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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 860 N Lacy Dr #1-2, Waco, TX, 76705 offers a 7.2% rental yield on a $400,000 purchase with $2,400/mo rent. 88% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 82.49% and total cumulative return in cash at $109,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76705, Waco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,456 (100%) |
| Owner Occupied HU | 7,317 (54.4%) |
| Renter Occupied HU | 4,479 (33.3%) |
| Vacant Housing Units | 1,660 (12.3%) |
| Median Home Value | $216,331 |
| Average Home Value | $267,191 |
Residential
11,962
Single Family
10,974
Multi-Family
988
Businesses
632
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kenneth Hodges • Better Homes and Gardens
Mls Name: NTREIS
Mls ID: #21086191
