608 S 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 608 S Ross Ave, Mexia, TX, 76667 generates $15,295/mo in rent and, after a $2,442/mo payment, leaves $11,747/mo in cash flow. Total monthly income is $15,295/mo, and annual cash flow is $140,963/yr on $165,419 invested. Return on cash invested sits at 105.12% in year one, and rental yield is 36.78% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 561% and total cumulative return in cash sums $928,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $15,295/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
0.76 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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Listed by: Katherine McSwane • McSwane Real Estate, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #84018501
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