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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 8802 DREAM AVE, Converse, TX, 78109 priced at $245,000 converts $2,086/mo rent into $344/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,086/mo, and annual cash flow totals $4,127/yr on $81,218 invested. Return on cash invested prints 24.99% in year one, and rental yield reads 10.22% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 131.31% and total cumulative return in cash sums $106,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,086/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7,535 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 |
|---|---|---|
| 2025-01-30 | Listed for sale | $245,000 |
| 2018-06-08 | Sold | N/A |
| 2018-06-08 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $3345.41 | 11.88% | $212,015 | 10.00% |
| 2023-02-12 | $2990.23 | -15.14% | $192,741 | 10.00% |
| 2022-02-12 | $3523.82 | -5.82% | $175,219 | 10.00% |
Listed by: Kevin Rogers • 43 Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1838371
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.
