402 Lcr Redbud A #A, Mexia, TX, 76667 | 6.89% Rental Yield

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402 Lcr Redbud A #A, Mexia, TX, 76667 | 6.89% Rental Yield | Ziffy

Pending

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 402 Lcr Redbud A #A, Mexia, TX, 76667 at $239,000 posts ROI 14.96% with from $1,373/mo rent. Total monthly income equals $1,373/mo. Return on cash invested measures 14.96% and rental yield reads 6.89% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 77.56% and total cumulative return in cash totals $61,452. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,373/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1989

1.04 Acres lot

$N/A/sqft

No HOA

More details about the property

Awesome Waterfront Retreat on Lake Mexia! Welcome to your own slice of lakeside paradise! This beautiful waterfront home on Lake Mexia is the perfect place to entertain family and friends or simply unwind in peace and privacy. Nestled on nearly 1.5 acres and surrounded by trees, this property offers a quiet escape with breathtaking lake views. Inside, the home features an open-concept floor plan with a spacious living area and kitchen, perfect for gathering with loved ones. Large sliding glass doors stretch across the back of the home, offering stunning views and easy access to the expansive covered porch, ideal for relaxing summer evenings or morning coffee by the water. A wood burning stove adds warmth and charm to the living room, making it just as cozy in the cooler months. Each bedroom is generously sized and includes its own private bathroom, providing comfort and convenience for everyone. Outside, theres a 2-car garage and workshop with electricity and an attached workroom, perfect for hobbies or extra storage. The property includes a small boat dock, currently in need of some repair or replacement, giving you the potential for easy lake access. Love to fish? Lake Mexia is well known for its bass, catfish, and crappie. And you're just 40 miles from Waco, making this lakefront oasis both peaceful and conveniently located. With summer in full swing, theres no better time to make this dream property yours!

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