3000 Mimosa DrShermanTX75092
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 3000 Mimosa Dr, Sherman, TX, 75092 in Sherman earns a 9.73% gross yield at $295,000. Rent of $2,393/mo nets $295/mo after the $1,327/mo mortgage. The 1.80 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $81,503 and $2,717/yr in equity accumulation project a total cumulative return of $132,054.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $295 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,393 |
| Total Monthly Debt Service | $1,980 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75092, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,481 (100%) |
| Owner Occupied HU | 6,768 (50.2%) |
| Renter Occupied HU | 5,661 (42.0%) |
| Vacant Housing Units | 1,052 ( 7.8%) |
| Median Home Value | $310,571 |
| Average Home Value | $339,861 |
Housing Distribution
Address Breakdown
Residential
13,201
Single Family
9,832
Multi-Family
3,369
Businesses
546
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
Single Family
Built in 1973
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75092, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,481 (100%) |
| Owner Occupied HU | 6,768 (50.2%) |
| Renter Occupied HU | 5,661 (42.0%) |
| Vacant Housing Units | 1,052 ( 7.8%) |
| Median Home Value | $310,571 |
| Average Home Value | $339,861 |
Housing Distribution
Address Breakdown
Residential
13,201
Single Family
9,832
Multi-Family
3,369
Businesses
546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber Carter • Butch Fife, REALTORS
Mls Name: NTREIS
Mls ID: #20936711
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.