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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 816 MEADOW DALE, Converse, TX, 78109 generates $2,806/mo in rent and, after a $975/mo payment, leaves $1,389/mo in cash flow. Total monthly income is $2,806/mo, and annual cash flow is $16,673/yr on $66,035 invested. Return on cash invested sits at 45.16% in year one, and rental yield is 16.9% on a $199,200 entry. Equity gained on principal adds $1,285/yr, while 5% annual appreciation builds toward $55,035 over five years. Five-year ROI reaches 239.49% and total cumulative return in cash sums $158,145. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,806/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
4,399 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 | $199,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1745.49 | -30.63% | $165,201 | 10.00% |
| 2022-08-14 | $2516.30 | -9.93% | $150,183 | 10.00% |
| 2021-08-14 | $2793.68 | N/A | $136,530 | 9.70% |
Listed by: Kristy Bradfield Petlin • Kuper Sotheby's Int'l Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1798257
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.
