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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% |
Investment property for sale in Converse at 8611 KEY NORTH WAY, Converse, TX, 78109 offers a 13.89% rental yield on a $265,000 purchase with $3,067/mo rent. Total monthly income registers $3,067/mo, and a $1,297/mo payment leaves $1,180/mo available for distribution. Annual cash flow reaches $14,165/yr on $87,848 to close, and return on cash invested stands at 36.03% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 190.53% and total cumulative return in cash at $167,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,067/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
4,573 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 | $265,000 |
| 2024-07-18 | Contingent | $265,000 |
| 2024-07-05 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $4425.28 | -2.28% | $255,430 | 8.21% |
| 2022-08-15 | $4528.57 | N/A | $236,040 | 21.09% |
| 2021-08-15 | N/A | N/A | $194,930 | 541.22% |
Listed by: Bryan Treat • Orchard Brokerage
Mls Name: SABOR
Mls Provider:
Mls ID: #1790547
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.
