513 N Mesquite StHicoTX76457
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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 Hico at 513 N Mesquite St, Hico, TX, 76457 earns $230/mo cash flow from $1,758/mo rent with a $1,052/mo payment. Total monthly income totals $1,758/mo, and annual cash flow totals $2,756/yr on $71,239 capital. ROI tracks 23.78% on current figures, and rental yield reads 9.82% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 124.81% and total cumulative return in cash sums $88,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,758/mo property income instead of your personal income.
Single Family
Built in 1904
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76457, Hico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,299 (59.3%) |
| Renter Occupied HU | 406 (18.5%) |
| Vacant Housing Units | 484 (22.1%) |
| Median Home Value | $260,659 |
| Average Home Value | $374,378 |
Housing Distribution
Address Breakdown
Residential
1,597
Single Family
1,597
Multi-Family
0
Businesses
162
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