Eddleman Plan · Converse, TX 78109

$215,990

3 bd · 2.0 ba · 1,248 sqft · SingleFamily · 428 Days on market

Excellent condition ↓ 6% since listing

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +6.1/30.0
• Condition / age +4.8/5.0
• Livability +3.3/5.0
• Rent growth +2.2/5.0
• Schools +2.1/10.0
• 1% rule +1.4/10.0
• DSCR +0.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience comfort and functionality in the Eddleman, a single-story home featuring 3 bedrooms and 2 bathrooms. Enjoy a spacious gathering room that flows into a cozy café and modern kitchen. The owner's suite offers a relaxing retreat with a private bath and walk-in closet, while two additional bedrooms provide space for family or guests. A welcoming front porch completes this charming layout.

Key facts

• Gathering room
• Private bath
• Walk-in closet

Tags

• GATHERING ROOM
• MODERN KITCHEN
• OWNER'S SUITE
• PRIVATE BATH
• WALK-IN CLOSET
• FRONT PORCH

🏗️ New construction. The $215,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $265,585.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $216k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-498 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (10.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (21.6% below list).
• Recommended offer: $169k (21.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#649 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime C-, amenities F, commute F.
• East Central ISD (rural): math 16% / reading 25% proficiency, ranked #758 of 826 in TX (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: East Central Heritage Middle (math 11% / reading 26%, grade F, #1,478 of 1,662 statewide, top 90%, 1,120 students, 44% FRL); East Central H S (math 21% / reading 28%, grade F, #1,264 of 1,632 statewide, top 82%, 3,252 students, 52% FRL).
• Market conditions: Rents soft (-1.1%/yr); 1754 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 80d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 428 days — a 12% lower offer ($190k) is reasonable based on typical stale-listing flexibility.

Recommended offer $169,326 (21.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 428 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.64% ✗
• Cap rate: 4.04%
• Cash-on-cash: -8.03%
• DSCR: 0.64
• GRM: 13.1

CMA / ARV

• ARV (median comp): $265,585
• List price: $215,990
• Delta: -18.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1242 Punta Mita St	0.16mi	3/2.0	1,276 (+2%)	3mo	$225,780	$177	86
10605 Denali Preserve	0.28mi	3/2.0	1,280 (+3%)	2mo	$232,500	$182	81
1351 Vallarta Centro	0.14mi	3/2.0	1,330 (+7%)	2mo	$219,770	$165	80
1319 Vallarta Centro	0.15mi	4/2.0 (+1)	1,334 (+7%)	2mo	$199,850	$150	74
1113 King Eider	0.40mi	3/2.0	1,200 (-4%)	3mo	$259,990	$217	72
2214 Collins Aly	0.60mi	3/2.0	1,266 (+1%)	2mo	$198,500	$157	68
9939 Mather Way	0.70mi	3/2.0	1,266 (+1%)	3mo	$195,999	$155	63
10011 Monte Carmel Pl	0.28mi	3/2.0	1,424 (+14%)	2mo	$244,760	$172	62
1117 King Eider	0.40mi	3/2.0	1,412 (+13%)	2mo	$283,990	$201	58
10519 Placeaya Lk	0.50mi	3/2.0	1,412 (+13%)	2mo	$279,990	$198	53
10624 Tufted Ct	0.61mi	2/2.0 (-1)	1,106 (-11%)	2mo	$229,990	$208	46
9735 Abrams Vw	0.67mi	3/2.0	1,402 (+12%)	3mo	$215,999	$154	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -33.7%
• Equity multiple: -0.07×
• Total profit: $-79,673
• Equity at exit: $39,600

10-year hold

• IRR: -64.3%
• Equity multiple: -0.74×
• Total profit: $-129,271
• Equity at exit: $22,963

Cash invested: $74,364 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 60 active · 37 under contract
• Months of supply: 10.3 mo (10%/mo absorbed)
• Median asking: $253,050 ($187/sqft)
• Median days on market: 335 d
• This list price: 7% of active listings are priced below it
• ARV vs active asking: +13.9% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78109

• Home prices YoY: -17.8%
• Rents YoY: -1.1%
• Active inventory: 1754
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,693 high
• Mortgage (P&I): −$1,393
• Tax est. 1.5%: −$332 /mo · $3,984/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $-498

Break-even live

Break-even rent $2,323

Max offer price $193,564

Occupancy floor —

Sensitivity live

Price	-10% $-314	-5% $-406	+0% $-498	+5% $-589	+10% $-681
Rent	-10% $-631	-5% $-565	+0% $-498	+5% $-431	+10% $-364
Rate	-1.0pp $-364	-0.5pp $-430	base $-498	+0.5pp $-567	+1.0pp $-637

