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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 7234 ECHO RIDGE DR, Converse, TX, 78109 priced at $293,000 converts $2,182/mo rent into $99/mo cash flow after a $1,434/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $1,182/yr on $97,130 invested. Return on cash invested prints 21.13% in year one, and rental yield reads 8.94% against a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation compiles into $80,951 by year five. Five-year ROI reaches 110.58% and total cumulative return in cash sums $107,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $1,434/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.28 Acres 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 |
|---|---|---|
| 2025-01-30 | Price change | $293,000 |
| 2025-01-15 | Listed for sale | $298,000 |
| 2024-10-16 | Listing removed | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $265,646 | 10.00% |
| 2023-02-12 | N/A | N/A | $241,496 | 10.00% |
| 2022-02-12 | N/A | N/A | $219,542 | 10.00% |
Listed by: Basil Franz • Buy Sell Rent Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1834854
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.
