924 Brown AveWacoTX76706
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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
Rental property for sale in Waco at 924 Brown Ave, Waco, TX, 76706 priced at $209,300 converts $2,422/mo rent into $872/mo cash flow after a $1,024/mo obligation. Total monthly income equals $2,422/mo, and annual cash flow totals $10,470/yr on $69,383 invested. Return on cash invested prints 35% in year one, and rental yield reads 13.89% against a $209,300 entry. Equity gained on principal adds $1,351/yr, while 5% annual appreciation compiles into $57,826 by year five. Five-year ROI reaches 185.39% and total cumulative return in cash sums $128,628. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,422/mo property income covering a $1,024/mo payment, not borrower’s personal income.
Single Family
Built in 2001
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76706, Waco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,478 (100%) |
| Owner Occupied HU | 6,004 (34.4%) |
| Renter Occupied HU | 9,655 (55.2%) |
| Vacant Housing Units | 1,819 (10.4%) |
| Median Home Value | $272,760 |
| Average Home Value | $299,834 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
13,277
Multi-Family
1,929
Businesses
788
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