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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 9880 Red Iron Creek, Converse, TX, 78109 listed at $415,000 pairs $3,227/mo rent with a $2,031/mo payment to leave $258/mo cash flow. Total monthly income runs $3,227/mo, and annual cash flow reaches $3,092/yr on $137,573 cash to close. Return on cash invested measures 22.16% in year one, and rental yield registers 9.33% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 116.17% and total cumulative return in cash totals $159,813. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,227/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
8,973 sqft lot
$N/A/sqft
$221 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 |
|---|---|---|
| 2025-06-26 | Listed for sale | $415,000 |
| 2016-06-21 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | N/A | N/A | $413,156 | 10.00% |
| 2023-06-26 | N/A | N/A | $375,596 | 10.00% |
| 2022-06-26 | N/A | N/A | $341,451 | 10.00% |
Listed by: Rachelle Slater • Keller Williams Heritage
Mls Name: SABOR
Mls Provider:
Mls ID: #1878841
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.
