Collier Plan, Knox RidgeConverseTX78109
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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 Collier Plan, Knox Ridge, Converse, TX, 78109 generates $3,091/mo in rent and, after a $1,243/mo payment, leaves $1,285/mo in cash flow. Total monthly income is $3,091/mo, and annual cash flow is $15,420/yr on $84,201 invested. Return on cash invested sits at 38.22% in year one, and rental yield is 14.6% on a $253,999 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation builds toward $70,175 over five years. Five-year ROI reaches 202.24% and total cumulative return in cash sums $170,285. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,091/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
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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