706 E Palestine StMexiaTX76667
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 706 E Palestine St, Mexia, TX, 76667 generates $1,356/mo in rent, after a $1,554/mo payment. Total monthly income is $1,356/mo. Return on cash invested sits at 9.63% in year one, and rental yield is 5.13% on a $317,499 entry. Equity gained on principal adds $2,049/yr, while 5% annual appreciation builds toward $87,719 over five years. Five-year ROI reaches 48.94% and total cumulative return in cash sums $51,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,356/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
7,749 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices