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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 The Drake Plan, Millican Grove, Converse, TX, 78109 uses $99,447 cash to close to unlock $4,476/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $2,506/mo, and a $1,468/mo payment keeps the spread at $373/mo. Purchase price stands at $299,990, and rental yield measures 10.02% with $2,506/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 128.23% and total cumulative return in cash records $127,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,506/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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 |
|---|---|---|
| 2023-12-21 | Listed for sale | $299,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kenneth Burroughs • Legend Homes
Mls Name: Legend Homes Texas
Mls Provider:
Mls ID: #N/A
