by: Brian Townley • Paramount Realty & Management
Mls Name: WMLS
Mls Provider:
Mls ID: #225050
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 04:28:25 PDT
