905 Carver AveWacoTX76704
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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
Investment Highlights
Investment property for sale in Waco at 905 Carver Ave, Waco, TX, 76704 listed at $178,000 pairs $2,332/mo rent with a $871/mo payment to leave $1,066/mo cash flow. Total monthly income runs $2,332/mo, and annual cash flow reaches $12,797/yr on $59,007 cash to close. Return on cash invested measures 41.6% in year one, and rental yield registers 15.72% at a $178,000 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,178 by year five. Five-year ROI tracks 220.41% and total cumulative return in cash totals $130,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,332/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76704, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,627 (100%) |
| Owner Occupied HU | 1,188 (32.8%) |
| Renter Occupied HU | 1,983 (54.7%) |
| Vacant Housing Units | 456 (12.6%) |
| Median Home Value | $137,931 |
| Average Home Value | $259,444 |
Housing Distribution
Address Breakdown
Residential
3,287
Single Family
2,600
Multi-Family
687
Businesses
193
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Listed by: John Williams • Re/Max Centex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #222188
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 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 05:58:23 PDT