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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 8223 CHERRY GLADE, Converse, TX, 78109 priced at $249,999 pairs $2,851/mo rent with $982/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,851/mo, and annual cash flow comes to $11,781/yr on $82,875 invested. Return on cash invested is 34.12% in year one, and rental yield stands at 13.68% on a $249,999 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 180.78% and total cumulative return in cash reaches $149,818. For financing, Ziffy Mortgage’s DSCR program evaluates $2,851/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
5,924 sqft lot
$N/A/sqft
$230 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 |
|---|---|---|
| 2024-07-27 | Price change | $249,999 |
| 2024-07-14 | Listed for sale | $259,000 |
| 2024-05-22 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $5011.72 | -4.44% | $227,870 | 3.63% |
| 2022-08-14 | $5244.44 | 40.15% | $219,880 | 37.75% |
| 2021-08-14 | $3741.95 | N/A | $159,620 | 7.59% |
Listed by: Joshua Parish • LoKation Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1792780
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.
