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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 404 Bridgit Dr, Converse, TX, 78109 priced at $180,000 converts $2,027/mo rent into $747/mo cash flow after a $881/mo obligation. Total monthly income equals $2,027/mo, and annual cash flow totals $8,964/yr on $59,670 invested. Return on cash invested prints 34.93% in year one, and rental yield reads 13.51% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 184.58% and total cumulative return in cash sums $110,141. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,027/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,298 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-08-02 | Listed for sale | $180,000 |
| 2020-09-18 | Sold | N/A |
| 2020-08-19 | Pending sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $2022.35 | -21.18% | $146,180 | 10.00% |
| 2022-08-14 | $2565.91 | -1.37% | $132,891 | 10.00% |
| 2021-08-14 | $2601.67 | N/A | $120,810 | 17.12% |
Listed by: Anya Franco • Great Western Realty
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #552730
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.
