860 N Lacy Dr #1-8, Waco, TX, 76705 | Equity Gain $9,679/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waco at 860 N Lacy Dr #1-8, Waco, TX, 76705 offers a 1.43% rental yield on a $1,500,000 purchase with $1,783/mo rent. 57% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,783/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2007

1.17 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 76705, Waco, TX area.

Housing Distribution

Housing Statistics

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