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$269,900

516 S Mckinney St, Mexia, TX, 76667

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,416 Sq Ft
price_per_sqft$190.61 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesGas Range, Refrigerator
FlooringVinyl, Wood

Building Information

Year Built1969
Garage Spaces1

Land Information

APNR20860
Land UseResidential
Legal DescriptionDIVISION M MEXIA, BLOCK 005, (75X145')
Census Tract970400
Assessed Land Value$8,480
Assessed Improvement Value$91,650
Assessment Year2024

About this property

Solid built home with original wood floors and knotty pine paneling. The primary bedroom is large with two closets. The bathroom has been updated with new tile in the combo shower bath tub area. The kitchen has custom built cabinets and is large enough for an eat in kitchen. The back porch has been enclosed to make a great mud room and laundry area. The Living Room is spacious with a decorative fireplace as it was capped off years ago. There is a plug next to the fireplace to add a faux electric heater fireplace. There are 3 gas space heaters and 2 wall unit air conditioners that keep the home cozy year round. There is an oversized one car garage with room for a workshop or storage. This home sits on a quarter acre lot with a nice deck on the back to enjoy a shaded back yard with a mature producing pecan tree. Directly behind this home is a one acre fenced parcel of land that is also included with this listing along with a second home or guest quarters next door. This package deal with the small yellow house next door and the one acre parcel of land behind adds up to 1.5 acres. The small yellow home needs has sheetrock but needs renovations completed. Bring your imagination - the historic yellow home would make an awesome B&B.

Investor Tools

$0Estimated Mortgage Balance
$136,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,619 /month
Positive
Cash Flow Estimate:
$540 /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
$172/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,386
$100,130
2024
$8,480
$91,650
$100,130
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,386
$100,130

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$168,000
100%
0%
$0/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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516 S Mckinney St | Property Details | No Agent List