142 MeadowConverseTX78109
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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
Rental property for sale in Converse at 142 Meadow, Converse, TX, 78109 priced at $199,900 converts $1,849/mo rent into $428/mo cash flow after a $978/mo obligation. Total monthly income equals $1,849/mo, and annual cash flow totals $5,135/yr on $66,267 invested. Return on cash invested prints 27.66% in year one, and rental yield reads 11.1% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 145.61% and total cumulative return in cash sums $96,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,849/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1977
7,143 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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Listed by: Matt Roesler • RE/MAX Associates
Mls Name: SABOR
Mls Provider:
Mls ID: #1877373
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.