6867 Cape Meadow Dr, Converse, TX, 78109 | $377/mo Cash Flow

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6867 Cape Meadow Dr, Converse, TX, 78109 | $377/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Converse at 6867 Cape Meadow Dr, Converse, TX, 78109 offers a 10.66% rental yield on a $213,000 purchase with $1,892/mo rent. Total monthly income registers $1,892/mo, and a $1,043/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,522/yr on $70,610 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $1,374/yr while 5% annual appreciation supports $58,848 over five years. Portfolio math shows five-year ROI at 138.4% and total cumulative return in cash at $97,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,892/mo property income against a $1,043/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Functional 3-bedroom, 2.5-bath home is filled with potential and ready for its next owner to add personal touches and bring their own vision to life. With plenty of space for comfortable living, the open downstairs layout is perfect for relaxing or entertaining. Upstairs, the spacious master suite features a unique L-shaped walk-in closet, while two additional bedrooms offer flexibility for family, guests, or a home office. Outside features a fully fenced backyard complete with a 12x10 storage shed, giving you space for hobbies, storage, or weekend projects. Practical updates include a 3-year-old water heater and an 8-year-old roof. Plus, the solar panels help keep electric bills low-averaging less than $90 per month. Located just outside the city limits, you'll enjoy the benefit of no city taxes while still being conveniently close to Loop 1604, I-35, Randolph AFB, Fort Sam Houston, The Forum, San Antonio International Airport, and HEB. Don't miss this opportunity to invest in a home with solid features, energy savings, and the chance to customize it to your style!

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