2705 Mimosa Dr #7 · Mission, TX
Flood risk 3/10 · Minor
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- 0.12%
- Est. flood insurance / yr
- —
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 9/10 · Severe
- Hot days now (above 111°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 96.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +15.4/30.0
- ARV discount +15.0/15.0
- 1% rule +7.2/10.0
- DSCR +4.7/10.0
- Schools +3.8/10.0
- Livability +3.8/5.0
- Condition / age +3.8/5.0
- Rent growth +2.5/5.0
- Appreciation +0.0/10.0
$115,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Investment opportunity, income producing condo. Comfort & Convenience in a Gated Community. This well-kept Spanish Mediterranean-style condo offers a great blend of comfort, style, and location. Situated in a gated community close to parks, shopping centers, and schools, this home is ideal for anyone looking for a practical and welcoming place to live. Inside, you'll find tile flooring throughout, a modern kitchen with quartz countertops, stainless steel appliances, and wood cabinets that provide both charm and functionality.
Key facts
- Gated community
- Quartz countertops
- Ceiling fans
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $115k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $44 ($527/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $115k).
- Cap rate 6.8% vs local median 3.7% in Mission — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 75/100 on livability (#148 in TX, #4,155 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
- Sharyland ISD (urban): math 34% / reading 44% proficiency, ranked #406 of 826 in TX (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Donna Wernecke El (math 23% / reading 35%, grade F, #2,668 of 4,322 statewide, top 63%, 697 students, 71% FRL); Sharyland North J H (math 46% / reading 42%, grade D, #512 of 1,662 statewide, top 32%, 806 students, 74% FRL); Sharyland Pioneer H S (math 31% / reading 51%, grade F, #774 of 1,632 statewide, top 49%, 1,471 students, 68% FRL) — zoned schools average 71% FRL vs 55% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 601 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).
- This rent runs 32% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Hidalgo County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
- 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 96% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.22% ✓
- Cap rate
- 6.75%
- Cash-on-cash
- 1.64%
- DSCR
- 1.07
- GRM
- 6.8
CMA / ARV
- ARV (median comp)
- $141,420
- List price
- $115,000
- Delta
- -18.68%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2705 Mimosa St #10 | 0.00mi | 2/2.0 | 1,245 (+2%) | 0mo | $115,000 | $92 | 97 |
| 5013 Sequoia St | 0.33mi | 2/2.0 | 1,334 (+9%) | 3mo | $225,000 | $169 | 68 |
| 2309 Yarrow St | 0.98mi | 2/2.0 | 1,304 (+7%) | 1mo | $189,000 | $145 | 53 |
| 2312 Umbel St | 1.11mi | 2/2.0 | 1,314 (+7%) | 0mo | $158,000 | $120 | 52 |
| 2304 Viola St | 1.07mi | 2/2.0 | 1,303 (+6%) | 3mo | $125,000 | $96 | 52 |
| 2713 E Solar Dr | 0.37mi | 3/2.5 (+1) | 1,455 (+19%) | 3mo | $290,000 | $199 | 48 |
| 4113 Carnation Ave | 1.20mi | 2/2.0 | 1,093 (-11%) | 2mo | $200,000 | $183 | 46 |
| 1922 E 23rd St | 0.93mi | 2/1.0 | 1,118 (-9%) | 2mo | $155,000 | $139 | 45 |
