2304 Mimosa CtLeague CityTX77573
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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
Investment property for sale in League City at 2304 Mimosa Ct, League City, TX, 77573 offers a 10.26% rental yield on a $289,900 purchase with $2,479/mo rent. Total monthly income registers $2,479/mo, and a $1,419/mo payment leaves $417/mo available for distribution. Annual cash flow reaches $5,009/yr on $96,102 to close, and return on cash invested stands at 25.12% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 132.04% and total cumulative return in cash at $126,897. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,479/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77573, League City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,215 (100%) |
| Owner Occupied HU | 26,640 (69.7%) |
| Renter Occupied HU | 9,939 (26.0%) |
| Vacant Housing Units | 1,636 ( 4.3%) |
| Median Home Value | $363,883 |
| Average Home Value | $407,754 |
Housing Distribution
Address Breakdown
Residential
35,692
Single Family
28,202
Multi-Family
7,490
Businesses
1,556
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Listed by: Austin Taylor • NB Elite Realty
Mls Name: HAR
Mls ID: #82205373