$79,900
1218 E Milam St, Mexia, TX, 76667
$95,832 ARV
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesElectric Range
About this property
INCOME POTENTIAL - TENANT OCCUPIED PROPERTY, MEXIA, TX This property is situated on the south side of Hwy 84 or Milam Street in Mexia, Texas. Currently there is a paying Tenant in place - property is perfect for an Investor. Selling AS IS this 2 bedroom, 1 bath property potentially has future Commercial potential along the Highway. Milam Street will be expanding to a total of 5 lanes from Whataburger to past Wal-Mart. The future turn lane will allow traffic to have easier access to businesses along the street.
Investor Tools
$0Estimated Mortgage Balance
$88,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$95,831
Rent-to-Value Ratio: 0.72%
Rent Estimate
$528 /month
Positive
Cash Flow Estimate:
$176 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%