| 2302 Brock St | 0.54mi | 3/2.0 (+1) | 1,406 (+15%) | 2mo | $225,000 | $160 | 43 |
| 4804 Camellia Ave | 0.94mi | 2/2.0 | 1,068 (-13%) | 2mo | $104,900 | $98 | 42 |
| 5101 Gene St #14 | 1.01mi | 2/1.0 | 991 (-19%) | 1mo | $99,000 | $100 | 35 |
| 2902 Granite Dr | 0.75mi | 3/3.0 (+1) | 1,440 (+18%) | 3mo | $264,900 | $184 | 28 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- -13.5%
- Equity multiple
- 0.51×
- Total profit
- $-15,649
- Equity at exit
- $17,147
- IRR
- -4.3%
- Equity multiple
- 0.71×
- Total profit
- $-9,257
- Equity at exit
- $9,943
Cash invested: $32,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 2 active · 2 under contract
- Median asking
- $155,500 ($110/sqft)
- Median days on market
- 185 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +5.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 78574
- Home prices YoY
- -16.1%
- Active inventory
- 601
- Price-to-rent
- 6.8×
Monthly cashflow live
- Estimated rent
- $1,407 high interval (Pro) →
- Mortgage (P&I)
- −$603
- Tax est. 1.5%
- −$144 /mo · $1,725/yr
- Insurance
- −$48
- HOA
- −$273
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$296
- Net cashflow
- $44
Break-even live
Sensitivity live
| Price | -10% $123 | -5% $84 | +0% $44 | +5% $4 | +10% $-36 |
|---|---|---|---|---|---|
| Rent | -10% $-67 | -5% $-12 | +0% $44 | +5% $100 | +10% $155 |
| Rate | -1.0pp $102 | -0.5pp $73 | base $44 | +0.5pp $14 | +1.0pp $-16 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $28,750
- Closing costs
- $3,450
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2705 Mimosa St #1 Mission, TX | 3.0 | 2.0 | 1364 | $1,350 | $0.99 | 62d | 1 | 0.02mi |
| 2705 Mimosa St #8 Mission, TX | 2.0 | 2.0 | 1245 | $1,480 | $1.19 | 139d | 1 | 0.02mi |
| 2715 Mimosa St #12 Mission, TX | 3.0 | 2.0 | 1408 | $1,250 | $0.89 | 62d | 1 | 0.03mi |
| 2815 Mimosa St Unit 8 Mission, TX | 2.0 | 2.0 | 1100 | $975 | $0.89 | 62d | 1 | 0.07mi |
| 2815 Mimosa St Mission, TX | 2.0 | 2.0 | 1100 | $1,000 | $0.91 | 5d | 1 | 0.07mi |
| 4725 Mulberry Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 928 | $1,095 | $1.18 | 62d | 1 | 0.42mi |
| 4729 Magnolia Ave Unit 4 McAllen, TX | 2.0 | 2.0 | 954 | $1,300 | $1.36 | 139d | 1 | 0.44mi |
| 4705 Mulberry Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 954 | $1,000 | $1.05 | 5d | 1 | 0.49mi |
| 4705 Mulberry Ave Unit 1 McAllen, TX | 3.0 | 2.0 | 1142 | $1,300 | $1.14 | 62d | 1 | 0.49mi |
| 2301 N 50th St McAllen, TX | 3.0 | 2.0 | 1499 | $1,650 | $1.10 | 0d | 1 | 0.50mi |
| 4701 Mulberry Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 954 | $1,250 | $1.31 | 5d | 1 | 0.51mi |
| 4701 Mulberry Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 954 | $1,250 | $1.31 | 117d | 1 | 0.51mi |
| 4701 Mulberry Ave #1 McAllen, TX | 3.0 | 2.0 | 954 | $1,400 | $1.47 | 1d | 1 | 0.51mi |
| 2302 Brock St Mission, TX | 3.0 | 2.0 | 1406 | $1,750 | $1.24 | 5d | 1 | 0.54mi |
| 2313 E 21st St Mission, TX | 3.0 | 2.0 | 1498 | $1,525 | $1.02 | 5d | 1 | 0.57mi |
| 2614 E Solar Dr Mission, TX | 3.0 | 2.5 | 1492 | $3,000 | $2.01 | 119d | 1 | 0.59mi |
| 4217 La Vista Ave Unit 2 McAllen, TX | 3.0 | 2.0 | 1030 | $1,300 | $1.26 | 139d | 1 | 0.61mi |
| 2210 E 23rd St Mission, TX | 3.0 | 2.0 | 1443 | $1,700 | $1.18 | 5d | 1 | 0.65mi |
| 411 N 48th St McAllen, TX | 3.0 | 2.5 | 1125 | $995 | $0.88 | 5d | 1 | 0.77mi |
