CashFlowRE
Sign in Sign up
11543 Field Briar
C Composite 55.92
Why this score? — see what drove the C 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).

  • Cash flow +21.8/30.0
  • ARV discount +10.9/15.0
  • DSCR +7.0/10.0
  • 1% rule +4.6/10.0
  • Condition / age +4.0/5.0
  • Livability +3.3/5.0
  • Rent growth +2.2/5.0
  • Schools +2.1/10.0
  • Appreciation +0.0/10.0

$180,000

11543 Field Briar · Converse, TX 78109
3 bd · 2.0 ba · 1,380 sqft · SingleFamily · 129 Days on market
Built 2024 Good condition 4,199 sqft lot $130/sqft · 7% below area Est $195k · 7% under $21/mo HOA · 1% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Immaculately maintained 3-bedroom, 2-bath home in Converse, conveniently located near Randolph Air Force Base. This home offers an open floor plan with a seamless flow between living, dining, and kitchen spaces ideal for everyday living and entertaining. The kitchen features gas cooking, stainless steel appliances, and ample prep space. Laminate flooring runs throughout the main living areas, adding both style and durability. Interior utility room provides added convenience. A well-kept property in a great location with easy access to shopping, dining, and major highways.

Key facts

  • Open floor plan
  • Laminate flooring
  • Gas cooking

Tags

OPEN FLOOR PLANGAS COOKINGSTAINLESS STEEL APPLIANCESLAMINATE FLOORINGINTERIOR UTILITY ROOMGREAT LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $180k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $280 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (4.1% below list).
  • Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.2% vs local median 4.4% in Converse — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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); 1440 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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 $1k of loan paydown is wiped out by about $5k 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 129 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

  1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  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. 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.
  6. 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.
  7. 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
0.96%
Cap rate
8.16%
Cash-on-cash
6.67%
DSCR
1.30
GRM
8.7

CMA / ARV

ARV (median comp)
$194,590
List price
$180,000
Delta
-7.50%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
11553 Cinnamon Rose 0.11mi 3/2.0 1,380 (0%) 2mo $164,999 $120 93
2126 French Rose 0.15mi 3/2.0 1,380 (0%) 0mo $186,749 $135 93
2118 French Rose 0.17mi 3/2.0 1,380 (0%) 1mo $165,349 $120 91
1941 Pasture Rose 0.10mi 3/2.0 1,411 (+2%) 1mo $198,999 $141 91
11533 Cinnamon Rose 0.11mi 3/2.0 1,354 (-2%) 3mo $196,999 $145 89
11513 Cinnamon Rose 0.12mi 3/2.0 1,354 (-2%) 3mo $198,999 $147 88
11581 Cinnamon Rose 0.13mi 4/2.0 (+1) 1,500 (+9%) 0mo $173,449 $116 74
11569 Cinnamon Rose 0.12mi 4/2.0 (+1) 1,500 (+9%) 2mo $171,999 $115 74
2122 French Rose 0.16mi 4/2.0 (+1) 1,500 (+9%) 1mo $173,999 $116 72
11507 Field Briar 0.14mi 3/2.0 1,200 (-13%) 0mo $145,000 $121 72
11210 Prairie Lndg 0.69mi 3/2.0 1,527 (+11%) 3mo $219,990 $144 47
11120 Prairie Lndg 0.72mi 3/2.0 1,213 (-12%) 1mo $189,990 $157 45

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
-9.2%
Equity multiple
0.67×
Total profit
$-16,450
Equity at exit
$26,839
10-year hold
IRR
-3.8%
Equity multiple
0.78×
Total profit
$-11,186
Equity at exit
$15,563

Cash invested: $50,400 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
45 active · 19 under contract
Months of supply
9.3 mo (11%/mo absorbed)
Median asking
$245,499 ($162/sqft)
Median days on market
275 d
This list price
4% of active listings are priced below it
ARV vs active asking
-12.7% vs 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
1440
Price-to-rent
8.7×

