9919 Fortune Ridge DrConverseTX78109
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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 9919 Fortune Ridge Dr, Converse, TX, 78109 priced at $268,710 pairs $2,060/mo rent with $149/mo cash flow after a $1,315/mo payment. Total monthly income equals $2,060/mo, and annual cash flow comes to $1,792/yr on $89,077 invested. Return on cash invested is 21.92% in year one, and rental yield stands at 9.2% on a $268,710 basis. Equity gained on principal adds $1,734/yr, and 5% annual appreciation accumulates to $74,240 by year five. Five-year ROI measures 114.88% and total cumulative return in cash reaches $102,328. For financing, Ziffy Mortgage’s DSCR program evaluates $2,060/mo property income against a $1,315/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No 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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