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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 2331 SALMON CRK, Converse, TX, 78109 uses $122,324 cash to close to unlock $445/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $2,711/mo, and a $1,806/mo payment keeps the spread at $37/mo. Purchase price stands at $369,000, and rental yield measures 8.82% with $2,711/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 106.22% and total cumulative return in cash records $129,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,711/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 2017
7,405 sqft lot
$N/A/sqft
$90 quarterly 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 |
|---|---|---|
| 2025-06-11 | Listed for sale | $369,000 |
| 2021-08-14 | Listing removed | N/A |
| 2021-06-24 | Pending sale | $298,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-11 | $6363.67 | -3.71% | $338,180 | -3.71% |
| 2023-06-11 | $6608.80 | 6.52% | $351,210 | 17.07% |
| 2022-06-11 | $6204.37 | 26.13% | $300,000 | 20.48% |
What's Special
Access Only,Pull Down Stairs
Listed by: Malinda Hernandez • Central Metro Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1874565
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.
