








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 Waco at 709 Kipling Dr, Waco, TX, 76710 listed at $244,900 pairs $2,062/mo rent with a $1,199/mo payment to leave $239/mo cash flow. Total monthly income runs $2,062/mo, and annual cash flow reaches $2,865/yr on $81,184 cash to close. Return on cash invested measures 23.44% in year one, and rental yield registers 10.1% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 123.41% and total cumulative return in cash totals $100,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,062/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
9,953 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76710, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 5,432 (44.7%) |
| Renter Occupied HU | 5,927 (48.8%) |
| Vacant Housing Units | 784 ( 6.5%) |
| Median Home Value | $276,703 |
| Average Home Value | $347,593 |
Residential
11,594
Single Family
8,678
Multi-Family
2,916
Businesses
1,729
Date | Event | Price |
|---|---|---|
| 2025-01-30 | Price change | $244,900 |
| 2025-01-17 | Listed for sale | $249,900 |
| 2010-05-08 | Listing removed | $84,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5042.66 | -3.40% | $223,550 | -3.99% |
| 2023-02-13 | $5220.04 | -3.22% | $232,840 | 8.67% |
| 2022-02-13 | $5393.81 | 25.84% | $214,270 | 29.31% |



Listed by: Jennifer Shelburne • Bentwood Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #227645
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 06:23:23 PST