| 2113 E 29th St Mission, TX | 3.0 | 2.0 | 1442 | $1,680 | $1.17 | 5d | 1 | 0.80mi |
| 2113 E 29th St Mission, TX | 3.0 | 2.0 | 1442 | $1,600 | $1.11 | 1d | 1 | 0.80mi |
| 4305 Walnut Ave Unit 5 McAllen, TX | 1.0 | 1.0 | 900 | $920 | $1.02 | 110d | 1 | 0.80mi |
| 4216 Walnut Ave Unit 3 McAllen, TX | 3.0 | 2.0 | 1020 | $1,375 | $1.35 | 139d | 1 | 0.82mi |
| 4305 Walnut Ave Unit 1 McAllen, TX | 3.0 | 2.0 | 1148 | $1,250 | $1.09 | 119d | 1 | 0.83mi |
| 4301 Walnut Ave Unit 4 McAllen, TX | 1.0 | 1.0 | 1148 | $950 | $0.83 | 5d | 1 | 0.83mi |
| 4305 Walnut Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 900 | $1,250 | $1.39 | 139d | 1 | 0.83mi |
| 4216 Walnut Ave Unit 1 McAllen, TX | 2.0 | 2.0 | 831 | $1,150 | $1.38 | 0d | 1 | 0.83mi |
| 4208 Walnut Ave Unit 1 McAllen, TX | 2.0 | 2.0 | 841 | $1,100 | $1.31 | 5d | 1 | 0.83mi |
| 4120 La Vista Ave Unit 4 McAllen, TX | 1.0 | 1.0 | 1148 | $950 | $0.83 | 5d | 1 | 0.93mi |
| 4116 Walnut Ave Unit 1 McAllen, TX | 2.0 | 2.0 | 950 | $1,025 | $1.08 | 110d | 1 | 0.94mi |
| 4116 Walnut Ave Unit 1 McAllen, TX | 2.0 | 2.0 | 950 | $1,150 | $1.21 | 62d | 1 | 0.94mi |
| 3908 Walnut Ave Unit 2 McAllen, TX | 2.0 | 2.0 | 850 | $1,125 | $1.32 | 0d | 1 | 0.95mi |
| 3908 Walnut Ave Unit 3 McAllen, TX | 2.0 | 2.0 | 850 | $1,195 | $1.41 | 139d | 1 | 0.95mi |
| 4004 Walnut Ave Unit 4004-3 McAllen, TX | 2.0 | 2.0 | 850 | $1,195 | $1.41 | 62d | 1 | 0.97mi |
| 4104 Walnut Ave Unit 4 McAllen, TX | 2.0 | 2.0 | 950 | $1,075 | $1.13 | 5d | 1 | 0.99mi |
| 2510 E U.S. Business 83 Unit 20 Mission, TX | 2.0 | 1.5 | 940 | $800 | $0.85 | 5d | 1 | 1.01mi |
| 2510 E U.S. Business 83 Unit 8 Mission, TX | 2.0 | 1.5 | 940 | $800 | $0.85 | 110d | 1 | 1.01mi |
| 1901 N Glasscock Rd Unit 150 Mission, TX | 2.0 | 2.0 | 800 | $850 | $1.06 | 139d | 1 | 1.02mi |
| 1916 Summer Breeze Rd Unit B Mission, TX | 2.0 | 2.0 | 1050 | $895 | $0.85 | 5d | 1 | 1.02mi |
| 4004 La Vista Ave Apt 3 McAllen, TX | 2.0 | 2.0 | 826 | $1,200 | $1.45 | 5d | 1 | 1.03mi |
Property features AI
Finance
- Other
- Gated community with sidewalks
- HOA & community
- HOA membership required (The Havens at Adams Crossings HOA)Association fee of $820 paid quarterlyPOA transfer fee applies
Exterior
- Parking
- No garageNo carportNo covered parkingNo designated parking spaces
- Security
- Gated communityMotorized gate
- Utilities
- Public waterCity sewerCable availableElectric service for major systems
- Home design
- Condominium unitPaved road access
- Construction
- Stone and stucco exteriorClay tile roofSlab foundationBuilt using materials recorded by HidalgoCAD
- Exterior features
- BalconyMotorized gateSidewalksSprinkler system
Interior
- Kitchen
- MicrowaveRefrigeratorElectric smooth top stove/range
- Bedrooms
- Master bedroom with walk-in closet
- Flooring
- Porcelain tile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)
- Interior features
- Entrance foyerQuartz countertopsCeiling fansMicrowaveDouble-pane windowsMini blinds
- Laundry & utility
- Laundry closet with washer/dryer connectionsWater heater located in laundry roomElectric water heaterTankless water heater
HOA detail $273/mo · $3,276/yr condo
- Likely covers
- security
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 6 events
-
2026-08-06days on market $115,000 Active 2 DOM
-
2026-08-05pricedays on market $115,000 Active 1 DOM
