862 Fm 3119MexiaTX76667
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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 862 Fm 3119, Mexia, TX, 76667 generates $2,872/mo in rent and, after a $1,456/mo payment, leaves $757/mo in cash flow. Total monthly income is $2,872/mo, and annual cash flow is $9,078/yr on $98,621 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 11.58% on a $297,500 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 153.44% and total cumulative return in cash sums $151,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,872/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1.88 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: Bill Sadler • Sadler Land and Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #223803
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 03:54:50 PDT