11 Mimosa PlRichardsonTX75080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richardson at 11 Mimosa Pl, Richardson, TX, 75080 priced at $1,550,000 converts $6,227/mo rent into after a $7,586/mo obligation. Total monthly income equals $6,227/mo. Return on cash invested prints 8.57% in year one, and rental yield reads 4.82% against a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation compiles into $428,236 by year five. Five-year ROI reaches 43.32% and total cumulative return in cash sums $217,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,227/mo property income covering a $7,586/mo payment, not borrower’s personal income.
Single Family
Built in 2022
9,713 sqft lot
$N/A/sqft
$850 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Housing Distribution
Address Breakdown
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sergio Manriquez • Allie Beth Allman & Assoc.
Mls Name: NTREIS
Mls ID: #20966217
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.