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,396
• Closing costs: $7,968
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10313 Lassen Park Adkins, TX	3.0	2.5	1470	$1,850	$1.26	88d	1	0.21mi
1117 King Eider Adkins, TX	3.0	2.0	1412	$1,695	$1.20	42d	1	0.40mi
2016 Palmer Pl Converse, TX	4.0	2.0	1459	$1,595	$1.09	139d	1	0.49mi
2187 Schuwirth Rd Converse, TX	2.0–4.0	2.0	1085	$1,566	$1.44	0d	1	0.50mi
2025 Palmer Pl Converse, TX	3.0	2.0	1340	$1,495	$1.12	119d	1	0.51mi
870 Converse Business Ln Converse, TX	3.0	2.0	1410	$1,750	$1.24	23d	1	0.53mi
10036 Mather Way Converse, TX	3.0	2.0	1266	$1,445	$1.14	10d	1	0.62mi
2811 Gustavo Dr Converse, TX	3.0	2.0	1450	$1,750	$1.21	139d	1	1.12mi
2822 Millikan Dr Converse, TX	3.0	2.0	1440	$1,650	$1.15	119d	1	1.12mi
2822 Millikan Dr Converse, TX	3.0	2.0	1450	$1,400	$0.97	40d	1	1.12mi
2819 Gustavo Dr Converse, TX	3.0	2.0	1450	$1,500	$1.03	139d	1	1.14mi
2843 Elion Dr Converse, TX	3.0	2.0	1276	$1,425	$1.12	63d	1	1.14mi
2815 Armaan WAY Converse, TX	3.0	2.5	1401	$1,495	$1.07	55d	1	1.16mi
11030 Yonder Flts Converse, TX	3.0	2.5	1428	$1,500	$1.05	100d	1	1.24mi
10606 Varmus Dr Converse, TX	3.0	2.0	1440	$1,476	$1.02	88d	1	1.25mi
10407 McClintock Dr Converse, TX	3.0	2.0	1266	$1,641	$1.30	4d	1	1.26mi
10538 Varmus Dr Converse, TX	3.0	2.0	1440	$1,550	$1.08	80d	1	1.26mi
10547 Varmus Dr Converse, TX	3.0	2.0	1440	$1,550	$1.08	79d	1	1.29mi
10547 Varmus Dr Converse, TX	3.0	2.0	1440	$1,395	$0.97	43d	1	1.29mi
2818 Praline Fry Converse, TX	3.0	2.5	1428	$1,500	$1.05	84d	1	1.30mi
3306 Carducci Dr Converse, TX	3.0	2.0	1450	$1,425	$0.98	23d	1	1.30mi
3318 Carducci Dr Converse, TX	3.0	2.0	1276	$1,800	$1.41	139d	1	1.32mi
10707 Giacconi Dr Converse, TX	3.0	2.0	1266	$1,686	$1.33	139d	1	1.36mi
10754 Prusiner Dr Converse, TX	3.0	2.0	1266	$1,450	$1.15	119d	1	1.37mi
10803 Prusiner Dr Converse, TX	3.0	2.0	1450	$1,410	$0.97	119d	1	1.38mi
10803 Prusiner Dr Converse, TX	3.0	2.0	1440	$1,476	$1.02	117d	1	1.38mi
2927 Citron Gdn Converse, TX	3.0	2.5	1428	$1,565	$1.10	6d	1	1.38mi
2927 Citron Gdn Converse, TX	3.0	2.5	1428	$1,565	$1.10	7d	1	1.38mi
10783 Prusiner Dr Converse, TX	3.0	2.0	1266	$1,421	$1.12	28d	1	1.39mi
10783 Prusiner Dr Converse, TX	3.0	2.0	1266	$1,280	$1.01	23d	1	1.39mi
10755 Prusiner Dr Converse, TX	3.0	2.0	1266	$1,536	$1.21	117d	1	1.39mi
4611 E 1604 N Converse, TX	1.0–4.0	1.0–2.0	990	$1,262	$1.27	0d	1	1.40mi
10719 Prusiner Dr Converse, TX	3.0	2.0	1016	$1,346	$1.32	43d	1	1.41mi
10534 Borlaug St Converse, TX	3.0	2.0	1220	$1,500	$1.23	43d	1	1.44mi

