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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Converse at 10427 Midsummer Meadows, Converse, TX, 78109 offers $2,957/mo rent that, after a $1,224/mo payment, leaves $1,020/mo cash flow. Total monthly income is $2,957/mo, and annual cash flow is $12,239/yr on $82,875 cash. Return on cash invested measures 34.68% in year one, and rental yield stands at 14.19% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 184.06% and total cumulative return in cash reaches $152,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,957/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
5,532 sqft lot
$N/A/sqft
$360 annually HOA
Neighborhood data shown for ZIP Code: 78109, Converse, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,515 (100%) |
| Owner Occupied HU | 18,732 (73.4%) |
| Renter Occupied HU | 4,973 (19.5%) |
| Vacant Housing Units | 1,810 ( 7.1%) |
| Median Home Value | $287,942 |
| Average Home Value | $312,137 |
Residential
23,805
Single Family
21,742
Multi-Family
2,063
Businesses
804
Date | Event | Price |
|---|---|---|
| 2024-06-28 | Price change | $250,000 |
| 2024-05-31 | Price change | $270,000 |
| 2024-05-21 | Price change | $279,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $5696.71 | -5.82% | $262,500 | 2.24% |
| 2022-08-15 | $6048.69 | 25.81% | $256,740 | 26.99% |
| 2021-08-15 | $4807.76 | N/A | $202,180 | 2.83% |
Listed by: Stephen Collins • Open Exchange Brokerage LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1750652
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.