Monthly cashflow live

Estimated rent
$1,726 high interval (Pro) →
Mortgage (P&I)
$944
Tax from tax record
$44 /mo · $524/yr
Insurance
$75
HOA
$21
Vacancy / Maint / Mgmt
$363
Net cashflow
$280

Break-even live

Break-even rent $1,372
Max offer price $180,000
Occupancy floor 79%

Sensitivity live

Price -10% $382 -5% $331 +0% $280 +5% $229 +10% $178
Rent -10% $144 -5% $212 +0% $280 +5% $348 +10% $417
Rate -1.0pp $371 -0.5pp $326 base $280 +0.5pp $234 +1.0pp $186

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
$45,000
Closing costs
$5,400
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
11653 Dog Rose Converse, TX 4.0 2.0 1483 $1,495 $1.01 36d 1 0.08mi
11602 Dog Rose Converse, TX 3.0 2.0 1354 $1,650 $1.22 73d 1 0.09mi
4611 E 1604 N Converse, TX 1.0–4.0 1.0–2.0 990 $1,299 $1.31 9d 1 0.80mi
11151 Hollinger Cir Converse, TX 4.0 2.5 1859 $1,705 $0.92 73d 1 0.80mi
11130 Hollinger Cir Converse, TX 3.0 2.5 1709 $1,950 $1.14 71d 1 0.83mi
11130 Hollinger Cir Converse, TX 3.0 2.5 1689 $1,950 $1.15 51d 1 0.83mi
11131 Hollinger Cir Converse, TX 3.0 2.5 1628 $2,300 $1.41 38d 1 0.84mi
3106 Drayton Ests Converse, TX 2.0–5.0 2.0–3.5 1733 $2,102 $1.21 9d 1 0.90mi
11046 Eyelet Hbr Converse, TX 3.0 2.0 1525 $1,750 $1.15 73d 1 0.92mi
2822 Praline Fry Converse, TX 3.0 2.0 1525 $1,770 $1.16 21d 1 0.94mi
2818 Praline Fry Converse, TX 3.0 2.5 1428 $1,500 $1.05 38d 1 0.94mi
11019 Chatham Ct Converse, TX 3.0 2.5 1428 $1,425 $1.00 93d 1 0.98mi
11030 Yonder Flts Converse, TX 3.0 2.5 1428 $1,500 $1.05 53d 1 1.00mi
11026 Yonder Flts Converse, TX 3.0 2.0 1525 $1,725 $1.13 27d 1 1.01mi
10922 Chatham Ct Converse, TX 3.0 2.0 1525 $1,685 $1.10 21d 1 1.07mi
2939 Gastonian Ml Converse, TX 3.0 2.0 1525 $1,495 $0.98 93d 1 1.09mi
2815 Armaan WAY Converse, TX 3.0 2.5 1401 $1,495 $1.07 9d 1 1.23mi
3130 Jackson Smt Converse, TX 3.0 2.5 1428 $1,885 $1.32 53d 1 1.28mi
3055 Jackson Smt Converse, TX 3.0 2.0 1525 $1,595 $1.05 93d 1 1.29mi
3318 Carducci Dr Converse, TX 3.0 2.0 1276 $1,800 $1.41 93d 1 1.31mi
10803 Prusiner Dr Converse, TX 3.0 2.0 1450 $1,410 $0.97 73d 1 1.36mi
10803 Prusiner Dr Converse, TX 3.0 2.0 1440 $1,476 $1.02 71d 1 1.36mi
10690 Pablo Way Converse, TX 3.0 2.0 1207 $1,600 $1.33 42d 1 1.36mi
2843 Elion Dr Converse, TX 3.0 2.0 1276 $1,425 $1.12 17d 1 1.38mi
10606 Varmus Dr Converse, TX 3.0 2.0 1440 $1,476 $1.02 42d 1 1.39mi
10783 Prusiner Dr Converse, TX 3.0 2.0 1266 $1,621 $1.28 9d 1 1.39mi
3642 Georgia Trce Converse, TX 3.0 2.0 1264 $1,500 $1.19 18d 1 1.41mi
4150 Admirals Bnd Converse, TX 4.0 2.0 1602 $1,750 $1.09 53d 1 1.41mi
2802 Stigler Dr Converse, TX 4.0 2.0 1627 $1,495 $0.92 53d 1 1.41mi
10547 Varmus Dr Converse, TX 3.0 2.0 1440 $1,550 $1.08 33d 1 1.42mi
10538 Varmus Dr Converse, TX 3.0 2.0 1440 $1,550 $1.08 34d 1 1.44mi
10755 Prusiner Dr Converse, TX 3.0 2.0 1266 $1,536 $1.21 71d 1 1.45mi
10723 Vinateros Dr Converse, TX 4.0 2.0 1667 $1,776 $1.07 93d 1 1.45mi
10746 Francisco Way Converse, TX 3.0 2.0 1528 $1,725 $1.13 18d 1 1.45mi
10754 Prusiner Dr Converse, TX 3.0 2.0 1266 $1,450 $1.15 73d 1 1.45mi
2906 Millikan Dr Converse, TX 4.0 2.0 1627 $1,475 $0.91 35d 1 1.45mi
2906 Millikan Dr Converse, TX 4.0 2.0 1627 $1,450 $0.89 24d 1 1.45mi
2822 Millikan Dr Converse, TX 3.0 2.0 1450 $1,450 $1.00 34d 1 1.46mi
2822 Millikan Dr Converse, TX 3.0 2.0 1440 $1,650 $1.15 73d 1 1.46mi
4250 Admirals Bnd Converse, TX 4.0 2.0 1602 $1,699 $1.06 73d 1 1.47mi

