2240 Mimosa Dr #4NHoustonTX77019
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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
Total monthly income runs $4,255/mo, and a $9,593/mo payment. Purchase price stands at $1,960,000, and rental yield measures 2.61% with $4,255/mo rent. Return on cash invested shows -1.52% in year one, and 5% annual appreciation builds toward $541,512 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,255/mo property income covering a $9,593/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$1,904 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77019, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,315 (100%) |
| Owner Occupied HU | 5,589 (32.3%) |
| Renter Occupied HU | 10,020 (57.9%) |
| Vacant Housing Units | 1,706 ( 9.9%) |
| Median Home Value | $703,962 |
| Average Home Value | $934,995 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
6,477
Multi-Family
9,913
Businesses
853
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Listed by: Adriana Banks • Douglas Elliman Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #24191006
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