603 N Mesquite St, Hico, TX, 76457 | $741/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

603 N Mesquite St, Hico, TX, 76457 | $741/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
4 Bath
3650 sft

106 W Whitney St, Hamilton, TX, 76531

4 Bed
3 Bath
2689 sft

999 W Boynton St, Hamilton, TX, 76531

4 Bed
3 Bath
3142 sft

4137 County Road 617, Hamilton, TX, 76531

5 Bed
4 Bath
3591 sft

603 E Ross St, Hamilton, TX, 76531

Nearby investment properties with comparable prices

Investment Property+ 1 more

3 Bed
2 Bath
1805 sft

112 W Grubbs St, Hico, TX, 76457

3 Bed
2 Bath
1320 sft

240 County Road 140, Carlton, TX, 76436

3 Bed
2 Bath
1292 sft

610 N Pecan St, Hico, TX, 76457

5 Bed
2 Bath
2559 sft

204 Park Hill Dr, Hamilton, TX, 76531

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Hico at 603 N Mesquite St, Hico, TX, 76457 with 5% annual appreciation on a $335,000 basis while $3,124/mo rent supports operations. Total monthly income totals $3,124/mo and a $1,640/mo payment preserves $741/mo for cash returns. Annual cash flow comes to $8,897/yr on $111,053 deployed, and return on cash invested reaches 27.92% in year one. Equity gained on principal adds $2,162/yr, and five-year appreciation sums $92,554 alongside rental yield of 11.19%. Five-year ROI measures 147.04% and total cumulative return in cash totals $163,292.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,124/mo property income versus a $1,640/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1925

0.67 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 603 N Mesquite St. an ideal setup for multi-generational living or investment potential, right in the heart of Hico. This charming property features a main home plus a separate in-law suite, offering flexible space for extended family, guests, or rental income. The detached suite provides privacy and independence while remaining just steps away from the main house. Youll also find a separate storage building with its own bathroom and laundry hookupsperfect for a workshop, studio, or future conversion. The spacious, privacy-fenced backyard is great for pets and play, with a generous deck for relaxing or entertaining under the Texas sky. Inside, enjoy abundant storage and a functional mud laundry room with room for updates. Whether youre looking for a comfortable residence with room to grow, rental potential, or a place to accommodate family, this property is full of opportunity.

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