16 Cedar St #D, Mexia, TX, 76667 | $119/mo Cash Flow

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16 Cedar St #D, Mexia, TX, 76667 | $119/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mexia at 16 Cedar St #D, Mexia, TX, 76667 offers a 9.33% rental yield on a $179,500 purchase with $1,396/mo rent. Total monthly income registers $1,396/mo, and a $879/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,429/yr on $59,504 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 117.01% and total cumulative return in cash at $69,628. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,396/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2023

0.70 Acres lot

$N/A/sqft

No HOA

More details about the property

CEDAR D LOT 16 WITH A HOUSE at LAKE MEXIA is a Lake front lot that is 647.79 ft across the front and 142.35 ft across the back, per survey, with a BRAND NEW 16 x 60, 940 sq ft, 3 Bed 2 Bath MANUFACTURED HOME! Manufactured in Waco, TX, this beautiful home is all electric and includes a dishwasher, stove and oven range, vent-a-hood and Whirlpool fridge. WD hookups, covered front and back porches and decks. Open floor plan, hardwood cabinet doors, 2 inch miniblinds throughout, Lino floors, Low E Thermal Pane Windows, AND your backyard is a cove at Lake Mexia! Lake Mexia is located on the Navasota River, seven miles west of the City of Mexia and covers approximately 1140 Ac. Primary fish for the lake are lg mouth bass, white bass, crappie, channel and blue catfish. Recreational opportunities include camping, swimming, boating and fishing, with Fort Parker State Park also located just ten minutes away. Your new lake house awaits you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76667, Mexia, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,921 (100%)
Owner Occupied HU	2,937 (59.7%)
Renter Occupied HU	1,210 (24.6%)
Vacant Housing Units	774 (15.7%)
Median Home Value	$166,706
Average Home Value	$230,596