Listing history 50 events

1. 2026-09-23
   days on market $215,990 Active 428 DOM
2. 2026-09-22
   days on market $215,990 Active 427 DOM
3. 2026-09-21
   days on market $215,990 Active 426 DOM
4. 2026-09-20
   days on market $215,990 Active 425 DOM
5. 2026-09-19
   days on market $215,990 Active 424 DOM
6. 2026-09-18
   days on market $215,990 Active 423 DOM
7. 2026-09-17
   days on market $215,990 Active 422 DOM
8. 2026-09-16
   days on market $215,990 Active 421 DOM
9. 2026-09-15
   days on market $215,990 Active 420 DOM
10. 2026-09-14
    days on market $215,990 Active 419 DOM
11. 2026-09-13
    days on market $215,990 Active 418 DOM
12. 2026-09-12
    days on market $215,990 Active 417 DOM
13. 2026-09-11
    days on market $215,990 Active 416 DOM
14. 2026-09-05
    days on market $215,990 Active 410 DOM
15. 2026-09-04
    days on market $215,990 Active 409 DOM
16. 2026-09-03
    days on market $215,990 Active 408 DOM
17. 2026-08-30
    days on market $215,990 Active 404 DOM
18. 2026-08-29
    days on market $215,990 Active 403 DOM
19. 2026-08-28
    days on market $215,990 Active 402 DOM
20. 2026-08-27
    days on market $215,990 Active 401 DOM
21. 2026-08-26
    days on market $215,990 Active 400 DOM
22. 2026-08-25
    days on market $215,990 Active 399 DOM
23. 2026-08-24
    days on market $215,990 Active 398 DOM
24. 2026-08-23
    days on market $215,990 Active 397 DOM
25. 2026-08-22
    days on market $215,990 Active 396 DOM
26. 2026-08-21
    days on market $215,990 Active 395 DOM
27. 2026-08-20
    days on market $215,990 Active 394 DOM
28. 2026-08-19
    days on market $215,990 Active 393 DOM
29. 2026-08-18
    days on market $215,990 Active 392 DOM
30. 2026-08-17
    days on market $215,990 Active 391 DOM
31. 2026-08-16
    days on market $215,990 Active 390 DOM
32. 2026-08-15
    days on market $215,990 Active 389 DOM
33. 2026-08-14
    days on market $215,990 Active 388 DOM
34. 2026-08-13
    days on market $215,990 Active 387 DOM
35. 2026-08-12
    days on market $215,990 Active 386 DOM
36. 2026-08-11
    days on market $215,990 Active 385 DOM
37. 2026-08-10
    days on market $215,990 Active 384 DOM
38. 2026-08-09
    days on market $215,990 Active 383 DOM
39. 2026-08-08
    days on market $215,990 Active 382 DOM
40. 2026-08-06
    days on market $215,990 Active 380 DOM
41. 2026-08-05
    days on market $215,990 Active 379 DOM
42. 2026-08-04
    days on market $215,990 Active 378 DOM
43. 2026-08-03
    days on market $215,990 Active 377 DOM
44. 2026-07-31
    days on market $215,990 Active 374 DOM
45. 2026-07-30
    days on market $215,990 Active 372 DOM
46. 2026-07-28
    days on market $215,990 Active 371 DOM
47. 2026-07-26
    days on market $215,990 Active 369 DOM
48. 2026-07-24
    days on market $215,990 Active 367 DOM
49. 2026-07-23
    days on market $215,990 Active 366 DOM
50. 2026-07-22
    days on market $215,990 Active 365 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,319
• − Mortgage interest: −$14,877
• − Property taxes: −$3,984
• − Insurance: −$1,328
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − Depreciation: −$7,726
• Taxable loss: −$10,847
• Est. tax savings @ 24.0%: +$2,603
• After-tax cash flow: $-3,370/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Excellent 95/100 None rehab

This single-story home in San Antonio, TX, is in excellent condition with no visible repairs needed. It offers a good investment opportunity with potential for both resale and rental value through minor updates.

Value-add opportunities

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Updating the landscaping — Improves curb appeal and adds value to the property. ↑
• Resale Upgrading the kitchen appliances — Modernizes the kitchen and appeals to potential buyers. ↑
• Rental Installing smart home features — Attracts renters looking for modern amenities. ↑

F Composite school gradezoned avg 22/100

Zoned Schools

Middle East Central Heritage Middle F TX #1,478/1,662 Nat'l #12,017/14,009 High East Central H S F TX #1,264/1,632 Nat'l #12,478/17,239

Schools (NCES district)

• District: East Central ISD
• NCES district ID: 4817850
• Math proficiency: 16% ▼ -12.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $53,941
• Composite: 18.67/100
• National rank: #8887
• State rank: #758 of 826 in TX

C Composite livability gradescore 66/100

Livability — Converse

• Score: 66/100
• State rank: #649
• US rank: #12250

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment B Housing A+ Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bexar County · 2,336,851 people
• City population: 63,067
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 63,067
• Household income: $91,320
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 16% of renters

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Population outlook (Bexar County) Hauer SSP2

• Today (2025): 2,336,851 people
• By 2030: 2,560,728 · +9.6%
• By 2040: 3,020,569 · +29.3%
• By 2050: 3,493,522 · +49.5%
• By 2075: 4,668,459 · +99.8%
• By 2100: 5,533,242 · +136.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 44% White 27% Two or more races 21% Black 21% Asian 3%
• Hispanic origin (detail): Mexican 29% Puerto Rican 4%
• Common ancestry: Lithuanian 1% Romanian 1% Italian 1%
• Foreign-born: 11% · Canada, Vietnam, South Korea
• Languages at home: 71% English-only · Spanish 23% Tagalog/Filipino 1% Other Asian/Pacific 1%

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Political lean MEDSL · Bexar

• 2024 margin: Lean D (+9.8) · D 54.3% · R 44.6% · Other 1.1%
• 2008→2024 swing: +4.2pp toward D · 2008: 5.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+18.2 2016: D+13.5 2012: D+4.6 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.02%
• Current HPI: 236.4923
• Rent YoY: ▼ -1.08%
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-6.5% since first listed

2 events — show timeline

• 2026-03-28 Price Changed $215,990 Zillow
• 2025-07-23 Listed $230,990 Zillow