-
2026-06-01days on market $129,000 Active 128 DOM
-
2026-05-31days on market $129,000 Active 127 DOM
-
2026-05-31days on market $129,000 Active 126 DOM
-
2026-01-24$129,000 Active 894-char remark
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 3/10 Moderate 12% chance over 30 yrs
- Wildfire 2/10 Low
- Heat 9/10 Extreme 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
- Wind 8/10 Severe 96% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,886
- − Mortgage interest
- −$6,442
- − Property taxes
- −$1,725
- − Insurance
- −$575
- − Repairs & maintenance
- −$1,351
- − Management
- −$1,351
- − HOA
- −$3,276
- − Depreciation
- −$3,345
- Taxable loss
- −$1,179
- Est. tax savings @ 24.0%
- +$283
- After-tax cash flow
- $810/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 4 photos
This Spanish Mediterranean-style condo is in good condition with a modern kitchen and bathrooms. It offers a practical and welcoming place to live in a gated community. Minor updates could further enhance its value.
Value-add opportunities
- Both Painting the interior walls — Fresh paint can enhance the home's appeal and value. ↑
- Both Landscaping improvements — Enhanced curb appeal can attract more buyers and renters. ↑
- Both Upgrading light fixtures — Modern light fixtures can improve the home's aesthetic and energy efficiency. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Sharyland ISD
- NCES district ID
- 4839930
- Math proficiency
- 34% ▼ -35.00%
- Reading proficiency
- 44% ▼ -15.00%
- Median HH income
- $57,792
- Composite
- 34.38/100
- National rank
- #5214
- State rank
- #406 of 826 in TX
Livability — Mission
- Score
- 75/100
- State rank
- #148
- US rank
- #4155
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Mission, TX
- County
- Hidalgo County · 955,232 people
- City population
- 78,024
- Metro
- McAllen-Edinburg-Mission, TX
- Population (ZIP)
- 62,456
- Household income
- $52,393
- Rent vs Own
- Severe rent burden
- 3% of renters
Population outlook (Hidalgo County) Hauer SSP2
- Today (2025)
- 955,232 people
- By 2030
- 1,009,774 · +5.7%
- By 2040
- 1,120,332 · +17.3%
- By 2050
- 1,225,036 · +28.2%
- By 2075
- 1,439,189 · +50.7%
- By 2100
- 1,533,429 · +60.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Hispanic (97%)
- Race & ethnicity
- Hispanic / Latino 97% Two or more races 62% White 2%
- Hispanic origin (detail)
- Mexican 93%
- Foreign-born
- 33% · Canada
- Languages at home
- 12% English-only · Spanish 87%
Political lean MEDSL · Hidalgo
- 2024 margin
- Toss-up / Even · D 48.1% · R 51.0%
- 2008→2024 swing
- -41.6pp toward R · 2008: 38.7pp · 2024: -2.9pp
- All cycles
- 2024: R+2.9 2020: D+17.1 2016: D+40.5 2012: D+41.8 2008: D+38.7
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -44.13%
- Current HPI
- 230.3323
- Rent YoY
- —
- Metro
- McAllen-Edinburg-Mission, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
|
||
| Technology | 5 | $198B |
|
||
| Engineering / Construction | 4 | $72B |
|
||
| Energy Services | 3 | $60B |
|
||
| Utilities | 3 | $41B |
|
||
| Healthcare | 2 | $330B |
|
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Price history
-10.9% since first listed2 events — show timeline
- 2026-08-04 Listed $115,000 MCALLENMLS
- 2026-01-24 Listed $129,000 MCALLENMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…