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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% |
Investment property for sale in Converse at 2024 Palmer Place, Converse, TX, 78109 uses $92,754 cash to close to unlock $14,985/yr annual cash flow and $1,249/mo monthly cash flow. Total monthly income runs $3,263/mo, and a $1,369/mo payment keeps the spread at $1,249/mo. Purchase price stands at $279,800, and rental yield measures 13.99% with $3,263/mo rent. Return on cash invested shows 36.06% in year one, and 5% annual appreciation builds toward $77,304 over five years. Five-year ROI reaches 190.8% and total cumulative return in cash records $176,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,263/mo property income covering a $1,369/mo payment rather than investor’s personal income.
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2024-07-12 | Price change | $279,800 |
| 2024-06-24 | Pending sale | $279,825 |
| 2024-06-07 | Listing removed | $279,825 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Christopher Marti • Housifi
Mls Name: SABOR
Mls Provider:
Mls ID: #1777120
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.
