215 Pat DrMineolaTX75773
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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
Investment Highlights
Rental property for sale in Mineola at 215 Pat Dr, Mineola, TX, 75773 priced at $282,600 converts $2,426/mo rent into $417/mo cash flow after a $1,383/mo obligation. Total monthly income equals $2,426/mo, and annual cash flow totals $4,999/yr on $93,682 invested. Return on cash invested prints 25.24% in year one, and rental yield reads 10.3% against a $282,600 entry. Equity gained on principal adds $1,824/yr, while 5% annual appreciation compiles into $78,077 by year five. Five-year ROI reaches 132.69% and total cumulative return in cash sums $124,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,426/mo property income covering a $1,383/mo payment, not borrower’s personal income.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75773, Mineola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,425 (67.0%) |
| Renter Occupied HU | 1,415 (21.4%) |
| Vacant Housing Units | 762 (11.5%) |
| Median Home Value | $226,528 |
| Average Home Value | $273,507 |
Housing Distribution
Address Breakdown
Residential
6,104
Single Family
5,860
Multi-Family
244
Businesses
565
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Listed by: Dawn Frazier • Quality Choice Solutions, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25001623
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.