3834 Glenloch WayConverseTX78109
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3834 Glenloch Way, Converse, TX, 78109 in Converse carries a 1.53 coverage ratio, rent of $2,310/mo is 1.53 times the $1,506/mo payment. Rental yield 8.27%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $335,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $92,554; total projected cumulative return: $118,201.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.2% |
| Monthly Cash Flow | $(164) | $1,200 |
City averages based on Converse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,310 |
| Total Monthly Debt Service | $2,341 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2021
8,232 sqft lot
$N/A/sqft
$256 annually 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
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 2021
8,232 sqft lot
$N/A/sqft
$256 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua De Los Santos • Exquisite Properties, LLC
Mls Name: LERA MLS
Mls Provider:
Mls ID: #1940995
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.