16 Cedar St #DMexiaTX76667
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,122
Multi-Family
140
Businesses
507
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