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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 11147 Schmidt Ln, Converse, TX, 78109 priced at $245,900 converts $1,976/mo rent into $227/mo cash flow after a $1,204/mo obligation. Total monthly income equals $1,976/mo, and annual cash flow totals $2,723/yr on $81,516 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 9.64% against a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,938 by year five. Five-year ROI reaches 121.97% and total cumulative return in cash sums $99,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,976/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-27 | Pending sale | $239,990 |
| 2025-03-06 | Price change | $239,990 |
| 2025-01-18 | Price change | $249,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $1248.29 | 169.70% | $71,740 | 173.82% |
| 2023-06-26 | $462.84 | N/A | $26,200 | N/A |
Listed by: N/A • N/A
Mls Name: Castlerock Communities
Mls ID: #N/A
