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$79,900

713 W Fannin St, Mexia, TX, 76667

$103,870 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$75.66 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Gas Range, Refrigerator

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Land Information

APNR20557
Land UseResidential
Legal DescriptionLEE ADDITION MEXIA, ACRES 1, LIFE ESTATE MARY KATHERINE CANNON
Census Tract970200
Assessed Land Value$12,000
Assessed Improvement Value$67,110
Assessment Year2024

About this property

INVESTOR HOUSE TO FIX AND FLIP OR RENTAL IN MEXIA!! This 1,056-square-foot wood-frame house sits on a great 1-acre lot and has amazing potential! If you are looking for a project to fix and flip or do a few updates and use as a rental property, this is the perfect opportunity. The home offers 2 bedrooms and 1 bathroom featuring a walk-in shower, along with extra room to spread out in both a spacious front den and a cozy back den. The kitchen comes equipped with a dishwasher, refrigerator, and gas range, plus an included washer and dryer, while the home utilizes efficient window units and gas heaters. Outside, the roof is approximately 6 years old, offering peace of mind for years to come. The expansive, fenced 1-acre yard provides plenty of space for gardening, plants, or keeping chickens and pets, and a great 8x12 storage shed complete with a front porch makes an ideal hobby room or extra storage space. Please note that cash or conventional loans only can make this property yours. Call today to schedule an appointment and see the incredible potential of this property firsthand!

Investor Tools

$13,023Estimated Mortgage Balance
$205,977Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$103,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$443
$79,110
2024
$12,000
$67,110
$79,110
No

Tax History

Year
Tax Paid
Assessed Value
2022
$443
$79,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mary Katherine Cannon
Unknown
$14,000
No
First
Jan 12, 2023
Jan 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$13,023
$205,977
94%
6%
$84/mo

City: Mexia

713 W Fannin St | Property Details | No Agent List