721 Austin Ave #BWacoTX76701
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play721 Austin Ave #B, Waco, TX, 76701 in Waco is priced for appreciation, not yield. Rental yield 4.84%. At $475,000 with a 4.84% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $131,234 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.90) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $87,926.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.2% |
| Monthly Cash Flow | $(1,463) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,915 |
| Total Monthly Debt Service | $3,189 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1919
818.93 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76701, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 148 (12.7%) |
| Renter Occupied HU | 786 (67.6%) |
| Vacant Housing Units | 229 (19.7%) |
| Median Home Value | $228,571 |
| Average Home Value | $290,069 |
Housing Distribution
Address Breakdown
Residential
924
Single Family
534
Multi-Family
390
Businesses
719
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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
Condo
Built in 1919
818.93 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76701, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 148 (12.7%) |
| Renter Occupied HU | 786 (67.6%) |
| Vacant Housing Units | 229 (19.7%) |
| Median Home Value | $228,571 |
| Average Home Value | $290,069 |
Housing Distribution
Address Breakdown
Residential
924
Single Family
534
Multi-Family
390
Businesses
719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices