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$149,900

509 N Ross Avenue, Mexia, TX, 76667

$186,211 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,818 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$82.45 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesNone

Building Information

Year Built1961
Garage Spaces1

Land Information

APNR21498
Lot Number10
Land UseResidential
Legal DescriptionRDIV 049-XLIX MEXIA, BLOCK B, LOT 010, (PT)
Census Tract970300
Assessed Land Value$11,220
Assessed Improvement Value$179,250
Assessment Year2024

About this property

Residential or Commercial Property located just off Hwy 84 in Mexia. The home is currently being used as an investment property leased thru July 2026 at 1350 per month. The home is Craftsman style and has a lot of character. It has original hardwood floors with an extra large living room that has a cozy electric fireplace as the focal point and glass french doors leading into a formal dining room. There is an antique swinging door into the remodeled kitchen that is large enough for an island or eat in kitchen table. There are two pantries and a laundry room, three bedrooms, and two full baths one with a nice sized remodeled walk in shower and the other with a shower bath combo. Outside you will find a fenced in back yard, a storage building, and a large detached garage workshop. The home could use some TLC like releveling and a new roof and so it has been priced accordingly.

Investor Tools

$169,125Estimated Mortgage Balance
$21,345Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$186,210
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,143 /month
Positive
Cash Flow Estimate:
$381 /month

Interested in this property?

Dawn James

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,948
$190,470
2024
$11,220
$179,250
$190,470
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,948
$190,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dat Tran
Unknown
$50,000
No
First
Apr 10, 2024
Apr 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,125
$21,345
11%
89%
$1,056/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mexia

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509 N Ross Avenue | Property Details | No Agent List