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504 Preston St, Waco, TX 76704

5 Beds / 2.5 Baths • 1,742 SqFt
Available
Offer Submission Deadline
  • Single Family House
  • 5
  • 2.5
  • 1913
  • 1742
  • 1742
  • No Garage

Description

💰 $199K Purchase | $299K ARV – Cash-Flowing Rental Near Baylor

📍 Location: Waco, TX 76704 (2 miles from Baylor University)

🏠 Type: Single-family home

📐 Size: 1,742 sqft

🛏️ Beds/Baths: 5 bed / 2.5 bath

🏘️ Strategy: Rent-by-the-room (4 out of 5 rooms rented)

💵 Income:

  • $3,000/month currently collected
  • Up to $3,700/month fully leased
  • High cash flow with multifamily-style returns

🔥 Highlights:

  • Prime student rental location
  • One room still available to boost income
  • Fully operational and income-producing
  • Strong appreciation potential near Baylor

Estimated Spread

  • ARV $300,000
  • Price $199,500
  • Spread $100,500

Bernard Reign

Phone (702) 274-3923
Email berny@winvestmentco.com
Make an Offer
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