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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% |
Rental property for sale in Converse at 2814 Praline Ferry, Converse, TX, 78109 offers $3,551/mo rent that, after a $1,456/mo payment, leaves $1,399/mo cash flow. Total monthly income is $3,551/mo, and annual cash flow is $16,791/yr on $98,621 cash. Return on cash invested measures 36.93% in year one, and rental yield stands at 14.32% at a $297,500 entry. Equity gained on principal adds $1,920/yr while 5% annual appreciation compounds into $82,194 by year five. Five-year ROI records 195.54% and total cumulative return in cash reaches $192,847. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,551/mo property income versus a $1,456/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
4,486 sqft lot
$N/A/sqft
$436 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 |
|---|---|---|
| 2024-07-24 | Price change | $297,500 |
| 2024-06-04 | Listed for sale | $300,000 |
| 2024-05-21 | Contingent | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | N/A | N/A | $369,350 | 276.93% |
| 2022-08-15 | N/A | N/A | $97,990 | 221.28% |
| 2021-08-15 | N/A | N/A | $30,500 | N/A |
Listed by: Collin Corrington • White Line Realty LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1773926
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.
