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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 Drexel Plan, Knox Ridge, Converse, TX, 78109 offers $2,221/mo rent that, after a $1,302/mo payment, leaves $329/mo cash flow. Total monthly income is $2,221/mo, and annual cash flow is $3,952/yr on $88,179 cash. Return on cash invested measures 24.39% in year one, and rental yield stands at 10.02% at a $265,999 entry. Equity gained on principal adds $1,716/yr while 5% annual appreciation compounds into $73,491 by year five. Five-year ROI records 128.12% and total cumulative return in cash reaches $112,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,221/mo property income versus a $1,302/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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 |
|---|---|---|
| 2023-12-05 | Listing removed | N/A |
| 2023-09-16 | Price change | $265,999 |
| 2023-08-11 | Price change | $266,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A
