305 W Converse StWeimarTX78962
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $169,000, 305 W Converse St, Weimar, TX, 78962 in Weimar generates $1,344/mo in rent (9.54% yield) but nets only $142/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.77) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $46,692. Total projected return: $73,939.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $142 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,344 |
| Total Monthly Debt Service | $1,135 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78962, Weimar, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,629 (65.3%) |
| Renter Occupied HU | 325 (13.0%) |
| Vacant Housing Units | 542 (21.7%) |
| Median Home Value | $298,242 |
| Average Home Value | $479,954 |
Housing Distribution
Address Breakdown
Residential
2,104
Single Family
2,062
Multi-Family
42
Businesses
229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1948
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78962, Weimar, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,629 (65.3%) |
| Renter Occupied HU | 325 (13.0%) |
| Vacant Housing Units | 542 (21.7%) |
| Median Home Value | $298,242 |
| Average Home Value | $479,954 |
Housing Distribution
Address Breakdown
Residential
2,104
Single Family
2,062
Multi-Family
42
Businesses
229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices