509 N Ross AveMexiaTX76667
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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
Rental property for sale in Mexia at 509 N Ross Ave, Mexia, TX, 76667 offers $1,190/mo rent that, after a $734/mo payment, leaves $124/mo cash flow. Total monthly income is $1,190/mo, and annual cash flow is $1,482/yr on $49,725 cash. Return on cash invested measures 22.89% in year one, and rental yield stands at 9.52% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 120.1% and total cumulative return in cash reaches $59,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,190/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.52 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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