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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 5515 Devils Gate, Converse, TX, 78109 offers $2,506/mo rent that, after a $2,447/mo payment. Total monthly income is $2,506/mo. Return on cash invested measures 11.95% in year one, and rental yield stands at 6.01% at a $499,990 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,138 by year five. Five-year ROI records 61.5% and total cumulative return in cash reaches $101,933. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,506/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
N/A lot
$N/A/sqft
$600 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 |
|---|---|---|
| 2024-08-06 | Price change | $499,990 |
| 2024-07-25 | Listed for sale | $519,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $474,170 | 951.37% |
| 2023-12-27 | N/A | N/A | $45,100 | N/A |
What's Special
12"+ Attic Insulation
Listed by: Teresa Zepeda • Keller Williams Heritage
Mls Name: SABOR
Mls Provider:
Mls ID: #1795754
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.
