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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 9918 SPRUCE RIDGE DR, Converse, TX, 78109 with 5% annual appreciation on a $255,000 basis while $2,874/mo rent supports operations. Total monthly income totals $2,874/mo and a $1,248/mo payment preserves $1,031/mo for cash returns. Annual cash flow comes to $12,375/yr on $84,533 deployed, and return on cash invested reaches 34.55% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 13.52%. Five-year ROI measures 182.75% and total cumulative return in cash totals $154,484.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,874/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1983
8,145 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 |
|---|---|---|
| 2024-07-10 | Listed for sale | $255,000 |
| 2024-07-04 | Listing removed | N/A |
| 2024-05-02 | Price change | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $4587.35 | 2.64% | $243,570 | 12.80% |
| 2022-08-15 | $4469.38 | 35.66% | $215,930 | 26.19% |
| 2021-08-15 | $3294.63 | N/A | $171,110 | 10.54% |
Listed by: Daniel Torres • Legendary Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1791799
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.
