924 Gurley LnWacoTX76706
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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 Gurley Ln, Waco, TX, 76706 priced at $179,900 converts $1,979/mo rent into $699/mo cash flow after a $881/mo obligation. Total monthly income equals $1,979/mo, and annual cash flow totals $8,391/yr on $59,637 invested. Return on cash invested prints 33.98% in year one, and rental yield reads 13.2% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 179.56% and total cumulative return in cash sums $107,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,979/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.28 Acres 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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Listed by: Daniela Rodriguez • Turner Brothers Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20960523
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.