








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Waco at 721 Austin Ave, Waco, TX, 76701 offers $1,910/mo rent that, after a $1,908/mo payment. Total monthly income is $1,910/mo. Return on cash invested measures 8.65% in year one, and rental yield stands at 5.88% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 44.88% and total cumulative return in cash reaches $58,009. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,910/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1919
818.93 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood data shown for ZIP Code: 76701, Waco, TX area.
| 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 |
Residential
924
Single Family
534
Multi-Family
390
Businesses
719
Date | Event | Price |
|---|---|---|
| 2025-06-12 | Price change | $389,900 |
| 2025-04-23 | Price change | $394,900 |
| 2025-03-31 | Price change | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Robin Harris • Robin Harris, Broker
Mls Name: NTREIS
Mls ID: #20968204
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.