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$225,000

2225 Mimosa Dr Apt 2, Houston, TX, 77019

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths720 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$312.5 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1961
Stories2

Land Information

APN0571630020001
SubdivisionVermont Place T/H
Land UseResidential
Legal DescriptionTH B1 BLDG B VERMONT PLACE T/H
Census Tract411100
Assessed Land Value$90,000
Assessed Improvement Value$109,783
Assessment Year2025

About this property

Don't miss this treasure in River Oaks! Step into this charming two story, one bedroom, one bath condo with many upgrades. A quiet complex consisting of only 6 units. This unit offers tile flooring downstairs and hardwood floors upstairs, and an updated kitchen. All appliances go with the condo, including a built-in microwave. A beautiful, private patio awaits you through the French doors in the living area. The upstairs bedroom features a lovely private balcony. Pluses include: Elfa closets, under cabinet lighting, deep stainless steel double sink, beautiful silk & linen curtains can remain, A/C replaced 3 years ago, inside air handler replaced 2026, new electrical panel 2025, condo has washer/dryer connections inside, and complex has laundry room for owners only.

Investor Tools

$63,580Estimated Mortgage Balance
$175,903Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

Interested in this property?

AIM Realty, INC -Rental

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$199,783
2025
$90,000
$109,783
$199,783
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$199,783

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Stand Alone First / Home Equity First Lien
$78,000
No
First
Jun 19, 2017
Jul 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,580
$354,420
84%
27%
$468/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$468/mo
+$2,112/mo
13.0%

City: Houston

2225 Mimosa Dr Apt 2 | Property Details | No Agent List