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2705 Mimosa Dr #7
C Composite 56.15
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

2705 Mimosa Dr #7 · Mission, TX 78574
2 bd · 2.0 ba · 1,223 sqft · Condo · 2 Days on market
Built 2013 Good condition $94/sqft · 19% below area Est $141k · 19% under $273/mo HOA · 19% of rent ↓ 11% since listing

🖨 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

GATED COMMUNITYTILE FLOORINGMODERN KITCHENQUARTZ COUNTERTOPSSTAINLESS STEEL APPLIANCESCEILING FANS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

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.
Recommended offer $115,000

Questions for the listing agent

  1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  2. 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?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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.
  5. 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.
  6. 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

5-year hold
IRR
-13.5%
Equity multiple
0.51×
Total profit
$-15,649
Equity at exit
$17,147
10-year hold
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
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

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
Vacancy / Maint / Mgmt
$296
Net cashflow
$44

Break-even live

Break-even rent $1,352
Max offer price $115,000
Occupancy floor 92%

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
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

AddressBedsBaths SqftRent$/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

  1. 2026-08-06
    days on market $115,000 Active 2 DOM
  2. 2026-08-05
    pricedays on marketlisting id $115,000 Active 1 DOM
  3. 2026-06-01
    days on market $129,000 Active 128 DOM
  4. 2026-05-31
    days on market $129,000 Active 127 DOM
  5. 2026-05-31
    days on market $129,000 Active 126 DOM
  6. 2026-01-24
    listed $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
combined federal + state — saved on this device
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

Good 75/100 Cosmetic rehab Est. rehab $6,115–$18,345 screening

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.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Donna Wernecke El F TX #2,668/4,322 Nat'l #27,846/41,679 Middle Sharyland North J H D TX #512/1,662 Nat'l #4,963/14,009 High Sharyland Pioneer H S F TX #774/1,632 Nat'l #7,961/17,239

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
B Composite livability gradescore 75/100

Livability — Mission

Score
75/100
State rank
#148
US rank
#4155

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment D- Housing A+ Health & safety A+ User ratings B-

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
20.0% rent · 80.0% 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

Price history

-10.9% since first listed
2 events — show timeline
  • 2026-08-04 Listed $115,000 MCALLENMLS
  • 2026-01-24 Listed $129,000 MCALLENMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…