11918 Spiderwort RidgeConverseTX78109
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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 11918 Spiderwort Ridge, Converse, TX, 78109 uses $62,322 cash to close to unlock $1,203/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,437/mo, and a $920/mo payment keeps the spread at $100/mo. Purchase price stands at $187,999, and rental yield measures 9.17% with $1,437/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 114.45% and total cumulative return in cash records $71,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,437/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No 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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