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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 3146 Gilbert Garden, Converse, TX, 78109 with 5% annual appreciation on a $280,000 basis while $2,393/mo rent supports operations. Total monthly income totals $2,393/mo and a $1,370/mo payment preserves $315/mo for cash returns. Annual cash flow comes to $3,779/yr on $92,820 deployed, and return on cash invested reaches 23.98% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 10.26%. Five-year ROI measures 126.28% and total cumulative return in cash totals $117,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,393/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
4,530 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 |
|---|---|---|
| 2024-12-26 | Listed for sale | $280,000 |
| 2020-09-09 | Listing removed | $242,900 |
| 2020-07-09 | Pending sale | $242,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $5262.23 | -2.63% | $330,000 | N/A |
| 2023-02-12 | $5404.38 | -29.76% | $330,000 | 1.04% |
| 2022-02-12 | $7694.31 | N/A | $326,590 | 19.35% |
Listed by: Tyler Moore • Keller Williams City-View
Mls Name: SABOR
Mls Provider:
Mls ID: #1830998
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.