Property features AI

Finance

HOA & community
Homeowners association (Rose Valley Residential Community, Inc.)Annual association fee of $250Community features include curbs

Exterior

Parking
Concrete drivewayOpen parking (1 total space)
Utilities
Public waterPublic sewerElectricity connectedCable availableUnderground utilities
Home design
Single-story homeFaces southwestResale property
Construction
Built by Lennar HomesHardiPlank exteriorComposition roofSlab foundationBuilt as new (builder source)
Exterior features
Private yardFront porchBack yard wood privacy fencingGentle sloping lot with few trees

Interior

Kitchen
DishwasherFree-standing gas rangeMicrowaveGarbage disposalPlumbed for ice makerStainless steel appliancesExhaust fanElectric water heater
Bedrooms
3 main-level bedrooms
Flooring
CarpetVinyl
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral electric air conditioning
Interior features
Entrance foyerOpen floorplanPantryRecessed lightingNo interior stepsWalk-in closet(s)Double pane windows
Laundry & utility
Inside laundry roomWasher hookupElectric dryer hookup

HOA detail $21/mo · $252/yr

Likely covers
gas

Listing history 50 events

  1. 2026-08-08
    days on market $180,000 Active 129 DOM
  2. 2026-08-06
    days on market $180,000 Active 127 DOM
  3. 2026-08-05
    days on market $180,000 Active 126 DOM
  4. 2026-08-04
    days on market $180,000 Active 125 DOM
  5. 2026-08-03
    days on market $180,000 Active 124 DOM
  6. 2026-07-31
    days on market $180,000 Active 121 DOM
  7. 2026-07-30
    days on market $180,000 Active 119 DOM
  8. 2026-07-28
    days on market $180,000 Active 118 DOM
  9. 2026-07-26
    days on market $180,000 Active 116 DOM
  10. 2026-07-24
    days on market $180,000 Active 114 DOM
  11. 2026-07-23
    days on market $180,000 Active 113 DOM
  12. 2026-07-22
    days on market $180,000 Active 112 DOM
  13. 2026-07-21
    days on market $180,000 Active 111 DOM
  14. 2026-07-20
    days on market $180,000 Active 110 DOM
  15. 2026-07-18
    days on market $180,000 Active 108 DOM
  16. 2026-07-18
    days on market $180,000 Active 107 DOM
  17. 2026-07-16
    days on market $180,000 Active 106 DOM
  18. 2026-07-15
    days on market $180,000 Active 105 DOM
  19. 2026-07-14
    days on market $180,000 Active 104 DOM
  20. 2026-07-13
    days on market $180,000 Active 103 DOM
  21. 2026-07-13
    days on market $180,000 Active 102 DOM
  22. 2026-07-11
    days on market $180,000 Active 101 DOM
  23. 2026-07-10
    days on market $180,000 Active 100 DOM
  24. 2026-07-09
    days on market $180,000 Active 99 DOM
  25. 2026-07-07
    days on market $180,000 Active 97 DOM
  26. 2026-07-06
    days on market $180,000 Active 96 DOM
  27. 2026-07-05
    days on market $180,000 Active 95 DOM
  28. 2026-07-03
    days on market $180,000 Active 93 DOM
  29. 2026-07-02
    days on market $180,000 Active 92 DOM
  30. 2026-07-01
    days on market $180,000 Active 91 DOM
  31. 2026-06-30
