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Waco 9 Unit “Cashflow Cow” $650k

2600 Grim Ave, Waco
ROI
25.48% IRR
Strategy
Long Term Rental
Nine unit property with $7025 per month when fully occupied. Currently 8 of 9 units leased pulling $6275 per month with leases rolling between fall 2025 and fall 2026. Strong mix of cashflow and appreciation in a major university town. Rents can be increased as leases renew. Best for a seasoned investor looking to scale into larger deals. Will require DSCR financing or cash. I believe there is room to negotiate on price and would start at $550k. Taxes $6767.

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Waco 9 Unit “Cashflow Cow” $650k

Listed 09/03/2025

2600 Grim Ave, Waco

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$1,817/mo

Cap Rate:9.04%

IRR:25.48%

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