9216 Canyon Bend Converse, TX 78109
Fully leased duplex with income potential and flexible living options.
Property Features for 9216 Canyon Bend
General Information
- Standard status
- Active
- Size
- 2,702 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 2022
Listing office AXEN Realty (888) 519-7431
Listing date Dec 20, 2025
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of AXEN Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased duplex providing immediate rental income from two separate units.
- Functional open floor plan in each unit with 3 bedrooms, 2 full bathrooms, 2‑car garage, and private covered patio.
- Located in the growing community of Converse, TX, with convenient access to Loop 1604 and I‑10.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $16.20 |
| − Vacancy | −$3.1k | −$1.15 |
| EGI | $40.7k | $15.05 |
| − OpEx | −$12.2k | −$4.51 |
| NOI | $28.5k | $10.53 |
