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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 8307 CHERRY GLADE, Converse, TX, 78109 priced at $339,995 pairs $3,994/mo rent with $1,555/mo cash flow after a $1,664/mo payment. Total monthly income equals $3,994/mo, and annual cash flow comes to $18,662/yr on $112,708 invested. Return on cash invested is 36.47% in year one, and rental yield stands at 14.1% on a $339,995 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,934 by year five. Five-year ROI measures 192.95% and total cumulative return in cash reaches $217,469. For financing, Ziffy Mortgage’s DSCR program evaluates $3,994/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
10,672 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 |
|---|---|---|
| 2024-08-28 | Price change | $2,175 |
| 2024-08-28 | Price change | $339,995 |
| 2024-08-16 | Listed for sale | $339,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $5667.24 | -14.17% | $316,780 | 3.53% |
| 2022-08-30 | $6602.65 | 10.30% | $305,990 | 19.27% |
| 2021-08-30 | $5986.22 | N/A | $256,550 | 8.09% |
Listed by: Kristopher Hochart • Red Wagon Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1785207
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.