    days on market $180,000 Active 90 DOM
  32. 2026-06-29
    days on market $180,000 Active 89 DOM
  33. 2026-06-28
    days on market $180,000 Active 88 DOM
  34. 2026-06-27
    days on market $180,000 Active 87 DOM
  35. 2026-06-26
    days on market $180,000 Active 86 DOM
  36. 2026-06-24
    days on market $180,000 Active 84 DOM
  37. 2026-06-22
    days on market $180,000 Active 82 DOM
  38. 2026-06-21
    days on market $180,000 Active 81 DOM
  39. 2026-06-18
    days on market $180,000 Active 78 DOM
  40. 2026-06-17
    days on market $180,000 Active 77 DOM
  41. 2026-06-16
    days on market $180,000 Active 76 DOM
  42. 2026-06-15
    days on market $180,000 Active 75 DOM
  43. 2026-06-13
    days on market $180,000 Active 73 DOM
  44. 2026-06-09
    days on market $180,000 Active 69 DOM
  45. 2026-06-08
    days on market $180,000 Active 68 DOM
  46. 2026-06-07
    days on market $180,000 Active 67 DOM
  47. 2026-06-04
    days on market $180,000 Active 64 DOM
  48. 2026-06-03
    days on market $180,000 Active 63 DOM
  49. 2026-06-02
    days on market $180,000 Active 62 DOM
  50. 2026-06-01
    days on market $180,000 Active 61 DOM

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

Tax reassessment forecast TX · Resets to sale price

Current annual tax
$524 · $44/mo
Projected year-2 tax
$3,294 · $274/mo
Expected delta
+$2,770/yr (+$231/mo · 528.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$20,717
− Mortgage interest
−$10,083
− Property taxes
−$524
− Insurance
−$900
− Repairs & maintenance
−$1,657
− Management
−$1,657
− HOA
−$252
− Depreciation
−$5,236
Taxable income
$407
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$98
After-tax cash flow
$3,265/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $6,900–$20,700 screening

This well-maintained single-family home in Converse offers a good condition with minimal repairs needed. It's located near Randolph Air Force Base and has an open floor plan ideal for everyday living and entertaining.

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value
  • Both Clean gutters — Improves drainage and property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

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

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%

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%

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

Price history

+16.5% since first listed
10 events — show timeline
  • 2026-04-29 Price Changed $180,000 LERA
  • 2026-04-29 Price Changed $180,000 Unlock MLS
  • 2026-04-29 Price Changed $180,000 CTXMLS
  • 2026-04-01 Listed $190,000 LERA
  • 2026-04-01 Listed $190,000 CTXMLS
  • 2026-04-01 Listed $190,000 Unlock MLS
  • 2025-06-24 Sold (MLS) LERA
  • 2025-06-05 Pending LERA
  • 2025-05-29 Price Changed $180,135 LERA
  • 2025-05-27 Listed $154,560 LERA

Property tax history

+29.7%/yr

Latest (2025): $524 · +29.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…