707 Garland AveWacoTX76707
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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 707 Garland Ave, Waco, TX, 76707 generates $3,283/mo in rent and, after a $978/mo payment, leaves $1,862/mo in cash flow. Total monthly income is $3,283/mo, and annual cash flow is $22,343/yr on $66,267 invested. Return on cash invested sits at 53.63% in year one, and rental yield is 19.71% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 284.85% and total cumulative return in cash sums $188,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,283/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76707, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 2,930 (45.9%) |
| Renter Occupied HU | 2,786 (43.6%) |
| Vacant Housing Units | 671 (10.5%) |
| Median Home Value | $125,157 |
| Average Home Value | $169,327 |
Housing Distribution
Address Breakdown
Residential
5,753
Single Family
5,340
Multi-Family
413
Businesses
229
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Nearby investment properties with comparable prices
Listed by: Anita Turnbow • Vylla Home
Mls Name: HAR
Mls Provider:
Mls ID: #56500012
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