8507 CHEYENNE BLFConverseTX78109
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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
Investment Highlights
Rental property for sale in Converse at 8507 CHEYENNE BLF, Converse, TX, 78109 offers $1,915/mo rent that, after a $1,223/mo payment, leaves $72/mo cash flow. Total monthly income is $1,915/mo, and annual cash flow is $861/yr on $82,842 cash. Return on cash invested measures 20.95% in year one, and rental yield stands at 9.2% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 109.98% and total cumulative return in cash reaches $91,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,915/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,054 sqft lot
$N/A/sqft
$96 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,805
Single Family
21,742
Multi-Family
2,063
Businesses
804
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Listed by: Betty Coleman • CLRE LLC Canyon Land Real Estate and Property Mana
Mls Name: SABOR
Mls Provider:
Mls ID: #1860177
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.