706 E Spruce StWestTX76691
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West at 706 E Spruce St, West, TX, 76691 offers $1,853/mo rent that, after a $1,013/mo payment, leaves $337/mo cash flow. Total monthly income is $1,853/mo, and annual cash flow is $4,048/yr on $68,621 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 10.74% at a $207,000 entry. Equity gained on principal adds $1,336/yr while 5% annual appreciation compounds into $57,190 by year five. Five-year ROI records 136% and total cumulative return in cash reaches $93,322. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,853/mo property income versus a $1,013/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76691, West, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,894 (100%) |
| Owner Occupied HU | 2,109 (72.9%) |
| Renter Occupied HU | 569 (19.7%) |
| Vacant Housing Units | 216 ( 7.5%) |
| Median Home Value | $298,397 |
| Average Home Value | $355,776 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,717
Multi-Family
76
Businesses
240
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Nearby investment properties with comparable prices
Listed by: Chelsea Goode • Real Broker, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #227894
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 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:23:24 PST