706 E Waco StEnnisTX75119
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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 Ennis at 706 E Waco St, Ennis, TX, 75119 generates $1,530/mo in rent and, after a $1,001/mo payment, leaves $36/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $428/yr on $67,792 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 8.98% on a $204,500 entry. Equity gained on principal adds $1,320/yr, while 5% annual appreciation builds toward $56,500 over five years. Five-year ROI reaches 107.72% and total cumulative return in cash sums $73,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Housing Distribution
Address Breakdown
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
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Listed by: Bernard Patak Jr. • Keller Williams Realty Allen
Mls Name: NTREIS
Mls ID: #20773439
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.