2003 Mimosa Dr, Austin, TX, 78745 | $88/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2003 Mimosa Dr, Austin, TX, 78745 | $88/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Austin at 2003 Mimosa Dr, Austin, TX, 78745 priced at $375,000 pairs $2,754/mo rent with $88/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,754/mo, and annual cash flow comes to $1,053/yr on $124,313 invested. Return on cash invested is 20.76% in year one, and rental yield stands at 8.81% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 108.58% and total cumulative return in cash reaches $134,979. For financing, Ziffy Mortgage’s DSCR program evaluates $2,754/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1959

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

No showings until Monday, 10/27. Seller kindly requests showings between 10AM-4PM if at all possible2003 Mimosa Drive is situated in the desirable Mimosa Manor neighborhood and is just a short drive away from downtown Austin. Captivating Mid-Century Gem with Endless Potential. Nestled in the heart of South Austin, this 3 bedroom, 2 bath vintage mid-century home has timeless charm and offers you and your architect an amazing opportunity. This property is a blank canvas awaiting your vision. Original design features include both pink AND blue bathroom tile and period light fixtures. Spacious bedrooms, an eat in kitchen plus a formal dining room, family room,a HUGE great room and large fireplace round out this gem. Large lot with huge front and back yards and room for a pool or entertaining areas. Separate workshop with 220 voltage. and storage shed on foundations. Close to shopping, dining and medical facilities. Walk one half block to best vege grocery store in Austin, Sprouts.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78745, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,423 (100%)
Owner Occupied HU	12,674 (41.7%)
Renter Occupied HU	15,947 (52.4%)
Vacant Housing Units	1,802 ( 5.9%)
Median Home Value	$533,609
Average Home Value	$591,818