11106 Schmidt LaneConverseTX78109
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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
Investment Highlights
Investment property for sale in Converse at 11106 Schmidt Lane, Converse, TX, 78109 listed at $246,220 pairs $2,027/mo rent with a $1,205/mo payment to leave $243/mo cash flow. Total monthly income runs $2,027/mo, and annual cash flow reaches $2,915/yr on $81,622 cash to close. Return on cash invested measures 23.48% in year one, and rental yield registers 9.88% at a $246,220 basis. Equity gained on principal adds $1,589/yr, and annual property appreciation at 5% supports $68,026 by year five. Five-year ROI tracks 123.36% and total cumulative return in cash totals $100,691. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,027/mo property income relative to a $1,205/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
4,207 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78109, Converse, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,805
Single Family
21,742
Multi-Family
2,063
Businesses
804
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Listed by: Ashley Yoder • Castlerock Realty, LLC
Mls Name: LERA MLS
Mls Provider:
Mls ID: #1890713
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.