713 N Mesquite St, Hico, TX, 76457 | $177/mo Cash Flow

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713 N Mesquite St, Hico, TX, 76457 | $177/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hico at 713 N Mesquite St, Hico, TX, 76457 earns $177/mo cash flow from $2,131/mo rent with a $1,346/mo payment. Total monthly income totals $2,131/mo, and annual cash flow totals $2,120/yr on $91,129 capital. ROI tracks 22.24% on current figures, and rental yield reads 9.3% at a $274,900 purchase. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 over five years. Five-year ROI reaches 116.54% and total cumulative return in cash sums $106,203. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,131/mo property income instead of your personal income.

Single Family

Built in 1940

1.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 713 N Mesquite Street, a charming vintage home located on a spacious 1.4-acre lot right inside the city limits of Hico, Texas. Built in the early 1900s, this two-bedroom, one-bath home offers 1,127 square feet of inviting living space, filled with character and comfort. Enjoy peaceful mornings and relaxing evenings on the beautiful back porch overlooking your very own fish pond and shaded yarda true sanctuary in town. The property also features a versatile storage building and plenty of open space, making it ideal for gardening, hobbies, or simply enjoying a little extra room to roam while staying close to schools, shops, and restaurants. This unique property combines the convenience of in-town living with the privacy and charm of a larger lot. Priced at $274,900, its a rare opportunity to own a historic home on acreage within Hicos city limits.

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