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$269,900

7623 Sterling Mnr, Converse, TX, 78109

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,983 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.11 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

BankruptcyAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size6,960 sqft

Building Information

Year Built2011
Stories1
Roof Type109
Garage Spaces2

Land Information

APN05080-894-0110
Lot Number11
SubdivisionGlenloch Farms
Land UseResidential
Legal DescriptionCB 5080S (GLENLOCH FARMS UT-2), BLOCK 94 LOT 11 PLAT 9570/104 FOR 2007 FILED 5/26/2006
Census Tract131615
Assessed Land Value$52,550
Assessed Improvement Value$199,450
Assessment Year2025

About this property

INVESTOR OPPORTUNITY | TENANT-OCCUPIED | 1031 EXCHANGE POTENTIAL! Looking to expand your rental portfolio or identify a replacement property for a 2026 Section 1031 tax-deferred exchange? Welcome to 7623 Sterling Manor in the established Glenloch Farms community of Converse! This single-story, 4-bedroom, 2-bath home offers an attractive opportunity for investors seeking an income-producing property with an established tenant and consistent rental income. Inside, you'll find a functional floor plan featuring an open kitchen with updated quartz-style countertops, coordinating backsplash, center island, and stainless steel appliances. The spacious primary suite features attractive flooring, a walk-in closet, and an updated bathroom with dual sinks, modern fixtures, and a separate shower. Additional highlights include tile flooring throughout the main living areas, neutral interior colors, a two-car garage, and a privately fenced backyard. Whether you're looking to add another rental to your portfolio, complete a qualifying 1031 exchange, or purchase a home for future personal use, this property offers flexibility and potential. Conveniently located near shopping, dining, schools, and major commuter routes. Tenant currently in place with consistent rental income! Lease information and showing availability provided upon request. Property may qualify as replacement property for a 1031 exchange, subject to applicable IRS requirements.

Investor Tools

$215,023Estimated Mortgage Balance
$36,977Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,619 /month
Positive
Cash Flow Estimate:
$540 /month

Interested in this property?

Cathy Thomas

IH 10 Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$489/month
$310/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,608
$252,000
2025
$52,550
$199,450
$252,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,608
$252,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$223,400
No
First
Sep 5, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,023
$36,977
14%
85%
$1,340/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,300/mo
$1,650/mo
+$650/mo
11.0%

City: Converse

7623 Sterling Mnr | Property Details | No Agent List