2311 Salmon CrkConverseTX78109
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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 2311 Salmon Crk, Converse, TX, 78109 uses $87,848 cash to close to unlock $2,731/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $2,112/mo, and a $1,297/mo payment keeps the spread at $228/mo. Purchase price stands at $265,000, and rental yield measures 9.56% with $2,112/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 120.74% and total cumulative return in cash records $106,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 2008
5,519 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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